Not an IPO, but an acquisition. The venture capitalists sold us to a public
company. I had been granted equity shares, but they weren't vested yet. They continued to vest with the new company.
I was lucky. Most of the people hired around the time I be was did not get any kind if equity or options.
A couple of years later that public company sold our subsidiary to a privately held company. All of my shares were converted again into shares of the privately held company and continued to vest.
That second conversion was fortunate. That company's stock has appreciated far faster than the public company. It's retroactively boosted my middling salary for those years to relatively generous sum. They have yearly liquidation events, but I usually don't sell. It's a nice stock that probably wouldn't ever be able to buy back.
This message has been modified
Originally posted on Jun 9, 2021 at 9:44:03pm
Message modified by Megamind on Jun 9, 2021 at 9:48:11pm