Impact of Secondary Liquidity on 409A Valuations

Published

December 10, 2017

Curtis Mo, Partner at DLA Piper, explains the potential impact a secondary liquidity event can have on a private company’s 409A valuation.

Featured Experts

Curtis Mo

Partner, Corporate, Curtis has represented emerging growth companies, major public companies, investment banks, venture capital funds and private equity funds in hundreds of public offerings, mergers and acquisitions, buyouts, venture capital financings and other complex transactions. He has extensive experience in corporate governance matters and regularly acts as general outside counsel to public and private companies at all stages of development, particularly in the technology, life sciences, clean energy technology and consumer sectors.

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We are a market leader in facilitating private company liquidity. Since 2013, we have facilitated liquidity programs on behalf of 120+ private companies.

Key Offerings

  • Tender Offers/Buybacks

  • Secondary Captial Introductions

  • Auctions

Through organized auctions, fund managers can provide liquidity to current investors while broadening access to new investors.

Key Offerings

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  • '40 Act Registered Funds

  • Auction Funds