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P2P Shares Overview

P2P Shares is an AI Native Pre-IPO marketplace that offers all the same price discovery and matching services other platforms provide. The primary difference is we are not a brokerage firm and we do not charge commissions. 

Operating under the SEC technology safe harbor, we make our money charging a small, flat fee to open escrow, deliver documents, process the ROFR only after a buyer and seller have matched. Because we operate with a very low headcount and overhead, we can pass the savings on to our users. Buyers and sellers save an average of 90% on transaction fees on P2P Shares compared to other marketplaces.

P2P Shares is a marketplace for pre-IPO sellers and investors. There are no upfront fees for listing shares and no commissions. We save buyers and sellers 90% on transaction costs

P2P Shares is a Pre-IPO technology listing company. We  are not a broker-dealer and do not charge variable transaction commissions.

The minimum for an individual listing shares is $100,000. For investors, certain P2P single-issuer SPV offerings may accept investments as low as $5,000.

Peer to Peer transactions: Many of the transactions we facilitate are secondary transactions where the buyer and seller transact directly with one another, the company approves the transaction and the buyer is added to its capitalization table at the close of escrow. These transactions take approximately 45 to close.

SPV offerings: We also facilitate single-issuer SPV transactions, which facilitate a seller's large block order into an investment vehicle where several investors can subscribe to the units versus the seller waiting for one large investor.

When you submit a bid (to buy) or an ask (to sell)—on P2P Shares, our marketplace lists your indication of interest on the active order book, it becomes visible to investors. If a match occurs, P2P Shares facilitates the opening of the escrow with the custodian bank, coordinates the documents, and notifies the private company to transfer the shares. You’ll receive regular updates throughout the process, and once ownership is  transferred to buyer, funds will be released from escrow to the seller. Our job  is to provide a safe and secure transaction.

Market participants need to perform their own due diligence prior to submitting a bid offer. When a match occurs, buyer and seller must be prepared to immediately enter escrow or forfeit access to the P2P Shares platform

In a direct secondary transaction, you set the terms on which you’re willing to trade – the price you’re willing to accept as a seller, or the price you’re willing to pay as a buyer. You can also negotiate with those who have submitted existing bids and asks in the active order book. With regard to investment into a private fund, the key terms – including the price of a fund unit, and the associated fund fees - are typically pre-determined. Therefore, as a potential investor in the fund, you simply have the choice as to whether the terms of the transaction are acceptable to you or not.

The average transaction takes 45 days to close escrow. This is due primarily to the company’s  30 day right of first refusal . P2P Shares is designed to connect sellers with buyers and facilitate transactions as quickly as possible.

For an individual secondary transaction, escrow opens after a buyer and seller match and the buyer has 72 hours to deposit funds in escrow. If not, the seller’s shares are re-listed on the order book. For SPVs, the funds must be deposited within 3-5 days from execution of the subscription agreement.

P2P Shares does not dictate  the pricing on  a company’s shares. The prices are based on what investors are willing to pay, and the prices at which shareholders are willing to sell.

As a shareholder, you set the terms of your offer. If there is no buy interest at  the price l you set, you can lower the offer price.

For most companies, shareholders cannot sell unexercised stock options and therefore options must be exercised prior to a sale through P2P Shares’s marketplace. Exercising your options means purchasing the underlying shares at the applicable exercise price. We suggest you consult with a financial advisor before exercising options so you understand the financial and tax implications of doing so.

The escrow is open, the averager time to cloe is 45 days. Once the ownership transfer has been officially approved, funds are released from escrow and sent  via wire transfer to the seller.

If you purchased shares through P2P Shares, you may be able to later list those shares for sale on P2P Shares’s marketplace, subject to certain conditions. In the case of reselling  an SPV, fund manager approval will be required.

No. P2P Shares does not charge a fee to create an account or to access our marketplace of buyers and sellers. Unlike other marketplaces with variable transactions commissions as high as 5%, hidden platform fees or upfront subscription costs, P2P Shares charges a small, flat technology escrow fees (0.2% -0.5%) after a buyer and seller have matched and wish to enter escrow.

