31–40 of 185 posts
According to crunchbase, they raised money at a $3.25B valuation in 2012. If they are IPOing at $2.66B now, that means a lot of stock options granted in-between are going to be worthless, unless they were granted at some very different price...
In my experience incentive stock options that companies give to employees normally are heavily discounted.
Earlier quoted context omitted.
Yes, Square's private per share prices: Series A: $0.21627 Series B: Series C: $5.79817 Series D: $11.014 Series E: $15.46345 IPO @ $9 is not great for lots of folks, but mostly late-stage employees (assuming D & E investors have a liquidation preference - though I don't know for sure).
Series E investors got a ratchet guaranteeing $18.56 per share: http://techcrunch.com/2015/11/10/squares-s-1-of-ratchets-and...
edit: below comment mentions using comp rsus
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Confusingly, my browser renders that symbol () as a... square.
Chrome, it's a 't' surrounded by italicized parentheses. Unsuccessfully searched for unicode lookup to find the text description of the character. Edit: at http://www.fileformat.info/info/unicode/char/search.htm?q=%E... I found: Not sure what to make of it. Apple decided to assign to a Unicode character their logo. Does anyone have context?
Earlier quoted context omitted.
Series E investors got a ratchet guaranteeing $18.56 per share: http://techcrunch.com/2015/11/10/squares-s-1-of-ratchets-and...
what about the common? i think that was the gist of the comment...do the ESOPs pay out in preferred? edit: below comment mentions using comp rsus
Wow, that's priced at ~2.8x 2015 revenue. So low.
According to crunchbase, they raised money at a $3.25B valuation in 2012. If they are IPOing at $2.66B now, that means a lot of stock options granted in-between are going to be worthless, unless they were granted at some very different price...
In my experience incentive stock options that companies give to employees normally are heavily discounted.
Earlier quoted context omitted.
Chrome, it's a 't' surrounded by italicized parentheses. Unsuccessfully searched for unicode lookup to find the text description of the character. Edit: at http://www.fileformat.info/info/unicode/char/search.htm?q=%E... I found: Not sure what to make of it. Apple decided to assign to a Unicode character their logo. Does anyone have context?
Chrome Mac renders it correctly.