3 ms·

Price clears liq pref, so yup - update tomorrow with new pricing

• yueq 10y ago
  I guess the number would be different unless you have the details, e.g. their termsheets :)
  • argonaut 10y ago
    Yes, but not substantially. They raised a little under $300 million. Even if all of the money raised had a (high) 2x liquidity preference, that still leaves $3.1B to be distributed among the stock holders.
    • jakozaur 10y ago
      It depends on termsheet, but in most cases liquidation preference only hits when final price is low. Otherwise investors will pick the percentage.
      • atishd 10y ago
        In fact in this case late stage investors had a contractual right to buy shares at IPO signaling strength of company. Don't feel took naff for they investors though :)