Sept 9 U.S. public market operator NYSE Euronext
said on Monday it was getting into the $1
trillion-a-year private placement business through a minority
stake in Ace Group Inc, which runs a private issuance platform
for equity, debt and other securities.
Terms of the deal were not disclosed.
NYSE said in a statement it would work with ACE to establish
an independent and transparent technology backbone for new
ACE, which focuses on primary offerings, currently provides
a technology platform where qualified investors can seek out
investment opportunities marketed by investment banks and other
NYSE rival Nasdaq OMX Group said in March it was
creating a market for trading shares of unlisted companies in a
joint venture with trading platform SharesPost Inc, tapping into
increasing investor interest in private firms.
The Jumpstart Our Business Startups Act (JOBS), passed last
year in March, boosted the amount of shareholders an unlisted
company can have to 2,000 from 500, making it easier to trade