Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Pre-IPO Secondary Sales for Early Liquidity
In this episode of The Startup Exit Podcast, Lucas and Luna explore the growing trend of pre-IPO secondary sales, where founders sell existing shares to institutional investors before the company goes public. Using Palantir as a case study—its stock recently trading at $134.71, up 2% in five days—they break down Rule 144, the Securities Act of 1933 exemptions that allow these sales, and the typical discounts (15–25%) negotiated. They discuss why founders choose to diversify risk rather than hold for the IPO pop, and how secondary markets like Forge Global and EquityZen facilitate these…
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