Tom Callahan, CEO of NPM: Unlocking Liquidity in Private Markets

Tom Callahan, CEO of NPM: Unlocking Liquidity in Private Markets

Author: Evan Epstein December 16, 2024 Duration: 1:00:52
My guest today is 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 our conversation, we discuss his experiences on Wall Street during the 1990s, the impact of the JOBS Act on private markets, and 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. If you like this show, please consider subscribing, leaving a review, or sharing this podcast on social media. You can also contribute by subscribing to the Boardroom Governance Newsletter at evanepstein.substack.com This podcast is sponsored by the American College of Governance Counsel.

Ever wonder what really happens behind the closed doors of a corporate board meeting? Boardroom Governance with Evan Epstein pulls up a chair to that table. Each episode is built around a substantive, long-form conversation with a leading voice from the world of corporate oversight-founders who have navigated IPOs, seasoned board directors, institutional investors, legal scholars, and top executives. Evan Epstein guides these discussions beyond the headlines and dry policy to uncover the human dynamics and strategic decisions that define modern governance. You’ll hear firsthand about the evolving pressures on boards, from activist investors and regulatory shifts to technology disruptions and crises of leadership. More than just analysis, this podcast delves into the personal journeys and hard-won insights of the individuals shaping these critical conversations. It’s for anyone curious about the architecture of power, responsibility, and strategy at the highest levels of business. Tune in for a rare, nuanced look at the principles and people steering today’s most influential companies.
Author: Language: English Episodes: 100

Boardroom Governance with Evan Epstein
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