Venture capital investors desperate for an exit are willing to swallow discounts as high as 50 per cent in secondary markets, as traditional ways to get their money out, such as IPOs and takeovers, become harder.
IPO markets are shut, but secondary markets alive and kicking for VCs looking for an out.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
