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It depends on termsheet, but in most cases liquidation preference only hits when final price is low. Otherwise investors will pick the percentage.
by 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 agoIn 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 :)