Did you know that 37% of companies are choosing to stay private longer than originally planned and 34% are unsure or questioning the next steps? With an evolving macro environment, increased capacity for liquidity and the growth of private capital markets, many companies are continuing to delay pursuing an IPO. Meanwhile, the expectation for liquidity events among employees and shareholders is on the rise. Even amid market uncertainty, both equity ownership and the potential for liquidity events are becoming more valuable to prospective talent than in the past. And while the tender offer remains the most common structure for providing liquidity to employees and shareholders, more companies are beginning to explore alternative paths.
This is the focus of the 2023 Liquidity Trends Report—a study and survey providing insight into the evolving private company liquidity landscape and the market conditions driving change within it. Based on the survey responses of 300+ private company leaders, this study also highlights the intersection of equity, liquidity and talent, along with the continued expansion of secondaries in the venture capital market.
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