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Companies typically switch to RSUs from option as they get closer to the IPO. Conversely if a company is offering RSUs then it’s a strong signal that they will go public within 18-24 months and also that the options have appreciated as much as they could as evaluated by private investors and so subsequent stock appreciation could only happen by public investors. Exceptions exist but it’s a good heuristic.



Awesome, thanks! TIL.




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