Companies

Private Market Admission Process

Access new sources of capital and connect with investors through the NASD marketplace. Our markets provide flexible admission routes designed to support companies at different stages of growth.

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About NASD Private Market

The NASD Private Market connects private companies with investors seeking early-stage and growth opportunities. It provides visibility and structured access to capital without the requirements of a full public market listing.

Admission gives founders a path to liquidity and a transparent record of company activity, while keeping ownership requirements light.

Best Suited for

Growth companies
Private enterprises raising capital
Businesses preparing for future public markets

Founders and investors meeting around the NASD Private Market

Requirements for Private Market Admission

Follow these simple steps to admit your company or security to the Private Market, or join as a Market Participant.

Private Market Admission

1Complete NASD Form P1a.
2Submit completed form and non-refundable fees payable in full at the time of application, accompanied by the listed supporting documents to legalcompliance@nasdng.com Click here to see supporting documents and payable fees

Download the full admission document

Private Market Requirements Document

Download the full admission document for detailed disclosure requirements and obligations.

Private Market Listing Process

Follow these steps to admit your company to the Private Market.

Step 1
Pre-Admission
Board appoints Issuing House, fills application, and returns with fee. Board submits signed undertaking to comply with NASD OTC Rules.
Step 2
Review
NASD reviews company structure. After due diligence, NASD will give approval in principle.
Step 3
Approval & Admission
Company opens a register with CSCS. 100% dematerialisation of shares can commence.
Step 4
Announcement
Company announces admission to NASD Private Market. Trading on securities commences.

View Detailed Admission Guidelines

FAQs

Some of the commonly asked questions about the Private Market.

What is the Private Market Admission Process?
It allows companies to list securities for private trading among selected investors.
Who is this market designed for?
Companies that want controlled access to investors without full public exposure.
What types of securities can be admitted?
Approved instruments for private transactions include shares, bonds, and commercial paper.
What are the main benefits?
You get access to capital while keeping more control over ownership.
Are there fewer requirements than public markets?
Yes. The process is more flexible than public market listings.
Who can invest in this market?
Typically, qualified or retail investors.
Do I need an advisor for admission?
Yes. An advisor helps prepare and submit your application.
Is trading visible to the public?
No. Trading is limited to approved participants.
What documents are required?
Basic company, financial, and ownership details are required. See full details in the guidelines here.
How do I begin?
Reach out to NASD or an authorized market operator.

Ready to Take the Next Step?

Speak with our team to explore the right market for your company.

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