TOKYO -- Sumitomo Mitsui Trust Group will launch a fund to purchase shares of unlisted startups in an effort to develop the secondary market for young companies.
Startups
Sumitomo Mitsui Trust looks to bolster pre-IPO startups with new $100m fund
Rushed public offerings can lead to stagnant stock prices and stalled growth
Sumitomo Mitsui Trust Group will launch a new fund to invest in unlisted startups and give them time to develop. (Source photos obtained by Nikkei)
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