Introducing Auctions

We just launched Auctions!

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Price discovery in illiquid markets is tough… you never know the price at which you can actually trade until you have a signed document. And before that, the process of discovering bids/asks and negotiating with counterparties can be time-consuming. Some orders are firm, some negotiable, and counterparties can be flaky.

A simple way to solve this is by making orders firm and time-bound. With Augment Auctions,

    - Sellers put up a block of shares for a set period of time (1-2 weeks)
    - Buyers can bid on the share price of the block, all-or-nothing
    - Bids are anonymous, but are viewable by any Augment user
    - All bids are firm and binding
    - Winner locks in a transaction with the seller
    - To avoid buyers placing all their bids in the last few moments, any bid placed in the last 5 minutes will extend the auction another 5 minutes, and bids must be placed in minimum increments of $0.25!

Think a much cooler version of eBay!

We believe Auctions are one step towards making the private markets more liquid and transparent.

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If you’re a seller considering auctioning off your shares, or a buyer wanting to participate or learn more, contact us at info@augment.capital.

* Private market investments involve a high degree of risk, may be illiquid, and should be considered speculative.