When  the company goes public, shareholders typically receive free-trading  shares from the company’s transfer agent;. There may be certain restrictions placed upon the shares (lock-up periods for up to 180 days), during which you are restricted from selling the shares. For SPVs, investors typically receive either publicly-tradeable shares or cash based on fund manager discretion.

You can respond to existing bids or asks in the order book by either accepting them, or choosing to counter their terms. This starts the negotiation process where the aim is to agree on terms with your counterparty.

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Yes. You can wire from multiple accounts.

You receive email notifications upon a bid being accepted. Additionally, you can log into your account for further instructions.

It is a company’s internal process where their board of directors evaluates the terms of a transaction that has been proposed and can elect to either allow the transaction to proceed, to exercise its right of first refusal, or block the transaction outright. When a transaction is rejected, parties receive credit for their next match.

When you invest in an SPV, certain fees, including carried interest, may apply. Carried interest represents a portion of  the profits paid to the fund manager, taken by the fund manager from the proceeds of a liquidity event. It is important to carefully review the terms of any transaction and to seek professional advice to ensure you understand all fees that apply.

Some SPVs charge an annual management fee to compensate them for the management and oversight of the fund. This is typically a set percentage rate, and some fund managers place a cap on the number of years this fee is charged. It is important to carefully review the terms of any transaction and to seek professional advice to ensure you understand all fees that apply.

Prices on P2P Shares are determined by supply and demand and set by investor  and seller interest. Prices vary based on multiple factors, including size.

Yes. You can purchase shares in a self-directed IRA..

Shares may trade at a discount or a premium relative to the prior funding round or the last closed transaction price. This can occur due to a variety of factors including company performance, investor sentiment, and supply and demand.

No. There are no fees to place  a bid  or an ask on P2P Shares and we do not charge commissions .If your bid or ask is accepted, you will be charged a small fee to enter escrow.

For individual secondary trades, you can negotiate with your counterparty.  The identity of counterparties are confidential until trade terms are agreed upon, after which identities will be revealed. For investments in SPVs, you are purchasing directly from the fund at fixed terms so there is no negotiating

Yes.

After the fund’s minimum one year holding period, you can seek liquidity through the P2P Shares platform.

When an investor accepts your offer, you will enter escrow. Upon the fund manager’s approval—the transfer of unit ownership can be processed and funds released to you. Unit redemptions from a P2P Shares Fund are the fastest transaction types, often closing within a few weeks.

Even if no prior transactions exist in our dataset, P2P Shares still provides a variety of other data sources and insights across a wide range of private companies.

If you can’t find the company you’d like to buy or sell shares in on P2P Shares, you can submit an inquiry. P2P Shares facilitates transactions in venture-backed private company shares and has extensive experience working with new issuers.

Investors

Private market investors include  individual investors, venture capital funds, mutual funds, and more. To participate as a buyer in the U.S., the investor must be deemed an “accredited investor”, as defined by federal securities laws.

Qualifying as an accredited investor depends on meeting certain financial or professional thresholds, such as having income over $200,000 ($300,000 with spouse or partner) for the past two years, with a reasonable expectation to have the same in the current year.

Or, an individual can qualify as an accredited investor if they (alone or with a spouse/partner) have a net worth of at least $1 million, not counting their primary residence.

Or, the individual is a licensed security professional.

Pre-IPO investing refers to investing in a company before it goes public and offers its shares on a public stock exchange. Pre-IPO investing can provide new opportunities for investors who believe that a company is poised for growth and has the potential to generate significant returns. However, it can be a high-risk investment, as there is typically less information available about the company's financial performance and future prospects than there would be for a publicly traded, reporting company.

Investors who participate in pre-IPO investing often do so through private placements or secondary market platforms like P2P Shares that allow them to purchase shares in the company before it goes public. For more on pre-IPO investing.

Investors buy pre-IPO shares for several reasons, such as:

  • The potential for outsized returns
  • Investing early in a startup
  • Diversifying portfolios

Rather than investing solely in publicly traded companies, which often means investing in mature companies and facing a lot of competition from other investors, buying pre-IPO shares can potentially mean getting an ownership stake in a company early offering greater potential for upside.

You don't need to  use a broker to invest in private companies. Accredited investors and institutions find that it’s easier and  save 90% on commissions when buying private company shares through P2P Shares marketplace.

