SecondMarket Sees $115 Million In Private Stock Sales During Q1

Are sales of private company shares taking a breather? Demand for private company shares resulted in $115.4 million worth of transactions on SecondMarket during the first quarter of 2011, down from $120 million last year. The value of shares trading hands was also down from $158 million in the fourth quarter of 2010, according to its first quarter report. The biggest buyers were high net-worth individuals, who accounted for 59 percent of completed transactions, compared to only 18 percent last quarter. VC funds stopped buying completely during the quarter, whereas the quarter before they made up a whopping 43 percent of completed transactions (with mutual funds making up another 13 percent).

QLOGIC PROGRESS SOFTWARE PLANAR SYSTEMS