MoFo Classics: Late Stage Private Placements

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Successful privately held companies considering their liquidity opportunities or eyeing an IPO often turn to late stage private placements. Late stage private placements with institutional investors, cross-over investors and strategic investors raise a number of considerations distinct from those arising in earlier stage and venture financing transactions. During this session, we will discuss:

• Timing and process for late stage private placements;
• Terms of late stage private placements;
• Principal concerns for cross-over funds;
• Diligence, projections and information sharing;
• IPO and acquisition ratchets;
• Governance issues;
• The placement agent’s role; and
• Planning for a sale or an IPO.