FirstPEX is an online auction site (Private Network Market or PNM) for private equity transactions that allows qualified investors to buy and sell equities to each other through a bidding process,[1] which enables the parties to find a mutually agreeable price. Its primary audience is entrepreneurs and investors to engage in negotiations and to exchange information on investment transactions prior to closing a transaction. The site provides tools for investors and business owners alike to trade non-liquid assets. The platform is not subject to the regulatory supervision by the Swiss Financial Market Supervisory Authority (FINMA) it is based, it is however subject to authorization in Europe.[2]
The site is based on the Django framework and allows members to navigate through listings according to numerous of criteria such as asset class, investment volume, country of origin or sector or industry and includes a live chat and a data room for (secure) sharing of files.