As tech valuations fall, companies rethink stock options

When the COVID-19 pandemic emerged, Shopify Inc.’s stock soared as businesses scurrying to shift operations online turned to the e-commerce giant.

“If you’re in your early 20s and you’ve never been in a startup before, on paper, it was like ‘Wow, I can buy a cottage,’ and then all of a sudden that’s gone in a period of months, that can really be head-spinning,” said Chris Albinson, chief executive at Waterloo, Ont. innovation hub Communitech. The transition has been jarring for tech workers who grew accustomed to watching the value of their equity rise and their company hiring, funding lavish retreats and offering office perks like catered lunches and foosball tables.

Think Research has been considering changing its stock option policy for more than a year because chief executive Sachin Aggarwal feels changes will help the Toronto clinical data company “better defend its marketplace” The shift in perspective can be most extreme at companies that were raising capital at “nosebleed” rates over the last two years and have since seen their valuations decline, said Nic Beique, founder of Calgary payments company Helcim.

Now, the firm controlled by Power Corp. of Canada has seen the holding company drop its valuation of its 24 per cent stake in Wealthsimple to $492 million, down almost 50 per cent from $925 million in March.

Shitco’s

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Tech companies rethink stock options amid dipping valuation - National | Globalnews.caThe transition has been jarring for tech workers who grew accustomed to watching the value of their equity rise and their company hiring, funding lavish retreats.
Источник: GlobalNational - 🏆 81. / 51 Прочитайте больше »

U.S. and China reach landmark audit deal in boon for Chinese tech companiesDeal gives China the chance to retain access to the world\u0027s deepest capital markets if it works in practice
Источник: OttawaCitizen - 🏆 21. / 68 Прочитайте больше »

U.S. and China reach landmark audit deal in boon for Chinese tech companiesDeal gives China the chance to retain access to the world\u0027s deepest capital markets if it works in practice
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »

Tykr, the stock market education tool, is now on saleTykr Stock Screener is a well\u002Dreviewed investment management platform
Источник: financialpost - 🏆 7. / 85 Прочитайте больше »

Tykr, the stock market education tool, is now on saleTykr Stock Screener is a well\u002Dreviewed investment management platform
Источник: OttawaCitizen - 🏆 21. / 68 Прочитайте больше »