IPOGO typically charges sellers a 5% fee when the transaction closes. Fees may be reduced for larger sales. The Placement Fee is paid to IPOGO Securities LLC ("IPOGO Securities"), our SEC-registered affiliated broker-dealer and member of FINRA. Where possible, your Placement Fee will be netted from the purchase price for your shares, which is held in an escrow account. This means that at closing, you will receive the purchase price for your shares less any Placement Fee that is due. The Placement Fee will be held in the escrow account, pending closing and satisfaction of other applicable contingencies. The Placement Fee will then be released from escrow to IPOGO Securities. Where netting of your Placement Fee is not practically feasible, your Placement Fee is required to be paid immediately upon closing of the sale of your shares. The precise mechanics will be disclosed further in the Placement Agreement you sign in connection with the sale of your shares. Please consult our deal team if you have any questions on whether your fee will or will not be netted from your sale proceeds. Please note that there may be additional costs associated with completing a sale that are not imposed by or paid to IPOGO. Your company may require a legal opinion in connection with a sale, which typically costs $1000-$1500. We can refer you to an attorney who issues these opinions if you need. Your company may also charge you a transfer fee to cover their costs associated with a sale, which typically ranges between $1000-$3000.

FAQs Archive - Page 3 of 11

Q: Why do I need my Grant Documents?

In order to determine whether or not your equity is transferrable and can be sold, we'll need to review your shareholder documents.

Q: What if I own multiple classes of stock?

That's fine. If you own multiple classes of preferred stock, please fill out the form with one class. After you complete the form, you'll be able to click "Add Equity Details" and fill out a new form with second class of preferred stock.

Q: What if I can’t find my company?

No worries. Select the choice that shows the text you have input. We'll handle the rest on our end and we'll reach out if we have any further questions.

Q: What's the difference between Individual, Entity, and IRA?

Individual means you hold shares in your own name. Entity means you hold the shares outside of your own personal name (eg. trust, LLC, etc.). It's also possible (though uncommon) to hold shares in an LLC.

Q: Can I sell unvested RSUs?

We cannot transact in RSUs. All equity holdings must be converted to common or preferred shares and fully vested and owned by you in order to transact on the IPOGO platform.

Q: Do I need board level approval to sell my shares on IPOGO?

It depends on the company and the provisions it has in place regarding employee stock options. Our deals typically do not require board approval.

Q: How do you price the shares?

We use the last financing round of the company as a benchmark for the share price. Other factors that determine the price are publicly available information, investor demand, pricing history from past secondary transactions, etc. Typically, IPOGO works with the seller to determine price per share for each investment opportunity.

Q: Can I sell my options?

IPOGO only provides liquidity for vested shares. However, the liquidity can be provided in conjunction with the exercise of vested options.

Why do I need my Grant Documents?

By minixpower|2021-01-10T23:22:15+00:00January 10, 2021|Shareholder - Exploring a Sale|

In order to determine whether or not your [...]

0

What if I own multiple classes of stock?

By minixpower|2021-01-10T23:21:39+00:00January 10, 2021|Shareholder - Exploring a Sale|

That's fine. If you own multiple classes of [...]

0

What if I can’t find my company?

By minixpower|2021-01-10T23:20:35+00:00January 10, 2021|Shareholder - Exploring a Sale|

No worries. Select the choice that shows the [...]

0

What’s the difference between Individual, Entity, and IRA?

By minixpower|2021-01-10T23:19:58+00:00January 10, 2021|Shareholder - Exploring a Sale|

Individual means you hold shares in your own [...]

0

Why does IPOGO need my address (business)?

By minixpower|2021-01-10T23:19:03+00:00January 10, 2021|Shareholder - Exploring a Sale|

US anti-money laundering regulations require financial services businesses, [...]

0

Can I sell unvested RSUs?

By minixpower|2021-01-10T23:17:28+00:00January 10, 2021|Shareholder - Getting Started|

We cannot transact in RSUs. All equity holdings [...]

0

Do I need board level approval to sell my shares on IPOGO?

By minixpower|2021-01-10T23:16:41+00:00January 10, 2021|Shareholder - Getting Started|

It depends on the company and the provisions [...]

0

What are your fees?

By minixpower|2021-01-10T23:15:37+00:00January 10, 2021|Shareholder - Getting Started|

IPOGO typically charges sellers a 5% fee when [...]

0

How do you price the shares?

By minixpower|2021-01-10T23:14:16+00:00January 10, 2021|Shareholder - Getting Started|

We use the last financing round of the [...]

0

Can I sell my options?

By minixpower|2021-01-10T23:13:20+00:00January 10, 2021|Shareholder - Getting Started|

IPOGO only provides liquidity for vested shares. However, [...]

0