Row 32203

Row ID: 32203 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 32203 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I worked for about 20 years for an employee-owned company (ESOP), before it was purchased by a publicly traded company. The biggest difference to me was in the liquidity of the investment. With the privately-held company we could only sell or buy shares quarterly during a short trading window. An independent firm would value the company each quarter and that's how the shares would be valued (value/shares). The company offered a discount if you signed up for a regular payroll investment plan (i.e., a percent of your salary). They also used stock shares as part of their bonus program and, in really good years, would add some stock to employee 401ks. I liked the program and was happy to get some equity. A drawback that I did not face was that you had to sell off your shares within a relatively short time period when you left the company (it differed between retirees and those leaving for a competitor).

Hopefully someone else can chime with insights about the conversion to publicly traded. My first question would be how much of the company will be sold to public investors - all of it or a set percentage? My second question would be to ask if there will be different classes of shares between existing and new/public stockholders, or if all of the existing shares will be sold as part of the sale of the company (i.e., ESOP shares converted to new shares or cash)? With my company sale it was a full sale. We got a mix of cash and shares of the new company, but we could make some selections as to the percent of each we wanted.

FieldValue
text I worked for about 20 years for an employee-owned company (ESOP), before it was purchased by a publicly traded company. The biggest difference to me was in the liquidity of the investment. With the privately-held company we could only sell or buy shares quarterly during a short trading window. An independent firm would value the company each quarter and that's how the shares would be valued (value/shares). The company offered a discount if you signed up for a regular payroll investment plan (i.e…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-21
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Raw Record

{
  "text": "I worked for about 20 years for an employee-owned company (ESOP), before it was purchased by a publicly traded company. The biggest difference to me was in the liquidity of the investment. With the privately-held company we could only sell or buy shares quarterly during a short trading window. An independent firm would value the company each quarter and that's how the shares would be valued (value/shares). The company offered a discount if you signed up for a regular payroll investment plan (i.e., a percent of your salary). They also used stock shares as part of their bonus program and, in really good years, would add some stock to employee 401ks. I liked the program and was happy to get some equity. A drawback that I did not face was that you had to sell off your shares within a relatively short time period when you left the company (it differed between retirees and those leaving for a competitor).    \n\nHopefully someone else can chime with insights about the conversion to publicly traded. My first question would be how much of the company will be sold to public investors - all of it or a set percentage? My second question would be to ask if there will be different classes of shares between existing and new/public stockholders, or if all of the existing shares will be sold as part of the sale of the company (i.e., ESOP shares converted to new shares or cash)? With my company sale it was a full sale. We got a mix of cash and shares of the new company, but we could make some selections as to the percent of each we wanted.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
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