Using Pre-IPO and Restricted Stock Data to Estimate Discounts for Lack of Marketability

Shannon Pratt is managing owner of Business Valuation Resources, LLC, publisher of the monthly newsletter Shannon Pratt's Business Valuation Update. He is author or co-author of eight books on business valuation, including Valuing a Business with Robert Reilly and Robert Schweihs, and Guide to Business Valuations^® with Jay Fishman. His forthcoming book is Business Valuation and Taxes: Procedure, Law and Perspective, co-authored with Judge David Laro.