Generating Liquidity from Illiquid Assets: A Guide to Private Company Tender Offers

Christopher McKinnon published an article in ABA’s Preferred Returns in which he discussed the recent trend of private company tender offers from high-value startups and the various factors that have contributed to it.

He wrote, “High-value startups have been waiting for IPO and M&A windows to reopen and have been facing growing pressure from longtime employees and early investors to achieve an exit. These late stage companies have responded by sponsoring tender offers to generate partial liquidity.”

Read the full article.