NYSE Euronext Buys Into Private Placement Startup

Law360, New York (September 9, 2013, 2:54 PM EDT) -- The operator of the New York Stock Exchange said Monday that it purchased a minority stake in ACE Group Inc., a 3-year-old startup that helps companies manage private securities sales, giving itself a toehold in the $1 trillion-a-year private placement market.

Under the terms of their agreement, NYSE Euronext Inc. and New York-based ACE will work in tandem to build up a go-to service that allows broker-dealers to list and oversee the off-the-market sales of certain securities, including stocks and bonds, and lets investors sift through...
To view the full article, register now.