Buyers can also benefit from P2P Shares expertise in systems with private company transfer processes, knowledge of applicable securities laws and transaction documents, and the ability to bring these elements together in a transaction.

Other broker marketplaces charge commissions up to 5% to both buyers and sellers. P2P Shares does not charge commissions. When a buyer and seller match, we charge a small technology fee to enter escrow. Our fees range from 0.25% -0.5% representing a 90% savings.

P2P Shares does not charge a fee to create an account or to access our marketplace and join our global network of buyers and sellers. Unlike other secondary marketplaces with hidden platform fees or upfront subscription costs, P2P Shares Securities only gets paid when the buyer and seller enter escrow. If a one party cancels escrow, we protect the other party with a 100% credit for their next match

We have engineered a risk-insulated environment for buyers. If you match with a seller, enter escrow,  deposit the funds for the purchase and the target company  exercises its ROFR or blocks the transaction, We  return 100% of your investment principal to your bank account, and  apply a 100% Platform Transaction Credit to your accont to cover the cost of your next escrow set up..

Investors set valuations based on the recent  trading activity on a secondary marketplace like P2P Shares, recent funding valuations, and valuation histories at comparable companies.

A direct investment involves buying shares directly from another shareholder or from the company itself. A fund investment is where an investor purchases fund units in an entity created to hold a specified assets such as the shares of a privately held company. In a fund investment, the investor does not directly own or hold shares of the private company but owns fund units, which give the investor 1:1 exposure to the shares of the privately held company.

When you submit a non-binding bid on the P2P Shares marketplace, it appears in the live order book. Sellers can choose to accept your bid or negotiate directly with you through the platform. When a match is made, escrow is opened for you to deposit funds with a custodian bank and P2P Shares coordinates the transaction process. We facilitate document signing, managing compliance processes,  communicate with the private company for approval and issue notice for them to transfer the shares. You’ll receive updates along the way.  Once complete, ownership is  transferred to you by the private company. 

For large, complex transactions, P2P Shares can help you identify potential buyers.

To receive priority access to new deal flow and discounted technology escrow fees, you can open and deposit funds in your P2P Shares wallet managed by an FDIC insured bank partner. P2P Shares never touches your money. Additionally, Sellers will see you are a Pre-funded verified buyer when you place bids increasing the chance they will match with you. 

If you have not prefunded your account and a seller accepts your bid, you will have 72 hours to fund the escrow.

No, trades are not automatically matched. However, you can view real-time bids and asks on the order book. You can accept a bid instantly. Both parties are notified when a match is made and the transaction can proceed through the platform.

Our standard minimum for direct secondary transactions is $100,000 USD. Many P2P Shares fund offerings may accept investments as low as $5,000.

You can access transaction and valuation data and stay informed about the latest private company trends on your P2P Shares dashboard. Our marketplace provides detailed analytics and historical pricing, so you can see the implied value of your investments. Additionally, you can set up notifications so you don’t miss any opportunities .

When your bid is accepted by a shareholder, P2P Shares will notify you via email and include information regarding opening and funding the escrow. P2P Shares facilitates the transaction by distributing documents for signature, coordinating with the company and third parties to help ensure a smooth process. Once all requirements are met, you will receive confirmation the ownership has been  transferred to you by the private company and escrow is closed.

No. You must be an Accredited Investor to purchase private securities on P2P Shares..

You can  invest in private securities through self-directed IRAs (SDIRA). P2P Shares works with various custodians to facilitate these transactions. If you're considering investing through a trust, our marketplace can support that as well, provided it meets applicable requirements. We recommend consulting with your financial advisor or IRA custodian to ensure compliance with their requirements.

There may be restrictions on buying shares from specific companies on P2P Shares’s marketplace. These restrictions can vary based on factors such as the company’s policies, shareholder agreements, regulatory requirements, the availability of shares, and whether P2P Shares supports trading in that company’s shares. Some private companies impose transfer restrictions or require board approval before shares can be transferred, while most have rights of first refusal that give the company itself or existing stakeholders priority in purchasing shares from those who sell. If you're interested in a specific company, please register for an account, and visit that company’s page—P2P Shares provides company-specific context regarding transferability restrictions.

