# Arco Shares > Arco Shares is a pre-IPO secondary markets platform giving qualified and institutional investors direct access to secondary positions in high-growth private companies ahead of their NYSE or NASDAQ listing. EU regulated, operating under applicable Dutch financial law and consistent with MiFID II. Intended exclusively for professional and qualified investors. Minimum ticket: €100,000. ## Key facts - Positioning: Access to pre-IPO secondaries, before the market does. - What it is: a single, regulated channel to buy existing shareholdings (secondaries) in late-stage private companies before they list publicly. - Pipeline: 10 active secondary positions; target exchanges NYSE and NASDAQ. - Audience: high net worth individuals and institutional investors (professional and qualified investors under MiFID II). - Minimum ticket: €100,000 per position. - Regulation: Arco Shares BV, registered in the Netherlands, applicable Dutch financial law, AFM framework, EU / MiFID II. - Important: nothing on the website is an offer or invitation to buy or sell securities, nor investment advice. Private positions are illiquid and high-risk; investors may lose the entire amount invested, and a listing may be delayed or never occur. ## Pages - [Home](https://arcoshares.com/): Overview, key facts, how it works, regulation, FAQ. - [Pre-IPO secondaries explained](https://arcoshares.com/secondaries.html): What a secondary is, primary vs secondary vs co-investment, discount to NAV, LP-led vs GP-led, continuation funds, the J-curve, risks, glossary. - [How it works](https://arcoshares.com/how-it-works.html): Qualify, review the pipeline, commit, settle; diligence criteria and practical terms. - [Deal pipeline](https://arcoshares.com/pipeline.html): Indicative overview of the 10 active positions by sector, stage and status. Company-level detail is released to qualified investors after onboarding. - [About](https://arcoshares.com/about.html): What Arco Shares is and is not; regulatory framework. - [Request access](https://arcoshares.com/contact.html): Access request for professional and qualified investors. - [Legal, risk & privacy](https://arcoshares.com/legal.html): Disclaimer, risk warning, eligibility, privacy and cookies. ## Definitions (citable) - Pre-IPO secondary: the purchase of an existing shareholding in a private company from a current holder, rather than from the company itself, giving a position in a late-stage company before it lists on a public exchange. - Discount to NAV: a purchase price below the most recent reported value of a holding, sometimes accepted by sellers who need liquidity. - LP-led secondary: an investor in a fund sells its fund stake to another investor. - GP-led secondary: a fund manager restructures assets, often into a continuation fund, to provide liquidity to existing investors. ## Contact - General: info@arcoshares.com - Access requests: access@arcoshares.com