Why do preferred shares automatically convert in case of an IPO?

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Fundamentals Of Entrepreneurial Finance

ISBN: 9780199744756

8th Edition

Authors: Marco Da Rin, Thomas Hellmann

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Question Posted: Apr 18, 2024 06:00 AM

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Why do preferred shares automatically convert in case of an IPO?

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Preferred shares automatically convert in case of an IPO because they are typically issued wi...View the full answer

Fundamentals Of Entrepreneurial Finance

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