> Isn't there a fourth reason for tech companies to IPO these days: let RSU-holding employees sell? The secondary market doesn't seem to solve that.
There are solutions. They're messy, but they exist. In any case, both a traditional IPO and side-winding IPO address RSU-holders' problems. And at the end of the day, having sat in on more than my fair share of underwriting discussions, employees' preferences never factor into timing nor strategy. If employees need cash, companies have an easier way to solve that problem.
There are solutions. They're messy, but they exist. In any case, both a traditional IPO and side-winding IPO address RSU-holders' problems. And at the end of the day, having sat in on more than my fair share of underwriting discussions, employees' preferences never factor into timing nor strategy. If employees need cash, companies have an easier way to solve that problem.