All Pre IPO shares will stay locked in and the period of lock-in is different for different type of stakeholders, 6 months is the least.
Most of these new age tech companies are Angel Investors,venture backed… they have large base of LPs invested at various traches of funding & large number of early employees who built the company in lieu of ESOPS unlike companies like Dmart which is promoter funded.
It’s not an apple to apple comparison.
To understand the quantum of MTM gains for PreIPO shareholders one can look at DRHPs. This is reflected in the Capital structure section where issue prices and dilution metrics are disclosed. – will not be 100% accurate but close( since secondary txns are not reflected)
Issue pricing is always subjective, events like these usually create temporary voltaility… if the underlying intrinsic value holds for the stock, it should bounce back at some point or other.
Disclosure: No holdings.
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