Pre-IPO Trading Platform EquityZen Is Said to Consider Sale

EquityZen Inc., a trading platform for shares in private companies, is exploring strategic options including a possible sale, according to people familiar with the matter.

The New York-based company, which is working with a financial adviser, could fetch more than $700 million in a sale, said the people, who asked to not be identified because the matter isn’t public. A final decision on pursuing a sale hasn’t been made and EquityZen could opt to remain independent, the people said.

A representative for EquityZen declined to comment.

Platforms such as EquityZen and Carta that help sell shares in private companies ...