General

What is offered for sale on SHAREbid.com?

Shares of Private Companies.

Where will the sale be held?

You can see and bid for the shares on SHAREbid.com, and the Company that issued the shares will handle the transaction after that.

Once I register, who will have access to my personal information?

All user information on SHAREbid.com is treated with the utmost confidentiality and respect for your privacy. At no time will any user information be sold, rented or otherwise disclosed to third parties except to the Company that issued the shares, and only when you want to buy or sell shares in that company. Please see our privacy policy for further details.

What is a "Sealed Bid" auction?

Although bids are placed online through SHAREbid.com, in a sealed bid auction, none of the bids are published on the website.

What is an "Open Bidding" auction?

An auction with open bidding will display all valid bids as they are received. Bids will appear under the Bid History section on the auction page.

What is a "Last Call^®" auction?

It's just that, a "last call" for bids. The initial bid deadline is extended for a specific period of time allowing bidders to submit their bids before the next deadline ends the auction. If a new bid is received, the deadline will extend again giving all bidders time to place their next bid. Last Call bidding is fair to everyone because it prevents "sniping". That's when a bidder waits until the final seconds of an auction and then swoops in and outbids everyone right as the auction ends.

How much does it cost?

There is no fee charged by Sharebid to sellers or buyers.

How will my shares be marketed?

The sponsoring company that issued the shares normally has a list of interested parties that they notify when shares are made available.

What happens if my reserve price is not met?

Should your reserve price not be met, you will have the opportunity to accept or decline the final bid or offer, or in many cases you will be able to relist the auction.

How much does it cost?

There is no charge to the buyer or seller, no commissions are payable. There may be a third party fee by independent third parties for escrow of funds or transfer of shares.

Do I need to submit a Bid Deposit?

No. However, as it is a private company, the company that issued the shares will review your information before giving you the ability to bid on the shares.

Can I place bids on multiple auctions at once?

Yes.

Can I make an offer directly to purchase the shares?

No. The seller information is confidential. All bids must be placed through the SHAREbid.com website.

How will I know if someone has outbid me?

For Last Call and Open Bidding Auctions, you will be notified via email each time a new bid is placed. If you are not actively bidding in the auction, you can receive "new bid" notifications by adding the auction to your Watch List. For Sealed Bid Auctions, other bidders are not notified when bids or offers are placed.

What happens if the seller accepts my Bid?

First you will receive a congratulatory email. You will then be contacted by the company that issued the shares, who will walk you through the next steps. Once you have received confirmation that your bid has been accepted by the seller, you are required to execute the transfer agreement and submit the funds to the company. Review the Terms and Conditions of Sale for specifics.

Who can sell their shares?

Anyone approved by the company. The issuing company approves sellers and validates the sale of the shares before the auction starts.

Who can buy the shares?

The issuing company controls the list of who is approved as a bidder.

Who can see confidential company information that we upload to SHAREbid.com?

Important company documents are secured in a digital vault. Only those approved by the company can see confidential company information.

What if I don’t want my shares to be visible to the public?

No company or share information is public on SHAREbid. Privacy and security is of the utmost importance to us at SHAREbid.