Tenders & Liquidity
Everyone knows about IPOs, but as private companies are staying private longer, there are other paths to liquidity. Explore how tender offers, secondary sales, and other events give employees and investors opportunities to turn equity into cash before a big event.
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Understanding Eligibility: Who Can Sell in a Tender, and How Much?
Tender offers can be an exciting opportunity to turn private company equity into cash. But if you’re preparing to participate, you might quickly realize it’s not always as simple as selling everything you own. Companies typically set eligibility rules and seller limits to control who can participate – and how much they can sell.
The Benefits of Company-Led Tenders for Employees, Issuers, and Investors
Private companies are staying private longer than ever, which means employees and early investors often wait years before an IPO or acquisition, or in other words, an opportunity to receive cash in exchange for their equity. That’s where company-led tender offers come in. Unlike ad hoc secondary sales, which are often blocked, tenders are organized...