If you haven't already, you can open a P2P Shares account and accept a current bid or submit an offer to sell your shares Once listed, investors  can  accept  your offer or negotiate directly with you through the platform. For larger or more complex transactions, P2P Shares specialists can assist to help identify potential counterparties.

You only pay P2P Shares when you match with a buyer and enter escrow. Once escrow is open you will deposit funds covering the purchase price. There are no fees to create an account or access the marketplace.

The purchase price is fully refunded to you if the transaction doesn’t close.

Shareholders

If you own private company shares, you’re generally  eligible to sell them, though some restrictions may apply. Unlike when buying private company shares, you do not need to be an accredited investor to sell.

Most private companies  have  a “right of first refusal.” Meaning, the company can exercise its right to buy your shares rather than letting you sell them on the open market.

Many private companies impose restrictions such as transfer limitations, rights of first refusal (ROFR), or requirements for board approval. For the most accurate guidance, we recommend confirming directly with your company’s stock administrator, legal, or finance team.

What is the process for selling private company shares through P2P Shares?

  1. Open a free account on  P2P Shares. It takes three minutes even if you have fat fingers.
  2. Accept a bid or submit an offer to sell.  Offers to sell will not be shared with your company until a match is made and you enter escrow with the buyer. 
  3. P2P Shares posts your offer to our network of accredited investors and institutions to source buyers.
  4. When a match is made, P2P Shares will notify you to open and escrow and facilitate your transaction.

The average transaction takes 45 days from the time P2P Shares marketplace matches a buyer and a seller until the transaction is closed. P2P Shares keeps you informed of the timelines and steps you need to take along the way.

You can find valuation information such as recent trading activity of your company’s private shares on P2P Shares.

Unlike other marketplaces that charge up to 5%,  P2P does not charge commissions. Its free to join and there are no fees to list your shares for sale. Our lean, AI native marketplace saves buyers and sellers 90% by only charging a small, flat technology escrow fee  (0.25%- 0.5%) after a match is made and wish to enter escrow. 

Stock options give you the right to purchase shares at a given price, whereas shares represent ownership in a company. If you want to sell private company stock, you need to first exercise your stock options.

The value of your shares is determined by investor demand. A first step in understanding the demand for your shares is to access P2P Shares’s marketplace by logging into your account. As a shareholder, you can explore a company’s active order book, with current bid and ask prices, historical trade activity, and overall market trends for your shares including primary funding round information. P2P Shares provides access to price discovery tools and private market insights, helping you gauge what investors are willing to pay.

When you submit an offer to sell you’ll be prompted to upload proof of ownership. Only one document can be uploaded per offer submitted. Please combine your certificates into a single file that clearly shows your name, the company, and the number of shares .

The minimum transaction size ranges from $25,000 to $100,000 depending on demand, company-specific requirements, and  transaction structure. Sellers must provide  documentation to verify ownership and comply with regulatory requirements.

P2P Shares does not facilitate the exercise of stock options,

All bids and asks submitted on our marketplace are anonymous. If you place sell order, investors will be able to see details of the offer (e.g. price, size, other terms) but identities are not disclosed. For direct share transfers, once terms are agreed upon, buyer and seller identities will become known to one another and provided to the company to facilitate the transfer. Buyers and sellers should review the terms of their agreements and consult with their personal advisors to ensure they understand any confidentiality obligations.

Shareholders cannot sell unexercised stock options and therefore options must be exercised prior to a sale through P2P Shares’s marketplace. Exercising your options means purchasing the underlying shares at the applicable exercise/strike price. Please  consult with a financial advisor before exercising options so you understand the financial and tax implications of doing so.

It takes 45 days on average to close escrow after a match has been made.

Companies may choose to block transactions from taking place for a variety of reasons, including but not limited to, the proposed counterparty, the price per share in the transaction, required pre-approvals, adjustment of the company’s fair market value, new primary funding rounds, and other factors. If you are concerned that your company may block a transaction, we suggest getting confirmation from your company’s stock administrator, legal or finance team on the transferability of your shares or to ask for individual approval to sell. 

If a company exercises its Right of First Refusal (ROFR), it means that they have elected  to purchase your shares at the same terms you agreed to with the buyer, or otherwise elected to assign that right to another party. You would still complete  the sale in this scenario, but the counterparty you are selling to would change.

