Nstock targets ¥20 billion in private-share transactions over three years
Nstock announced a target of ¥20 billion in cumulative transactions over three years for its new brokerage business handling shares derived from stock options at unlisted companies. The service will enable employees and executives to convert options into shares for sale, with sellers able to complete transaction procedures on smartphones. Buyers are expected to include venture capital firms and crossover investors selected by the companies, and fees will be up to 10% of sale proceeds.