Wall Street wants to disrupt private share trading

Wall Street firms such as Goldman Sachs, JPMorgan and Morgan Stanley are muscling in on the booming market for private share trading – and potentially disrupting existing technology platforms.

The growth in private markets in recent years has been dramatic, led by an increase in the number of unlisted companies that are valued at over $1 billion – the so-called unicorns. There were 963 unicorns worldwide in January 2022, with a value of $3.14 trillion, according to a list maintained by research firm CB Insights.

This creates a substantial revenue opportunity for firms that can tap into the market for secondary trading of shares in unlisted private companies.

Thanks for your interest in Euromoney!
To unlock this article: