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by benj111
2473 days ago
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Right, but that liquidation preference would be junior to all other liquidation preferences, and they've already raised over $12bn, its also junior to debt, and they were seeking to raise $6bn as part of this floatation, plus whatever other debt they have. So quite clearly given that liquidation preference is now potentially worthless, they do need to base their valuation on some kind of reality. |
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