ClearList Announces an Equities Marketplace for Private Companies

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 in advanced plant-breeding technologies.

ClearList is majority-owned by GTS, a leading electronic market maker across global financial instruments, as well as the largest Designated Market Maker at the New York Stock Exchange and the largest wholesale market maker of over-the-counter securities in the United States. ClearList will utilize technology and market expertise provided by GTS.

“ClearList will be the equities marketplace for private companies,” said Ari Rubenstein, Chairman of ClearList and co-founder and CEO of GTS, the majority owner of ClearList. “America will need transparent capital formation to restart the post-Covid-19 economy and ClearList is a game-changing platform that will revolutionize the private-to-public life-cycle for America’s fastest growing and most enterprising companies. ClearList will bring unprecedented transparency to private company pricing, enabling growth and smoothing the road to a successful IPO.”

Peter Beetham, Ph.D., and CEO of Cibus, said, “ClearList is an urgently needed sophisticated trading platform for transparent valuation of exciting pre-IPO companies. The time is long overdue for private company investors in innovative companies like Cibus to have a fair, transparent and democratized platform on which to have their private shares traded.”

Paul Tudor Jones II, one of the pioneers of the modern-day investment industry, and Founder and Chief Investment Officer of Tudor Investment Corporation, said, “ClearList has invented the future of private markets investing and should set an industry standard by creating an unparalleled technology solution that solves long-standing problems, while also expanding investment access for qualified institutions and accredited individual investors.” Tudor Investment Corporation is a minority investor in ClearList.

Steven A. Cohen, the Chairman and CEO of Point 72, a leading global asset management firm, said, “ClearList has an innovative approach to creating more transparency and liquidity for private company securities, which I believe could be a gamechanger and welcomed development for private company investors.”

Steve Quirk, executive vice president of trading and education at TD Ameritrade, is serving as a senior advisor to ClearList. TD Ameritrade provides investing services and education to approximately 12 million client accounts totaling approximately $1.4 trillion in assets, and custodial services to more than 7,000 registered investment advisors. "We believe that equal-opportunity investing is the key to financial well-being and that's why we support efforts by ClearList to help level the playing field for investors. This is a big win for retail investors, who have typically been shut out of pre-IPO investing,” Quirk said.