17-June-2010
Jason Day was recently featured in thecorporatecounsel.net Mentor Blog. His post, "Trading of Private Company Stock: Issues to Consider," discussed increased interest in the trading of private company stock. Due to the relative dearth of IPOs and M&A in recent years, secondary markets may prove to be the best liquidity option for investors and employees of venture capital–backed companies. However, the trading of private company stock raises a myriad of securities law issues for buyers, sellers, and issuers.