Equity-Crowdfunding-Paper-CrowdfundingHub-CrowdfundingHub《股权众筹报告》.pptxVIP

;;(Based on Beauhurst Data 2011-2015 Source: University of Cambridge Centre for Alternative Finance, Nesta, KPMG and CME Group Foundation);;As the equity crowdfunding market grows and evolves, one of the biggest trends to watch is the development of a fully accessible secondary market. This is essential to the sector’s future growth as it provides an exit strategy for investors who do not want their funds to be tied up for several years. Other developments underway in the sector include growing collaboration between business angel networks and equity crowdfunding platforms, as both types of investors seek to gain from combined strengths and experience. And all the while, the sector is witnessing the steady growth of maximum deal size. Urgent need for a secondary market Since the first equity crowdfunding platforms launched, the need for a secondary market to trade the shares was recognised as an essential means of providing liquidity. But currently there is no fully functioning and efficient secondary market leaving equity crowdfunding investors with no options to trade their shares. In order to take the next step in its evolution a secondary market for equity crowdfunding will be necessary. Without it, investors will be forced to sit on unrealised profits that they will be unable to access in the absence of an efficient exit strategy. This is an unpopular state of play for investors who do not like their money to be tied-up long term. There are currently two scenarios in terms of how this secondary market could develop. Either the leading platforms will become big enough to create an internal market to trade shares from campaigns on their own platform, or specialised secondary markets will be launched. These can be new Fintech companies, but because of stricter regulations, most likely these will be initiatives that are created or backed by existing stock exchanges. In the near term it is likely that these models will co-exist side by side until a clear leader eme