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4min chapter
The Slack DPO
Acquired
How Do You Manage a DPO?
In a DPO, the only shares that start trading are all the existing shares. So there's no lockup period. Employees can sell right away. Great benefit to employees. There's nice liquidity in the market for your new shareholders to have something to buy. It's organized. It's not just chaos. Yes. But it is much more sort of, you can think of it as like algorithmic rather than this previous process which was based on order books built during the roadshow process.
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