Joining around IPO Time?

Feb 14, 2021 6 Comments

Hi,

Wondering if anyone could share their experiences joining a company weeks before or after IPO or direct listing or spac merger?

I’m curious as to the different scenarios that could happen to your equity...

E.g Airbnb doubled its first day, was grant price locked in for RSUs if you hadn’t been there long enough yet?

Some scenarios are bad financially speaking (Slack, because it tanked for awhile after, or Airbnb which doubled its first day and has since kept going up)

#ipo #equity #offers

comments

Want to comment? LOG IN or SIGN UP
TOP 6 Comments
  • Amazon
    mode-buzz

    Go to company page Amazon

    mode-buzz
    @cholical if you expect answers, let's not play cryptic games. Either hold your emotions or be Vocal here on blind
    Feb 14, 2021 0
  • Airbnb
    DTOC82

    Go to company page Airbnb

    DTOC82
    At Airbnb, as long as you joined pre-IPO, you got the initial grant locked in at the last 409a price before the IPO, which was ~$35. Post-IPO, I think they take the average closing price of the three weeks prior to your joining. Something like that.
    Feb 14, 2021 2
    • Amazon
      mode-buzz

      Go to company page Amazon

      mode-buzz
      Just curious, specifically around the time right before IPO. I got an offer from a pre-IPO but unfortunately the company won't tell me share price at which they value. This was around a month before news came out about them filing IPO. Reason: they couldn't disclose it claiming it to legally follow the process since there were news about confidentially filed for IPO. Does that sound fishy or is it normal for others like Airbnb or Doordash around the month of Oct/Nov (before IPO)?
      Feb 14, 2021
    • Airbnb
      TUScj

      Go to company page Airbnb

      TUScj
      I joined a month or so pre-IPO and the recruiter did share the 409a valuation when I asked.
      Feb 15, 2021
  • Microsoft / Eng
    cholical

    Go to company page Microsoft Eng

    cholical
    About to join one next month. Fingers crossed
    Feb 14, 2021 1