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Marketability scenario
Explore how an assumed liquidity discount changes a reference share value and total position value.
Adjusted value = reference value × (1 − liquidity discount). This is a scenario, not a market quote.
The calculator reduces a reference per-share value by the selected percentage and multiplies the adjusted value by the number of shares. It also shows the difference from the undiscounted reference value.
The discount is an assumption for scenario analysis. It is not a measured market price or a substitute for a qualified valuation.
Common questions
It is an assumed reduction from a reference value to reflect that private shares can be difficult, costly, or slow to sell.
There is no standard percentage. The appropriate assumption depends on transfer restrictions, expected time to liquidity, company risk, information access, buyer demand, and transaction costs.
Not necessarily. Funding rounds may involve preferred securities with rights that common or secondary shares do not have, and the round may be stale.