The IPO market may have regained its footing--sort of--but clearly not fast enough for some wanting to sell their private shares.
Trading on SecondMarket soared 55 percent in 2011 to a total of $558 million in transactions, as ex-employees, founders and others connected with hot startups cashed out shares. The company creates a marketplace for stock in private companies.
Demand, meanwhile, was huge, with those trying to buy private shares--measured by what SecondMarket calls "indications of interest"--offering more than $6 billion during the year.
SecondMarket says it's now completed more than $1 billion in private company … Read more