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Holders can still band together as a single pot, like a fund which can count as only one investor. This sounds like a loophole, and now that I think if it it p
by dchftcs 3y ago
Holders can still band together as a single pot, like a fund which can count as only one investor.
This sounds like a loophole, and now that I think if it it probably is - VCs and stuff should not have been allowed to ask for money from pension funds without imposing at least some rules normally applied to public companies.
- echelon 3y agoAnd now there are startups where you can place bids on private market stock without being a qualified investor or pushing the company into a spot where it has to go public.