Focus on Finance II - Private Secondary Markets and Late Stage Investing

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www.FT.com/ The ability to trade stocks in private companies more actively, along with the emergence of a new class of aggressive late-stage investment funds, has transformed the financing environment for companies that are not yet ready to go public. Do these developments represent an effective way to bridge the gap between venture capital and the public markets, or do they risk distorting valuations and reducing transparency in the financial system? Should regulators take action?
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