> For a company that needs hundreds of millions of dollars and is trying to beat Amazon? Let's say 3x.
Jet.com raised its A, A1, B1 and B2 with 1x liquidation preferences. Common will get a pay-out.
Since all of Jet's preferred stock is non-participating, their holders will probably receive a dividend, convert to common and then participate alongside everyone else. (All Jet preferred stockholders get an 8% dividend except A1, who got a flat 48ยข per share, so that's a bonus $45 or so million to preferred.)
Jet.com raised its A, A1, B1 and B2 with 1x liquidation preferences. Common will get a pay-out.
Since all of Jet's preferred stock is non-participating, their holders will probably receive a dividend, convert to common and then participate alongside everyone else. (All Jet preferred stockholders get an 8% dividend except A1, who got a flat 48ยข per share, so that's a bonus $45 or so million to preferred.)