My company had been privately owned and then went public the other day. I had been looking for stock to buy so I bought one and planned on buying a couple more. But the day my purchase went through they announced an IPO cash reward for everyone except current equity holders around this time next year. They also are offering an optional ESPP to put the reward into instead of a cash payout.

    I had no idea we would be getting anything out of it especially for my position since I’m pretty much the lowest level.

    So my question is if I disqualified myself by buying this stock? Should I sell it since a single stock (even the two or three I planned to buy) will not equal the reward they will give out next year? Would that even matter at this point?

    I’ve never worked at a company that has been through this and my experience is basically just opting into whatever the company offers and letting it be managed for me and my fidelity Go and basic investment account that I hadn’t used until I bought this one stock.

    I’ve tried to ask HR but I think because of the holiday they are hardly in the office so I haven’t got a hold of anyone. In the meantime I’d like to get others input since I probably won’t get ahold of anyone until after the new year.

    Company went public and announced an IPO reward for employees after I bought stock
    byu/sundownandout inpersonalfinance



    Posted by sundownandout

    1 Comment

    1. Shouldn’t matter at all, the equity grants and ESPP are independent of your separate transactions. I wouldn’t particularly recommend buying your employers stock with cash though

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