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I've always wondered if Nasdaq Portal is an adequate alternative. It lets you issue shares to qualified institutional buyers (anyone with over 100 million doll

I've always wondered if Nasdaq Portal is an adequate alternative. It lets you issue shares to qualified institutional buyers (anyone with over 100 million dollars) for 2,000 to 3,000 dollars in signup fees. I don't know much about the process, so I wonder: is there a reason nobody talks about it? Is it a reasonable way to get an IPO-like event?

Prrometheus 19y ago
You can raise equity through private securities that "trade" (with little liquidity) on these markets through rule 144A offerings. I've never heard of a 144A being done for less than $75 million, although I haven't followed the tech markets. After all, it costs money to market your company to the kinds of firms that invest in private securities.