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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 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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