Nasdaq partners major banks to spin out trading platform for pre-IPO stocks

Nasdaq partners major banks to spin out trading platform for pre-IPO stocks

Photo: REUTERS/Brendan McDermid/Files

Nasdaq Inc on Tuesday partnered with big U.S. banks, including Goldman Sachs and Morgan Stanley, to separate its platform that allows people to trade in shares of private companies, which have seen strong interest from investors seeking lofty returns on investments.

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