Mercer’s Musings #5: Pre-IPO Studies/Discounts and Marketability Discounts
Chris Mercer
MARCH 29, 2024
Introduction and Conclusion My musings on the use of restricted stock discounts to estimate marketability discounts (or DLOMs) have led me to the conclusion: Restricted stock studies/discounts cannot be used to estimate DLOMs in any credible, standards-compliant manner. What is a Pre-IPO Discount?
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