PrivatEquity Internet Platform, Allows Employees to Sell Their Securities
10 March, 2014
A new website called PrivatEquity promise to make a fundamental change in the ways Hightech emplowees seize their options in private growing companies.
A new website called PrivatEquity promise to make a fundamental change in the ways High tech employees seize their options in private growing companies.
The PrivatEquity website (http://www.privatequity.biz) went this week online in Israel. This trading platform, allows current and former employees who hold the securities of high-tech companies which were not issued yet, to offer the private securities they own for sale.
This means that the “exit” is transformed from a one-time event into a continuous self-governed process. The private holders of the securities can receive the money before the “official exit” and the distribution of dividends.
PrivatEquity, established by Israeli entrepreneurs, was launched this week in Israel. The founders plan to expand their activity to other countries in Europe’s and Asia’s high-tech centres in order to form international co-operations and investment opportunities for investors all over the world.
The site’s business model is based on receiving commissions from both parties after a deal was closed. The minimum amount for sale is at least 10,000$ and are held by the owner for at least one year. A private high-tech company’s employee who will offer his or her securities for sale will state the requested price. PrivatEquity will forward only the highest bid to the securities’ seller, subject to the full amount being transferred by the bidder to a trustee.
“PrivatEquity is an innovative technological platform, which is the next big thing in technology-based financial services (FinTech) and a game changer in the private stocks investments field. Millions of current and former employees of private high-tech companies all over the world hold the securities of private high-tech growth companies in various growth stages. At the same time, investors all over the world hold vast private capital and seek attractive investment offers in private high-tech companies. We allow current and former employees of high-tech companies to reach these sources of funding”, says Sigalit Cohen, PrivatEquity’s entrepreneur and CEO.
According to Cohen, “PrivatEquity’s arena allows millions of investors all over the world to establish their own investment portfolio in private high-tech growth companies. The launching of PrivatEquity is of great significance to high-tech companies’ employees, to entrepreneurs, private investors, angels and private companies’ securities holders. The platform offers a network where private people establish private companies which can grow and develop products in a smart way utilising the capital which they raise”.
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