57 ms·
What are the terms that are relevant at IPO? Is it just that minimum price thing? It does seem like downside protection would be valuable but when you think ho
by pbreit 11y ago
What are the terms that are relevant at IPO? Is it just that minimum price thing?
It does seem like downside protection would be valuable but when you think how few of the unicorn will actually liquidate, you start to realize the valuations are real.