Introduction
When you're ready to sell shares in your company, Ledgy provides a direct way to create market orders. A market order is an instruction to sell your shares immediately at the best available price. This guide explains how to navigate the selling process through Ledgy's platform.
Prerequisites
Before you can sell your shares:
Your company must be public with trading enabled.
You must have shares available to sell.
No blackout periods are in place for your company.
You have accepted the terms and conditions when you were first invited to Ledgy.
You have entered your tax information in Settings > Personal details
How to Sell Your Shares
Step 1: Access the Sell Feature
Log into your Ledgy account
Navigate to your dashboard
Find your available shares
Click on "Sell Shares" to begin the process
Step 2: Specify Your Sale Details
Choose how many shares you want to sell:
Sell all shares
Specify a specific quantity
Review the current share price and estimated proceeds
Understand the fees that will be applied:
Trading fees
Currency conversion fees (if applicable)
Bank transfer fees
Step 3: Add Your Bank Details
Provide your bank account information where you want to receive the proceeds.
Ensure your bank details are accurate to avoid payment delays.
Note that your bank currency and transfer type determine your payment fees (currency conversion and bank transfer fees).
Step 4: Review and Confirm
Review all sale details:
Number of shares to sell
Estimated proceeds
Total fees
Net amount you'll receive
Read and accept the market order disclaimer.
Submit your sell order.
Important Information About Market Orders
Market orders are processed during trading hours.
Orders are typically filled quickly, but timing can vary based on market conditions.
You'll receive confirmation on your selling card in your dashboard once your order is fulfilled.
The final sale price may differ from the estimated price shown when placing your order.
Need Help?
If you encounter any issues during the selling process:
Check your order status in the dashboard
Contact your equity administrator
Reach out to Ledgy support for assistance