Co-authors: David Dunford and Gregory L. Wright Pricing in private company secondary markets is increasingly driven by sophisticated institutions, and, as a result, pre-IPO trading levels now predict subsequent public market activity with surprising precision. …

Why Banks Are Partnering with ZX to Protect Clients from Suboptimal Execution in Private Markets — Co-authors: Gregory Wright and David Dunford Secondary markets for private stock are beginning to command bank attention as they grow in size and importance. Today, over $1.5tn of wealth is held in late-stage, venture-backed private company equities globally, a number that has grown at a compounded annual growth rate of…