Unlike securities issued in public markets, PPs tend to have very limited secondary market liquidity. Therefore, investors participating in Private Placements must consider their their liquidity needs in deciding to invest in Private Placements.
All Private Placements are restricted from resale for a period of 1 year from the date of the issuance which means that they cannot be sold. Following 1 year restricted period, an investor can sell their holdings following the SEC Rule 144 among several other options. An investor that is not an affiliate of the company that issued Private Placement securities can sell their holding to another investor on IOICM platform. However, even after the expiration of the restriction period these securities cannot be sold to public or anyone outside of IOICM platform.
For more information see the link below.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html .
For more details about Platform secondary trading rules, please click here.
