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Welcome to the 51st edition of the Tech Financial Planning (TFP) newsletter.

When you work at a private company, the big dream for most is that your company goes IPO one day.

And while IPOs often grab headlines, it’s not the only way that you can turn your private company stock into cash.

The past few months we’ve helped several clients at two different private companies evaluate tender offers.

Tender offers are “a structured liquidity event that typically allows multiple sellers (including employees and early investors) to sell their shares either to another investor, a group of investors, or back to the company at a predetermined price. 

In other words, it’s a potential way for employees to sell their shares for cash while the company is still private”