Lehi-based MX is looking to IPO or get acquired

Jan 11, 2022
10:12:19am

Kolipoki Starter

I almost took a job there last year. Now I wish I had.

Fintech start-up MX names new CEO as firm prepares for sale or IPO

MX is one of a handful of infrastructure companies that have helped facilitate the growth of the fintech ecosystem in recent years.

https://www.cnbc.com/2022/01/11/fintech-start-up-mx-names-new-ceo-as-firm-prepares-for-sale-or-ipo.html

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Kolipoki

Bio page: Kolipoki
Joined: Sep 16, 2017
Last login: Apr 25, 2024
Total posts: 2,045 (26 FO)

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Messages

Author

Time

Lehi-based MX is looking to IPO or get acquired

Kolipoki

1/11/22 10:12am

Meh, Utah tech companies screw their employees all over with IPOs or aquisitions

Chefcurry

1/11/22 10:14am

That was my thought as well.

dYrtbYkerYder

1/11/22 10:16am

You're not wrong, that happened to me at my last company.

Kolipoki

1/11/22 10:19am

Yep same here. I was promised a lot and go absolutely nothing when my tech

Chefcurry

1/11/22 10:28am

I know a couple of people within the 75 employees and they got paid very well.

Dynomite

1/11/22 11:14am

What positions? My buddy was in customer success.

Chefcurry

1/11/22 11:32am

If you would have joined last year you would have received basically nothing.

The_Cuss

1/11/22 10:18am

It really just depends on the company. You can get a lot of stock fast from some

dYrtbYkerYder

1/11/22 10:27am

Not 1 year pre IPO. And if you do, the adjusted equity price isn’t close

The_Cuss

1/11/22 10:42am

I hear what you're saying, but it doesn't apply to all situations.

dYrtbYkerYder

1/11/22 11:00am

Yeah, there are always outliers.

The_Cuss

1/11/22 11:08am

Don't modern start ups give employees basically nothing compared to

Windward_Coug

1/11/22 10:27am

Or they give them a lot up front, then dilute it like crazy before going public, it seems

Mike Honcho

1/11/22 10:37am

Particularly in Utah.

dYrtbYkerYder

1/11/22 10:42am

I work for a startup that's planning on going public this year. Was hired last June. I got plenty of equity along with

Vincent's Picks

1/11/22 10:45am

That’s awesome, but it’s nothing like others received early on. Good luck with

The_Cuss

1/11/22 10:49am

Even though tech startups sell you the sky hardly anyone makes real money on the exit. But people continue to bite on

YIsForBrigham

1/11/22 10:54am

Agree 100%

The_Cuss

1/11/22 11:07am

Agreed, I was one of the first 6 of a company that sold for $1bil, I had a ton of shares but through the multiple rounds

Mobojo

1/11/22 2:28pm

That sucks man. But people should really hear these kinds of stories more often. The pot of gold at the end of the exit

Fintech start-up MX names new CEO as firm prepares for sale or IPO

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