NEW YORK: The world will have its first private stock exchange up and running this late December. "Exhilway Link", promoted by Exhilway Global, the world's largest emerging markets focused fund will let small and medium sized businesses to directly reach out to the accredited investors and build business valuations under the recently modified US JOBS Act 2.0.
The recent change in the US JOBS Act has given a chance to many small businesses to plan and raise funds via crowdfunding websites. The crowdfunding market is expected to grow over 200% per year and the cumulative size of the market is pegged at over US $1 trillion.
Exhilway Link, formerly known as Exhilway Private Capital Market (EPCM) will list not more than 10,000 companies in the first round. The platform will be kept open to the world; however it is compulsory for the fund seeking company to incorporate in the USA.
Exhilway Link has already seen registrations from over 50,000 accredited investors worldwide. Exhilway Link makes money majorly in terms of equity fee and it garnered US $200 million last year. EPCM which was incorporated last year is now completely merged into the newly formed Exhilway Link.
In November, last month, a Dubai based investment management company has purchased minority stake in the platform which valued the business at little over US $2.4 billion, the platform has recorded the fastest valuation growth for any startup ever.
"The business model is clean and engaging, we allow investors to freely sign up on the platform, and however the portfolio companies have to invest on their ratings and valuations. We do extreme due diligence before we allow a company to showcase its offer documents to the investors. A company can also feature its offering on the website by shelling out extra cost. We make our money in terms of success fee when our clients raise money successfully from the investors," said Ajay Garg, CEO, Exhilway Global.
Exhilway Link plans to open 70 branches worldwide which will provide personal assistance to the fund seekers. The company plans to hire 500-600 people before February next year.
Exhilway Global will also raise and invest US $1 billion in the emerging economies of Asia via Exhilway Global Opportunities Fund - I.