FloatingPancake

Wealth creation from ESOP

Hi GVers, For those who've seen their company IPO (Zomato, Nykaa, PayTM, Delhivery etc.) during their tenure, by how much did you ESOP value appreciate after the IPO? Also, how long before the IPO had you joined the company?

For those who've seen buybacks and secondary sales in their company How much did your ESOP value appreciate during such events, if any? How long ago before the event had you joined the company?

PS: I've heard ESOP value for some IPO borne companies appreciate by 2x after the IPO.

7mo ago

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SparklyWalrus

Swiggy7mo

why tf is no one commenting on this, i wanna read success stories of people becoming millionaire through ESOPS

SqueakyBiscuit

Swiggy7mo

My last org’s founders one was flipkarts and phonepe’s initial engineers they got mostly one got around 20-36 crores idk if it true but heard

Don’t think so it was ipo but some different thing

SqueakyNugget

Stealth7mo

Because no one makes money 🤑

ZestySushi

Amazon7mo

When my interview process with Amazon started in Dec 2021, value of my un-vested Zomato stocks (originally granted as ESOPs) was around 1.4 cr. Yet I was so itching for a job switch that I let go of it. . Funnily enough the hiring manager at Hotstar had even asked me to reconsider what I’m leaving behind because it’s really a princely sum and according to him Z had put such golden handcuffs on me which he couldn’t break. . Had I stayed put, those stocks would’ve been worth over 2 cr today (but of course crediting them into my demat would’ve required me to pay close to 70 lakhs in taxes) . Do I regret it? Nah

FloatingPancake

Urban Company7mo

Were you allotted ESOPs before the IPO? Did any of that ESOP vest, if yes, how much did it appreciate by after the IPO

ZestySushi

Amazon7mo

Yes, ESOPs were allotted almost 2 years before IPO. 5% vested and I exercised them at a premium (this comment by Ashneer Grover applies to me spot on 😔 https://x.com/ashneer_grover/status/1523705945414459394 ) . They were granted at face value of Rs. 40 per share. So you can calculate by how much they appreciated post IPO.