Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: fut_trade who wrote (4975)	12/23/1997 1:34:00 PM
From: LRS	Read Replies (1) of 27307

Peter, Actually, most VC funds have 2 or 3 year (sometimes more) lifecycles for their funds. So, with Sequoia you will definitely see more than 100,000 shares starting to be unraveled by them in January. IPOs are usually the liquidity event (which would not have made sense for them in this case); in this situation, I think the 600% gain this year will be enough for them. Also, this will likely take the form of distributions to their investors and not outright sales per se---which is actually worse (for longs) because the float will increase by 6 million shares (the new owners of the distributed shares will not have volume restrictions on their sales like Yang/Filo/Softbank.)

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