Private companies often include transfer restrictions in their corporate bylaws or shareholder agreements to control ownership, maintain stability and align with strategic goals. These restrictions are designed to prevent unwanted parties from gaining influence in a company and further help preserve the company's culture and operational stability. More specifically, these potential restrictions can serve the following purposes:

  • Preserve private company status: To avoid triggering public reporting requirements, private companies may want to limit the number of shareholders on their cap table.
  • Maintain cap table integrity: Companies often want to vet or approve new shareholders to help ensure strategic alignment, avoid competitors acquiring equity stakes and information rights , and preserve relationships with employees or early investors.
  • Support future financing or acquisition events: Clean, controlled cap tables are important for due diligence in fundraising or M&A events. Transfer restrictions reduce surprises and unwanted ownership changes.

Complying with legal or contractual obligations: Certain investors may have tertiary agreements or special rights (e.g. rights of first refusal (ROFRs), co-sale rights, etc.) that companies must honor when shares change hands.

For existing shareholders in a company, please note that a P2P Shares  may already be an approved buyer on a company’s cap table and selling your shares to a P2P Fund may solve this issue.

Sometimes a private company requires a legal opinion – this is when the company hires legal counsel to review and/or process the proposed transaction. Sometimes the company requires that the seller cover the fees associated with this, but company restrictions and shareholder negotiation may impact this. This fee is not charged by P2P Shares Securities

How does an investor determine pricing?

Investors typically explore a variety of market dynamics including, for example:

  • Lowest priced offer to sell 
  • Highest bids to purchase 
  • Last matched transaction prices 
  • Primary funding rounds and institutional valuations 
  • Comparables from public/private companies 
  • News, market sentiment, and leadership  
  • Broader economic factors and liquidity preferences 

Generally, investors determine pricing based on a combination of factors, including some of the above inputs, applying their own interpretations and analyses to various signals to arrive at a price they’re prepared to pay for the asset.

The size of your offer could influence the level of interest you receive. Some investors may be seeking larger or smaller positions than what you’ve listed, which can also affect pricing dynamics. If you’re open to selling a partial amount, you can specify both your total offer size and the minimum number of shares you are willing to sell when submitting your listing.

A cashless exercise occurs when an investor funds the exercise cost (strike price x number of options) of an option holder’s stock options as part of a simultaneous sale. This allows the option holder to convert options into shares without paying the exercise cost out of pocket, which is typically required to complete a sale.

In these transactions, once an agreement with an investor is in place, P2P Shares notifies the company, triggering its internal processes. After the company completes those steps, closing paperwork is circulated and the seller receives net proceeds (sale proceeds minus the option exercise cost covered by the investor).

RSUs, or restricted stock units, are company shares that are not fully transferable until certain conditions—such as time-based vesting or performance milestones—are met. Once those conditions are satisfied, the shares become transferable to the award holder.

P2P Shares does not facilitate transactions in RSUs while they remain restricted. You may be able to transact them once they convert.

Common shares represent partial ownership in a company. They typically give holders voting rights and the chance to benefit from a company’s growth through appreciation in value.

Preferred shares are a type of company stock that typically provides certain advantages over common shares, such as priority in receiving proceeds if the company is sold, liquidated or goes bankrupt. They may also carry other rights defined in the company’s charter, such as special voting rights or specific transfer restrictions.

In the private market, different share classes can have varying rights and transferability rules, which can affect how they are transacted. Following an IPO, privately held preferred shares often convert to common stock, and in most cases, pricing is similar after conversion. Dividend rights on privately held preferred shares are uncommon.

The largest pricing differences between preferred and common shares in the private market usually occur when preferred shares have alternative transfer restrictions or processes that make them easier—or more difficult—to sell.

Timing depends on the type of fund ownership being sold.

  • Individual sale: typically 45–60 days after matching with an investor, similar to a direct company transaction. 
  • Transfer of previously owned units: generally 2–3 weeks from agreeing on terms to close.
  • Third-party fund transfers: timing varies by structure.

A cashless exercise allows an investor to fund the exercise of your options in connection with a simultaneous sale. Most companies do not permit this type of transaction, so be sure to review or inquire about your company’s policy. If permitted, the investor must agree and all required legal documents must be signed before notifying the company (written approval may also be required).

