Nasdaq CEO Sees Winning SEC Approval for Private Market Soon
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Nasdaq OMX Group Inc. anticipates winning final approval for its market for closely held companies this month and hopes to open the venue in early March, Chief Executive Officer Robert Greifeld said during an interview.
Nasdaq Private Market, if cleared by the U.S. Securities and Exchange Commission, would give investors and employees of closely held companies a place to buy and sell shares while letting corporations avoid the disclosure and compliance requirements that come with being publicly traded.