Low 409A – More Than Meets The Eye
Early stage start-ups often hope to grant stock options at the lowest possible price. The motivations are clear especially when an optionee plans to exercise immediately upon the grant. Other situations are not always so clear-cut. We discuss several ways of how lowball valuations can backfire.
ASC 820 Portfolio Valuation Webinar
The following discussion is provided from a valuation specialist perspective. The information contained in this presentation is not meant to be investment, tax or financial reporting advice. Please consult with a qualified professional for further information on your specific situation.
Updated Common Stock Valuation Guidance
Valuation of privately issued securities is a major concern among founders, employees, regulatory agencies and investors. Meaningful value conclusions help measure performance, assess strategic alternatives, and facilitate dialog among various stakeholders.
LendingClub 3Q 2011 Vintage Update
LendingClub has issued over $7 billion of notes, funded by retail and institutional investors, through its state-of-the-art lending platform. The notes are straightforward fixed rate loans that retail borrowers (and now businesses) pay off in three or five years. While the payment plan is simple, there is nothing trivial about calculating true investment performance.
Biotech Stock Trading Patters and Volatility
Biotechnology companies, especially those that concentrate on developing therapeutic candidates, tend to experience large ups and downs associated with the progress of their clinical programs. An individual therapeutic candidate can promise billions in potential sales, while the likelihood of making it from pre‐clinical stages to full marketing approval by the FDA can be de minimis. Every success or failure on this path can lead to significant changes in value.