Pre-IPO Liquidity
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California IPO Tax Windfall: Complicating Factors
California anticipates significant tax revenue from upcoming tech IPOs like SpaceX, OpenAI, and Anthropic. However, sophisticated tax planning, evolving stock compensation, and pre-IPO liquidity events may temper the windfall compared to past booms. While the state is poised to collect, the timing and ultimate amount remain uncertain due to employee financial decisions and potential relocation incentives.
