Tech selloff catches up with private startups

wsj

4 min read . Updated: 29 Nov 2022, 07:25 PM IST Julie Steinberg, The Wall Street Journal

The technology-heavy Nasdaq Composite began to sell off in November 2021. (Photo: Reuters) — The technology-heavy Nasdaq Composite began to sell off in November 2021. (Photo: Reuters)

Markdowns of up to 80% help drum up interest in secondaries market for shares in unlisted companies

Tech startups are plunging in value in private trades, mirroring the big markdowns of their publicly listed brethren over the past year.