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NEW YORK - Nasdaq (NASDAQ:NDAQ), a $48.34 billion market cap exchange operator with impressive 43% returns over the past year, has partnered with Nasdaq Private Market (NPM) to launch Tape D, a real-time private company dataset aimed at enhancing price transparency and valuation visibility for private, pre-IPO companies. According to InvestingPro analysis, Nasdaq maintains strong financial health with a robust 61% gross profit margin. The collaboration between Nasdaq and its subsidiary NPM will allow Nasdaq clients to access critical information through an API integration via Nasdaq Data Link. With the stock trading near its 52-week high of $84.24, Nasdaq continues to demonstrate market leadership in data services. For deeper insights into Nasdaq’s valuation and growth metrics, check out the comprehensive Pro Research Report available on InvestingPro, which covers 1,400+ top US stocks.
Tape D is designed to integrate primary round data, secondary market transactions, and accounting data such as mutual fund marks and 409A valuations, providing a comprehensive view of private market pricing. This initiative is expected to benefit investors, banks, wealth advisors, and private companies by enabling more effective evaluation of private holdings, structuring of private transactions, management of liquidity needs, and capital raising efforts. The company’s strong financial position, evidenced by its 13 consecutive years of dividend increases and substantial revenue growth of 26% over the last twelve months, supports its continued investment in market infrastructure improvements.
Oliver Albers, Executive Vice President, Chief Product Officer, Capital Access Platforms at Nasdaq, emphasized the company’s commitment to using technology to make markets more efficient, mirroring the transformation achieved in public markets. Marc Perkins, CFA, Senior Vice President of Product at Nasdaq Private Market, highlighted the importance of accurate, real-time data in a private market that includes over 1,200 unicorns and billions in equity held by private shareholders.
The launch of Tape D is part of Nasdaq’s broader commitment to improving transparency, access, and portfolio management across the investment spectrum. This includes offerings such as Nasdaq Fund Secondaries, which aim to enhance secondary transactions’ efficiency, transparency, and scalability.
For more information on accessing the Nasdaq Private Market Tape D Data API, interested parties can visit Nasdaq’s website. This news is based on a press release statement.
In other recent news, Nasdaq Inc. reported stronger-than-expected earnings for the first quarter of 2025, with earnings per share reaching $0.79, surpassing the forecast of $0.75. The company also reported revenue of $1.24 billion, exceeding expectations of $1.22 billion, marking a 12.5% year-over-year increase in net revenue. Citi analysts responded by raising Nasdaq’s price target from $75 to $80, maintaining a Neutral rating. The analysts noted Nasdaq’s robust pipelines in its Financial Technology segment despite current market volatility causing delays in sales cycles. Meanwhile, Damon Inc. is set to resume trading on the Nasdaq Stock Market after a halt that began in late April 2025 for undisclosed reasons. Investors are keenly watching the resumption of trading in Damon Inc.’s shares. Additionally, Nasdaq announced a modest rise in short interest across its Global Market and Capital Market securities as of April 15, 2025. These developments highlight the dynamic nature of the current market environment and the significant interest in Nasdaq’s performance and strategic moves.
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