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Being able to sell shares would imply it's a public company, not a private one, right?
by Groxx 9y ago
Being able to sell shares would imply it's a public company, not a private one, right?
- vishnugupta 9y agoI believe the parent is referring to buy back event. In India, Flipkart has done that a few times delivering a handsome cash windfall to it's employees.
- JumpCrisscross 9y ago> Being able to sell shares would imply it's a public company, not a private one, right? "Public" means your shares are registered [1]. "Private" usually means shares offered under Rule 506 of Reg D [2]. Public and private shares can be bought and sold. The processes, and their respective ease and restrictions, vary. Palantir [3] and Airbnb [4], for example, recently bought back their employees' shares. [1] https://www.sec.gov/fast-answers/answersregis33htm.html https://www.sec.gov/fast-answers/answersregis33htm.html [2] https://www.sec.gov/fast-answers/answers-rule506htm.html https://www.sec.gov/fast-answers/answers-rule506htm.html [3] https://www.nytimes.com/2016/06/29/business/dealbook/palantir-buyback-plan-shows-need-for-new-silicon-valley-pay-system.html https://www.nytimes.com/2016/06/29/business/dealbook/palanti... [4] https://www.nytimes.com/2016/08/12/technology/airbnb-and-others-set-terms-for-employees-to-cash-out.html https://www.nytimes.com/2016/08/12/technology/airbnb-and-oth... Disclaimer: I am not a lawyer. This is neither legal nor investment advice.