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How do I place a Secondary Market sell order?
How do I place a Secondary Market sell order?

This article explains what a sell order is and how to place one.

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Written by Christian Lambert
Updated over a week ago

Sellers will be able to place a sell order on the Secondary Market for a fund, once it has been opened by the fund manager.

Funds are typically opened up for trading on Jasper's Secondary Market once the fund is fully allocated and a first full valuation of assets is complete.

We expect these liquidity windows will generally take place quarterly, following the release of the latest quarterly report. Jasper may change the liquidity window dates of a Secondary Market at any time at our discretion.

It is important to note that there is no guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved.

How do I place a sell order?

You can access the sell side of the Secondary Market via your investor portal. If the Secondary Market is open for a fund, a blue "Sell" button will appear in the top right-hand corner of the portfolio holding page for your investment.

You can access your 'Portfolio' page via this link - https://app.jasper.io/portfolio, you can then select the relevant holding from the list to view the portfolio holding page.

You can place a sell order by selecting an sale price of your choosing within a predefined range, which is currently 25% on either side of the fund's latest Unit Price (adjusted NAV) calculation. You can sell some or all of your holding.

You will be provided with an estimated sale proceeds amount based on your ask price and the total number of units in your sell order. These proceeds remain an estimate until a match is found.

Once your sell order is approved, you will receive a confirmation email. The order will then appear on the Secondary Market for prospective buyers to bid on. Bids can be within 25% of the fund's latest Unit Price.

Jasper will present you with any bids for your consideration. If you accept a bid, Jasper will arrange for the payment and transfer to take place.

It's important to note that you may not be able to achieve your desired price (if any).



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​Important Disclaimer:

There is no guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved. Units will not be listed on any public securities exchange.

Investments offered by Jasper should be considered illiquid.

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