Piper Sandler Companies has announced the launch of private markets trading, expanding its services to include trading equity shares of private companies. This new initiative is being led by three newly hired managing directors-Patrick Gordon, Kyle Mooney, and David Ilishah-who bring extensive experience in private securities from their previous roles at Forge Global. The expansion aims to meet the growing demand for liquidity solutions in the private market, allowing clients to invest in high-growth private businesses or monetize illiquid positions before they go public.