BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Unlocking Illiquid Shares in Private Companies

Unlocking Illiquid Shares in Private Companies

Kelvin Lee, Chief Executive Officer, Alta

13-May-24 12:00

Unlocking Illiquid Shares in Private Companies

In a world where companies are staying private for longer, today Enterprise Explores the potential of Share Liquidity Programs and Tokenization to unlock illiquid shares in private companies with Kelvin Lee, CEO of Alta - a Singapore-based marketplace for alternative assets.

Alta recently facilitated the inaugural trade of the first tranche of shares as part of their Income Insurance Share Liquidity Program. The program was established in January by Alta and Phillip Securities to provide a liquidity solution to almost sixteen thousand shareholders holding shares valued at as much as $840 million. On top of that, by enabling access to Phillip Securities to all Income Insurance shareholders to sell their shares, Phillip Securities is able to subsequently sell these shares on AltaX where it becomes available to investors for trading.

Among other things, Kelvin will share insights on how Alta is addressing the opportunities in private markets in a landscape where companies are opting to stay private longer, we'll also discuss the intricacies of tokenization, dive into the value of share liquidity programs, and how these strategies are enhancing liquidity for private securities.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketstechnologymanagingCorporates

Tags:  private companiesilliquid sharesbusiness





Play / Pause

Listen now : The Breakfast Grille Repeat:

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Tim Mulholland, President, TJM Limited, Chicago

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Tommy Xie, Head, Greater China Research, OCBC Bank

7:45 AM

Top Story

Malik Imtiaz, Constitutional Lawyer

8:00 AM

The Breakfast Grille

Dato' Beh Huck Lee, Group MD, EUPE

8:30 AM

Morning Brief

Professor Datuk Dr Lokman Hakim Sulaiman, Public Health Medicine Specialist

8:45 AM

Morning Brief

9:00 AM

Opening Bell

9:15 AM

Opening Bell

9:35 AM

What's the Focus

10:05 AM

Open For Business

Ann Sze Pang, CEO and Co-Founder; Tan Jin Xue, COO and Co-Founder, Neo Livin

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

TBC

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Discovery Hour

The ABC's of Biodiversity: Gibbons of Malaysia, Mariani Ramli, President, Gibbon Conservation Society - REPEAT

3:05 PM

Front Row

MJPF 11 - the Malaysian Jazz Piano Festival 2024, Michael Veerapen, Principal Founder, Malaysian Jazz Piano Festival 2024

3:25 PM

Front Row

Overture, Lee Wee Xian, watercolour artist

4:05 PM

Health & Living

Doctor in the House

5:00 PM

Top 5 at 5

6:00 PM

Inside Story

7:30 PM

Just For Kicks

9:00 PM

A Bit of Culture