30 DAY+ TRANSACTIONS
Unlike public securities, shares in startups and privately held companies take a little more time and effort to transfer, up to 30 business days on average.
Not to worry, we handle everything for you: When a seller makes an offer and a buyer accepts, we contact any relevant parties, like the company that issued the shares in the first place, to complete the transaction.
SELL SHARES
With Owners Bonus (start free trial at checkout)
BUY SHARES
No Subscription Required
1. In some instances, the issuer (the company that initially offered the shares) may deny the transaction or may exercise the option to repurchase the shares at the same terms. Additionally, we assess the tradability of the shares and ensure they are free from any transfer restrictions.
We have answers
Short answer, no. Unlike public securities, companies on Marketplace aren’t necessarily listed on an exchange like the NASDAQ. Even though you can buy and sell shares and we can facilitate the transfer of ownership, the companies themselves remain private…with no ticker symbols.
In a 30 day+ transaction, only the seller can set the share price. That said, the buyer can still choose the number of shares they’d like to purchase. FYI: all transactions must be for a minimum value of $250 plus a 3.5% fee for buyers and a 5% fee for sellers.
As the name suggests, 30 day+ transactions can take up to 30 business days on average to complete. If the transaction is not completed within 90 days, the buyer may choose to cancel.1
We’ll keep you up to date every step of the way. We send a notification once a sell offer is approved, then again once a buyer accepts, and finally once the transaction is complete. If at any point, your order is canceled, we’ll let you know about that too.
A seller can cancel at any time until a buyer accepts the sell offer. Once a buyer accepts, the transaction is locked, at which point neither the buyer nor the seller can back out. If the transaction is not completed within 90 days, the buyer may choose to cancel.1
1. If the transaction is not completed within 90 days, the buyer has the option to cancel the transaction. In that instance, if the buyer requests cancellation, StartEngine will accommodate the request provided it is received before transaction instructions are sent to the relevant transfer agent.
Transactions may not be instantaneous because the shares are administered by a third party, or the company that issued the shares has transfer restrictions in place – meaning, we need to ask them to transfer ownership.
In certain instances, the issuer can refuse to approve the sale. Should that arise, the issuer is generally required to buy back the shares from the seller.
Yes, you’ll be prompted to upload proof of ownership prior to placing your offer.
*There is no guarantee that an active market for the securities will develop or be maintained. Please be aware that it may take some time to liquidate your investment or use these shares as collateral.