Thursday, July 18, 2019
Technology News
Technology News Delivered Daily
Home / Culture  / Art/Design  / Equidate Provides New Platform for Private Companies’ Financial Information

Equidate Provides New Platform for Private Companies’ Financial Information

Equidate Provides New Platform for Private Company Financial Information and Private Equity Trading

Equidate, a marketplace that allows investors and shareholders to access and liquidate shares in private companies, announced this week that it has launched a new platform that provides proprietary financial data about private companies. This information, such as share prices and valuation, has typically been inaccessible to the public, making it difficult for new and existing private investors to evaluate investment opportunities.

Equidate’s new platform also provides real-time updates for private companies’ stock value, as well as news coverage to help investors and shareholding employees stay current about their investments.

“Oftentimes, employees who are not well-informed about what their holdings are worth have trouble making decisions about buying and selling, life events, and taxes because they don’t know how it will affect their overall financial status,” said Equidate Founder and co-CEO Samvit Ramadurgam in a press release announcing the launch. “Even early investors can be out of date.”

Equidate was founded in 2013 by Sohail Prasad and Samvit Ramadurgam, both of whom are Y Combinator alumni and S2 Capital’s founding partners. Jeffrey Singer, former CEO of NASDAQ Dubai, is Equidate’s managing director. At the moment, approximately $750 million worth of private equity shares are traded in the Equidate marketplace.