What common actually gets is written in the charter — read it, don’t guess it.
The headline valuation prices the preferred. What employees, founders and secondary buyers of common receive at an exit is set by the charter: the liquidation multiple, participation, seniority, cumulative dividends and anti-dilution of every series. This record reads those terms from the amended and restated certificate of incorporation each company filed with the SEC before its IPO — and from Delaware certificates filed for private companies — with the quoted clause behind every value. A clause that matches no pattern is reported as unstated, never inferred.
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The record latest filed charter per company, newest first
| Company | Filed | Form | Series | Structure | Receipt |
|---|---|---|---|---|---|
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Click a row for every series with its original issue price, conversion price, multiple, participation, dividends and anti-dilution — and the clause each was read from.
How this is built — and what it cannot tell you
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- Source
- The amended and restated certificate of incorporation filed as exhibit 3.x to an S-1 / F-1 on SEC EDGAR — the charter in force before the IPO — plus Delaware certificates an administrator files for private roster companies. Every field is read from that document by pattern; the quoted clause travels with the value.
- Fields
- Per series: original issue price, initial conversion price, liquidation multiple (1x when the charter says “equal to the Original Issue Price”, a stated multiple otherwise, per series when the clause names the series), participation (the NVCA “greater of preference or as-converted” is non-participating; “remaining assets among Common and Preferred pro rata” is participating, with a cap when stated), cumulative dividends and rate, anti-dilution (full ratchet, broad-based weighted average, or the NVCA CP2 = CP1 × (A+B) ÷ (A+C) formula). Stack: senior when a series is paid “before any payment to the holders of” another; pari passu when the charter says so.
- Limits
- A clause that matches no pattern is unstated — never a guess. A charter states the terms at filing; series issued afterwards are not in it. Pre-IPO charters describe companies that reached an IPO, a survivorship-shaped sample of private-market terms. The census counts each issuer once at its latest filed charter.