Re:Asana S-1
by rokobobo on Monday August 24, 2020 @10:20PM
(#24267602)
I think at least part of the motivation to IPO is that if the US has a new president starting 2021, said person has stated his intent to vastly increase capital gains taxes, probably starting with tax year 2021. Add to that increased corporate tax (which probably affects VCs' math, although I'm not sure how), there's probably a lot of people who would prefer to accelerate their taxable events.
[ Parent
| on HN ]
Any IPO at this point (combined with standard 6 month lockout) will result in capital gains being realized no earlier than 2021.
And you don't plan IPOs depending on polls. They're way too expensive and complex for that. You can accelerate the process or delay it if markets aren't receptive but the general decision to IPO won't be made because there might be an unfavorable election.