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What of the employees? Five days ago the Financial Times reported on Airbnb lowering its internal valuation from $31 billion to $26 billion. They also mention

What of the employees? Five days ago the Financial Times reported on Airbnb lowering its internal valuation from $31 billion to $26 billion. They also mentioned the delay of any IPO and said this: >The push to go public was motivated, in part, by expiring stock options held by staff. What happens to the employees in this situation?

coke12 7y ago
They have to take out loans and exercise their options before they expire.
- thebean11 7y ago
  > exercise their options before they expire Usually employee options don't expire until some amount of time after you leave the company
  - nemo44x 7y ago
    Not true. Most options expire 10 years from grant date regardless of your employment status. This means fully vested option holders have 6 years from grant to exercise.
    - jzl 7y ago
      Yep, and according to things I've previously read, AirBnb switched to RSUs in 2014 and those all have a 7 year expiration date.
      - thebean11 7y ago
        I'm only familiar with RSUs in a public company, how can an RSU expire after vest? I thought once it lapses you simply own a share.
        enra 7y ago
        Taxes. If company is not public, and the RSU converts, employees are hit with 30-50% income tax for the stock value you cannot easily sell.
        yibg 7y ago
        Probably some sort of double trigger RSU, where the trigger event is likely an IPO or acquisition.