Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO
by brangalinafoeva on Thursday March 02, 2017 @12:14PM
(#13775872)
Your company would have left money on the table, but not you as an equity holder.
Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO
by vostok on Thursday March 02, 2017 @01:27PM
(#13776729)
It's not uncommon to sell your personal shares in the IPO.
Even if you don't sell your own shares, selling 10% of the company at $5 billion (no pop) is strictly better than selling 10% of the company at $3 billion (assuming a 60% pop to $5 billion). The company has more money and you own the same portion of the company.
If anything, this increases my respect for Zuckerberg and team.
I'm not really excited about the prospect of bankers lining their favored clients' pockets with my money.