On P2P Shares, your offer to sell your shares is visible to al accredited investors in the platform. They can view price, minimum quantity and deal terms. Your identity is hidden..

If there’s limited or no investor interest in a given company, you can:

  • Consider adjusting your ask price or terms to make the opportunity more attractive
  • Leverage P2P Shares’s market data tools to stay informed on changes in demand
  • Explore alternative liquidity options such as partial sales or company-sponsored liquidity events

Institutions

P2P Shares works with  hedge funds, private equity funds, venture capital funds, mutual funds, RIAs, and family offices.

A P2P Shares assists you every step of the way- from understanding your goals and potential target investments, sourcing a counterparty, navigating the right of first refusal process and company relations, all the way through closing.

The primary difference is that P2P shares will save institutions 90% on average on their transaction costs compared to buying and selling on a competing marketplace.

Unlike broker marketplaces, P2P Shares does not charge variable transaction commissions which can be as high as 5% to both buyer and seller. Our AI Native marketplace charges technology/escrow fees ranging from 0.25%- 0.5%.

P2P Shares does not charge a fee to create an account or to access our marketplace and join our global network of buyers and sellers. Unlike other secondary marketplaces with hidden platform fees or upfront subscription costs, P2P Shares Securities only gets paid when parties enter escrow.

P2P Shares does not have audited financial information from each company available. Some institutional offers do offer access to high-level diligence information provided by the seller or an associated party under NDA. Additionally, P2P Shares compiles data available on company profiles for most issuers, complete with a company waterfall, funding history, investors, and exit scenarios.

The vast majority of our deals are direct secondary transactions, where the purchaser is directly on the capital table of the company at the close of the transaction. A stock certificate / associated proof of holdings is issued by the company in the purchaser’s name. 

We will also engage in fund transfers, which enable a limited partner/beneficial owner in a single-asset fund to transfer ownership interest of that fund to the purchaser. These transactions are more streamlined as the company’s involvement is limited/non-existent, and there is no right of first refusal process.

Issuers

P2P Shares specializes in working with private growth companies. Private companies rely on P2P Shares to help employee shareholders and early investors access liquidity.

P2P Shares works with private companies on a customized basis. We can craft our services to meet your unique needs, including helping to facilitate individual secondary market transactions (when an employee wants to sell shares) to the management of large, formal liquidity programs.

We can help you manage the administrative and operational burdens of maintaining a clean cap table, setting the parameters for a liquidity offering, and more.

Pre-IPO Market

Buying and selling private company shares on P2P Shares is different from trading on public stock exchanges. P2P Shares is a marketplace of  private company shares that works to match accredited investors with shareholders seeking liquidity.

Unlike publicly traded stocks, private company shares require a structured process to facilitate transactions. Once clients onboard onto the marketplace, shareholders (early employees, executives and investors), can list their shares on P2P Shares’s marketplace. P2P Shares helps bridge the gap between buyers and sellers and streamlines the process, making private market investing more accessible and efficient and affordable.

You must be an Accredited Investor to purchase private securities on P2P Shares. You can find information about who meets the Accredited Investor definition here. If you meet these qualifications, you  will be able to invest on P2P Shares. Once terms are agreed, P2P Shares facilitates the transaction by coordinating with both parties to finalize terms, circulate documents, and issue a notice to the private company to transfer the shares. 

P2P Shares works with the issuing company and any required third parties to ensure a smooth process. You’ll receive regular updates throughout the process, and once the transaction is complete, ownership is ultimately transferred to you by the private company. The process to purchase private company securities can differ given structure and internal company transfer processes/restrictions.

P2P Shares offers data-driven insights but  final pricing is ultimately decided by shareholder/investor interest and the prevailing market conditions. Factors inccluding company performance, funding rounds, and general economic conditions influence share value. 

If you haven't already, you can open an account on p2pshares.com. You can explore the active order books, historical trade activity, and overall market trends. P2P Shares provides access to price discovery tools and private market insights

Private companies are becoming increasingly more supportive of their shareholders finding liquidity.  All private companies have the Right of First Refusal (ROFR) on secondary stock sales which could ultimately prevent your purchase from proceeding. Some companies require board approval, legal opinions and/or transfer fees, for a sale of their securities. P2P Shares works with companies to understand and follow their protocols.

