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     157  0 Kommentare ClearList Announces an Equities Marketplace for Private Companies - Seite 2

    T. Rowe Price, a leading investment manager, is another senior advisor to ClearList. Mehmet Kinak, global head of systematic trading at T. Rowe Price, said, “ClearList will be an extremely innovative and low-cost platform for capital raising and a giant step forward for companies on the road to an IPO and investors who want to get in on the ground floor.”

    Serving as chief executive of ClearList is Bill White, a long-time leader in the electronic trading industry with more than 30-years’ experience working in the capital markets. He said, “Addressing the cost, transparency and limited access to the private markets is the ClearList mission. We are offering private companies and their existing investors a vastly superior, issuer-friendly platform. ClearList creates choices for private companies at every stage of growth and capital management, helping define the path to the public markets.”

    ClearList will offer the existing investor bases of its private-company clients access to a vast network of global investors with hundreds of billions of dollars of investment capital, through a network of 400+ family offices and institutional buyers. It will soon deploy a system for accredited retail investors to invest side-by-side with the largest investors in the world.

    The ClearList platform is operationally organized around multiple innovative features and services that are the first of their kind in the private-markets space:

    • ClearInvestors. ClearList empowers private companies to understand and develop their investor base.
    • ClearPrice. ClearList will use proprietary technology to continuously calculate ClearPrice, a fair and transparent price where buyers and sellers can transact. ClearPrice is calculated based on supply and demand of private company shares. GTS will provide the full technology solution for ClearList, using the same technology used to price and trade securities at the NYSE as part of the GTS Securities market making operation.
    • ClearTrade. ClearList will manage and operate a transparent and compliant Alternative Trading System (ATS) to provide for trading of private company shares by investors. The ATS will enable secure trading and, through its partner network, confirm trade executions and facilitate settlements, by verifying payment and delivery instructions.

    Michael Piwowar, former commissioner and acting chairman at the Securities and Exchange Commission and a current advisor to GTS, said, “ClearList solves a long-standing problem of limited retail access to the private markets and opaque valuations for many private companies. Democratizing investor access to the private markets and fair pricing will be an important contributor to strengthening our capital markets ecosystem.”

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    ClearList Announces an Equities Marketplace for Private Companies - Seite 2 ClearList, a digital trading platform that will transform price-discovery of private company securities and provide liquidity for those securities, was announced today, including its inaugural private-company client, San Diego-based Cibus, a leader …

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