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Is Europe’s secondaries boom only serving the 1%?

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European tech scaleups have increased the frequency of secondary share sales to let early investors and employees cash out while also maintaining new company valuations. The article contrasts that only the top 1% can capture most benefits, with the figure for broader impact given as 8%. As a result, the secondaries boom is being debated as concentrating gains rather than widening access beyond early insiders.

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