You can get started with P2P Shares with the following easy steps.

  • Register: If you're an accredited investor, you can open a free account on P2P Shares’s marketplace. This registration grants you access to a range of private company investment opportunities, data, and valuation tools. 
  • Explore: You can browse available investment opportunities in various private companies by accessing each of their active order books
  • Track Companies: Add specific companies to your watchlist to stay informed about key changes to your target companies
  • Invest: After identifying a company, you can proceed to submit a bid, accept an offer or negotiate with the counterparty.

Some considerations include:

  • Company Approval: Private companies often have certain restrictions in place which can prevent a successful share transfer. 
  • Valuation and Demand: The value of private company shares can fluctuate based on market demand and company performance. Conduct thorough due diligence to understand the current valuation and market interest.
  • Liquidity and Risks: Investing in private companies is generally considered illiquid, high-risk, and speculative. Potential losses of the principal investment should be considered in addition to other risk factors prior to proceeding.

To sell shares in a private company, you start by creating an account and providing evidence of ownership. From there, you can choose to sell – either directly to a buyer or sometimes to a fund or special purpose vehicle (SPV). You’ll research recent market data to help determine your desired price, then submit a non-binding offer to sell . If a match occurs escrow is opened, the transaction moves through necessary steps like company approval or ROFR (Right of First Refusal), before final settlement and fund transfer. While timelines and requirements can vary, the process is designed to give shareholders a path to liquidity in the private market.

While P2P Shares offer data-driven insights, we do not perform private company valuations. The terms of trades facilitated by P2P Shares are ultimately determined based on buyers and sellers coming to mutually agreeable trade terms. To obtain information about a private company on P2P Shares, you can start by exploring our company search feature, which provides access to historical secondary market transaction data, recent trade activity, and pricing insights, like the active order book. 

Private companies are not required to disclose financial statements publicly and rarely do so. P2P Shares aggregates data from secondary market transactions, giving investors an insight into a company’s implied valuation trends. Keep in mind that valuations can fluctuate based on supply and demand dynamics in the private market and other factors.

You can access a company’s last closed trade price, previous funding round(s) data, and see current company demand and supply via the active order book on P2P Shares. 

Almost all private companies have a Right of First Refusal (ROFR) on secondary stock sales. If a company exercises ROFR, it means that they have elected to exercise their right to purchase shares from a shareholder on the same terms agreed between that shareholder and a prospective buyer, As a seller, you would still complete the sale in this scenario, but the counterparty you are selling to would change. If ROFR is exercised, the seller still gets liquidity, but the original buyer in the transaction is replaced.

Investing in pre-IPO companies offer the potential for significant returns. But it also comes with risks that are different from public market investments. It’s important to do your own research, understand your risk tolerance, and speak with a financial advisor before investing. Here are some general things to keep in mind:

  • Limited liquidity: Private shares are not traded on public stock exchanges, so it may take time to find a buyer or seller. You may not be able to buy or sell when you want or at your desired price.
  • Company restrictions: Many private companies have policies like rights of first refusal (ROFR), transfer limitations, or required board approvals that can block or delay transactions.
  • Limited information: Private companies are not required to disclose financial or operational information publicly, which can make it harder to evaluate their performance or value. 
  • Pricing opacity: Unlike public stocks, private securities often don’t have a clear or daily market price. Pricing is based on prior trades, investor interest, or funding round valuations and may not reflect current fair value.
  • Longer timelines: Transactions can take weeks to close, especially if company approvals or legal steps are required.
  • Higher risk: These investments are speculative and may involve losing part or all of your investment—especially if the company remains private, delays a liquidity event, or fails altogether.

Account

If you'd like to delete your P2P Shares account, please reach out to support@p2pshares.com for assistance. For security purposes, we may need to verify your identity before processing the deletion.

You can see what your current email address is within the P2P Shares marketplace by logging into your account and navigating to the Profile icon in the top-right and selecting “Manage Profile”.

If you’d like to change your registered email address, please reach out to support@p2phares.com for assistance.