Secondary Markets for Startup Shares in Action - trading at 61% last valuation

Startup shares in secondary markets are seeing a lot of activity, with buyers looking for opportunities to purchase shares in private companies that are not yet public. PitchBook reported that Tiger Global allowed secondary investors to bid on individual companies in its portfolio, but when they tried to sell bundles of shares, they couldn't find buyers. As a result, shares in some companies are being marked down, with a median discount of 61% compared to their latest funding rounds. Despite this, firms like A16, Excel, Bain, Bessemer, and Kleiner are actively buying shares in secondary markets to increase their stakes in existing investments. Additionally, crossover firms like Co2, Tiger Global, and Brad's altimeter are actively searching for deals. This activity in the secondary market may be an indication of a bottom.