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by dankohn1
3813 days ago
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409(a) valuations of common stock are often 15 to 20% of the preferred. You can see why with Foursquare, where they may get bought out at a low value that doesn't return any capital to common at all. If the preferred price had been $20, options might have been granted at $4. If this round is at $10, the $4 options are not "underwater". |
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