Tech IPOs Triggering More 'Ratchets' In Shaky Market

Law360

"A recent study shows that the percentage of initial public offerings in the technology sector that trigger so-called ratchet mechanisms, which lower the risks for late-stage investors, rose sharply in 2015, a trend attorneys expect to continue given worries about lofty private valuations and public market volatility."

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Charlie Kim Partner, San Diego
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