Editorial Type:
Article Category: Research Article
| Online Publication Date: 01 Jun 2007
A Hybrid Restricted Stock/Pre-IPO Data Point: Lack of Marketability Discount for ESOPs
A Hybrid Restricted Stock/Pre-IPO Data Point: Lack of Marketability Discount for ESOPs
ASA, CFA,
ASA, CFA, and
CPA/ABV, ASA, CVA
Page Range: 42 – 44
When SAIC went public, the company and the process provided empirical support for a discount for lack of marketability to be used as a reference for ESOPs.Abstract
Copyright: © 2007 American Society of Appraisers
Contributor Notes
Peter J. Butler, ASA, CFA, Keith A. Pinkerton, ASA, CFA, and Dennis R. Reinstein, CPA/ABV, ASA, CVA, work in the Financial and Valuation Services Division of Hooper Cornell, a full-service CPA firm in Boise, Idaho.