3 ms·
Agreed that the press does go around using this $70B number as a valuation. If the company IPO'd at less than $70B it would similarly be reported as a dud. Recr
by xocyabencl 9y ago
Agreed that the press does go around using this $70B number as a valuation. If the company IPO'd at less than $70B it would similarly be reported as a dud. Recruiters also use the $70B when offering stock options. And I'm sure it feels like a haircut to those employees who just sold their stock at a $49B valuation.
- brucephillips 9y ago> I'm sure it feels like a haircut to those employees who just sold their stock at a $49B valuation. Probably not. The strike is likely at a much larger discount.
- linkregister 9y agoAll of the employees who sold in this tender offer have options, which have a maximum strike of less than $20 per share for common stock. Only RSUs were issued after early 2015. Uber’s valuation was $40B then.
- sulam 9y agoI've only got two IPOs under my belt, but both cases the 1st trade settled above the preferred price in the last round. I think that's fairly typical, fwiw.
- xocyabencl 9y agoHaving the stock after IPO trade at the old preferred price represents a significant increase of the actual value of the company, even though it's not usually reported as such.