Jefferies

The venture capital secondary market has grown beyond expectations this year, with deal volume estimated at around $152 billion annually according to analysts at Jefferies and Evercore. Forecasts from William Blair and Preqin suggest the market could reach as much as $250 billion in the coming years, reflecting strong demand for liquidity among startup investors and employees.

Jefferies has named its preferred internet stock in Australia, according to an Investing.com report. The brokerage's pick gives investors a read on which listed Australian internet company it sees as best positioned. Details of the chosen stock and the reasoning behind the call were not included in the headline cited, and market reaction has not yet been reported.