Xpert Financial Offers #StartUps An IPO Alternative

Rising startup money in Norway is quite a challenge. I bet we get it before in Sweden, Spain, Netherland or Silicon Valley.

Xpert Financial is themself a startup, and has an alternative to Business Angels and Venture Capital. It's nice that something comes up that are tailored to startups!

A post from from GigaOM by Ryan Kim has the whole story. Here is a part:

For companies looking to forestall a move to go public, there’s a new alternative trading platform that just came out of stealth mode and is giving start-ups a way to sell private shares. Xpert Financial just announced today that it has gotten approval by the SEC and the Financial Industry Regulatory Authority to open an electronic trading platform that will serve as a middle ground for companies looking for capital and liquidity but without the requirements of going public. This could allow companies to stay private longer and further erode the IPO market as companies amass the capital to scale while maintaining their independence. 

Xpert Financial, a start-up with a personal investment from Tim Draper of Draper Fisher Jurvetson, has been working for 1 1/2 years to gain the approval of regulators, who are increasingly scrutinizing secondary markets like SecondMarket and SharesPost. Those services match investors with private shareholders, often ex-employees of a start-up, who are looking to cash out. Because of companies such as SecondMarket and SharesPost, start-ups like Facebook, Twitter and others have risen in value by 54 percent since June, according to a report this month by Nyppex LLC, a private equity advisory firm. The private companies, however, do not participate in the selling of their shares.

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