Didn't they try to ease stock away from those who owned it pre-IPO? How has that panned out now? … Was it converted to less valuable cash at the time, or is the

Didn't they try to ease stock away from those who owned it pre-IPO? How has that panned out now? … Was it converted to less valuable cash at the time, or is the cash more valuable now? (or was it that they got nothing in exchange for losing the stock)