Podcast #157 | Tom Callahan, CEO of NPM: Unlocking Liquidity in Private Markets

Episode #157 of the Boardroom Governance Podcast features Tom Callahan, the CEO and Manager of the board of managers of Nasdaq Private Market (NPM), a secondary market trading venue for issuers, brokers, shareholders, and prospective investors of private company stock.

In 2021, NPM was spun-off of Nasdaq to become its own, independent company receiving strategic investments from coalition of banks.

In this conversation, Tom and Evan discuss the challenges private companies face regarding governance and liquidity. Tom highlights how NPM is improving data accessibility and efficiency, while also addressing the balance between fostering innovation and ensuring transparency.

The conversation concludes with Tom reflecting on the future of private company secondary markets.

You can listen to the episode directly in the Boardroom Governance Podcast website (where you can find all the show notes), or wherever you listen to your favorite podcasts such as in: Apple or Spotify.

You can also subscribe to the Boardroom Governance Newsletter at evanepstein.substack.com

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Pacifica Global was founded in San Francisco to serve as a leading corporate governance advisory firm. The mission of Pacifica Global is to help founders, executives, directors and investors solve some of their most complex corporate governance conflicts and challenges.