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Unlocking Illiquid Shares in Private Companies

Kelvin Lee, Chief Executive Officer, Alta

13-May-24 12:00

Unlocking Illiquid Shares in Private Companies

In a world where companies are staying private for longer, today Enterprise Explores the potential of Share Liquidity Programs and Tokenization to unlock illiquid shares in private companies with Kelvin Lee, CEO of Alta - a Singapore-based marketplace for alternative assets.

Alta recently facilitated the inaugural trade of the first tranche of shares as part of their Income Insurance Share Liquidity Program. The program was established in January by Alta and Phillip Securities to provide a liquidity solution to almost sixteen thousand shareholders holding shares valued at as much as $840 million. On top of that, by enabling access to Phillip Securities to all Income Insurance shareholders to sell their shares, Phillip Securities is able to subsequently sell these shares on AltaX where it becomes available to investors for trading.

Among other things, Kelvin will share insights on how Alta is addressing the opportunities in private markets in a landscape where companies are opting to stay private longer, we'll also discuss the intricacies of tokenization, dive into the value of share liquidity programs, and how these strategies are enhancing liquidity for private securities.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan

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Categories:  marketstechnologymanagingCorporates

Tags:  private companiesilliquid sharesbusiness

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