Nasdaq Launches Exclusive Access to Nasdaq Private Market's Tape D® API to Deliver Advanced Visibility into Private Markets

Core Insights - Nasdaq has partnered with Nasdaq Private Market to enhance price transparency and valuation insights for private companies, particularly pre-IPO firms and unicorns through the Tape D private company dataset [1][2][4] Group 1: Product Offering - The Tape D API provides real-time private market pricing by integrating primary round data, secondary market transactions, and accounting data, addressing transparency challenges for investors and banks [2][4] - Nasdaq Private Market has executed nearly $60 billion in transactional volume for over 200,000 individual eligible shareholders and investors across more than 775 company-sponsored liquidity programs since its inception [9] Group 2: Market Context - The private market is increasingly critical for valuation and investment, with over 1,200 unicorns and billions in equity held by private shareholders, highlighting the need for reliable valuation benchmarks [4] - Nasdaq aims to replicate the efficiency and transparency achieved in public markets within the private market sector, enhancing the investment lifecycle for all participants [3][5] Group 3: Strategic Goals - The collaboration with Nasdaq Private Market reflects Nasdaq's commitment to creating an ecosystem that promotes transparency, accessibility, and improved outcomes across the investment spectrum [3][5] - Nasdaq's offerings, including Nasdaq Fund Secondaries, are designed to improve efficiency and scalability in secondary transactions, equipping asset owners with essential research and portfolio management tools [5]