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Right, but if the value was $42 a share at IPO and that is less than what the late stage investors expected, then why would they sign off on the IPO without ext
by sjg007 8y ago
Right, but if the value was $42 a share at IPO and that is less than what the late stage investors expected, then why would they sign off on the IPO without extra shares being issued?
- sk5t 8y agoThe late investors aren't forced to liquidate and any liquidation preference is extinguished at IPO... the terms of the IPO having been properly authorized, the formerly-preferred holders simply have no special say in the matter anymore.