For private companies that tend to push IPO as far as possible (because early investors and founders don't need IPO anymore to take money off the table...) it is fairly common for these unicorns to extend tender offers to their shareholders. I was interested into the technical details of these offers. Airbnb, Dropbox and Slack among others have done it. Are there any of these company employees who had participated in such liquidation event here that could answer a few questions: - What was the total % of your holding you were authorized to sell? - What was the discount applied vs the preferred price given to investors at the last round of funding. (I.e investors bought shares at $10 and you were able at to sell at only $8 - because of the fact that your shares are common stocks)? - What was the impact on the 409A valuation of the company? (Did the price jumped up automatically to the tender offer price) - Was there any room for negotiations? - How long was the tender offer available? - Did your company renew the offer at subsequent fundraising rounds? - Did you regretted selling/ not selling a part/all of the allowed stocks? Thanks!
Wondering the same.