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A comment on My company sold for $100M and I got zilch – how can that be?. Parent comment

Re:My company sold for $100M and I got zilch – how can that be? by ram_rar on Friday October 25, 2019 @07:05PM (#21360104)
How does liquidation preference work, when companies go IPO?
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Re:My company sold for $100M and I got zilch – how can that be? by yumraj on Friday October 25, 2019 @09:22PM (#21360947)
At an IPO the preferred stock holders have an option to convert to common stock, which they invariably take. It's specified in the term sheet.

As such after the IPO all stocks are common stocks which are valued at the market price.

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Re:My company sold for $100M and I got zilch – how can that be? by sidlls on Friday October 25, 2019 @09:09PM (#21360865)
For employee shareholders of common stock, their stock has the same market value that anyone who's buying for the first time through a broker sees. It's not like they are going to be forced to hand over proceeds of sales on the market back to investors.
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Re:My company sold for $100M and I got zilch – how can that be? by techslave on Friday October 25, 2019 @10:11PM (#21361200)
it doesn’t apply
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