3 ms·
I wonder what the purpose of this move is? I know very little about this type of thing, but it would not surprise me if this meant any IPO is a long way off. It
by jamesaguilar 16y ago
I wonder what the purpose of this move is? I know very little about this type of thing, but it would not surprise me if this meant any IPO is a long way off. It seems like they wouldn't bother making this rule otherwise.
On the other hand, perhaps it is close and they want to save their employees the grief of selling now at a much lower price than they anticipate shortly in the future?
- versus 16y agoWow! Am I reading this correctly? 8.5 BILLION shares pre-IPO? Maybe I'm missing something but with that setup they're going to either wind up becoming an instant $100 billion market cap company ASAP or wind up a penny stock. I mean for a company that can only figure out how to make a billion revenue off of 500 million users, that just seems ridiculous. Even during the dot com craze something like that would have seemed odd.