Tom Callahan, CEO of Nasdaq Private Market – Transparency, Innovations, and Challenges… State of the $3.5 Trillion Private Markets in 2023

Miguel Armaza sits down with Tom Callahan, CEO of Nasdaq Private Market, a secondary marketplace and liquidity provider for private company trading and transactions. NPM recently spun out of Nasdaq is now backed by a consortium of banks and financial institutions, including Nasdaq, Citi, Goldman, Morgan Stanley, and others.We discuss:An update on the state of both primary and secondary activity in private marketsA deep dive on how private markets work and why the system is so archaicUnintended consequences created by regulation like the US JOBS Act… and a lot more!Live Recording Alert! Join us for a live Fintech Leaders recording and Happy Hour with Stuart Sopp, CEO & Co-Founder of Current, a multibillion-dollar fintech built in New York City.  See you at Barclays Rise New York on Monday, October 16 to kick off New York Tech Week. Register here --> https://bit.ly/3sMaIBjWant more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today’s global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary, instead? Check out the Fintech Leaders newsletter and join almost 60,000 readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIpNASDAQ PRIVATE MARKET, LLC IS NOT A REGISTERED EXCHANGE UNDER THE SECURITIES EXCHANGE ACT OF 1934. NASDAQ PRIVATE MARKET IS OPERATIONALLY INDEPENDENT AND DISTINCT FROM THE NASDAQ STOCK MARKET LLC. SECURITIES-RELATED SERVICES ARE OFFERED THROUGH NPM SECURITIES, LLC, A MEMBER OF FINRA AND SIPC. NONE OF THE INFORMATION PROVIDED REPRESENTS AN OFFER TO BUY OR SELL, OR THE SOLICITATION OF AN OFFER TO BUY OR SELL, ANY SECURITY, NOR DOES IT CONSTITUTE AN OFFER TO PROVIDE INVESTMENT ADVICE OR SERVICE. INVESTING IN PRIVATE COMPANY SECURITIES IS NOT SUITABLE FOR ALL INVESTORS. IT IS HIGHLY SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK.