Late-Stage Startup Liquidity: Overview | Practical Law

Late-Stage Startup Liquidity: Overview | Practical Law

An introduction to the methods that late-stage startup companies use to provide early investors, founders, and employees with liquidity for their shares while the companies remain privately held. This Practice Note examines changes in the public and private capital markets that have motivated startups to delay their IPOs and instead seek different ways of providing liquidity to their stockholders, such as by facilitating orderly negotiated secondary sales and private tender offers of their capital stock (including structured liquidity programs).

Late-Stage Startup Liquidity: Overview

Practical Law Practice Note Overview w-001-0667 (Approx. 14 pages)

Late-Stage Startup Liquidity: Overview

by Melissa Marks and Joe Green, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, with Practical Law Corporate & Securities
Law stated as of 01 Jan 2021USA (National/Federal)
An introduction to the methods that late-stage startup companies use to provide early investors, founders, and employees with liquidity for their shares while the companies remain privately held. This Practice Note examines changes in the public and private capital markets that have motivated startups to delay their IPOs and instead seek different ways of providing liquidity to their stockholders, such as by facilitating orderly negotiated secondary sales and private tender offers of their capital stock (including structured liquidity programs).