Market for private tech firms soars

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Market for private tech firms soars Monday 3 January 2011 11:05 pm whatsapp Show Comments ▼ Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content Tags: NULL A GROWING and largely unregulated market in privately owned shares has sprung up as technology firms continue to rise in value exponentially.Investors are clamouring to own a stake in the next major internet firm before they are publically traded, driving the biggest surge in demand for privately-owned tech companies since the dotcom boom.Facebook has grabbed the headlines after Goldman Sachs and Russian fund Digital Sky Technologies (DST) invested $500m – valuing it at a staggering $50bn. But privately held shares in other companies have also been feverishly changing hands.Groupon, the online marketing firm which recently rejected a $6bn takeover bid from Google, is set to raise almost $1bn from a number of major institutional investors.Microblogging site Twitter recently raised $200m in a round of investment led by Kleiner Perkins, valuing the firm at $3.7bn. And online gaming firm Zynga has received hundreds of millions of dollars from investors including DST.Goldman is now planning to create a vehicle that will raise as much as $1.5bn from investors desperate for a piece of Facebook, which could yet fall foul of a new SEC inquiry into the trading of privately owned tech shares. whatsapplast_img

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