Restricted stock discounts decline as result of 1-year holding period

Business Valuation UpdateVol. 6 No. 5
May 2000
Kathryn F. Aschwald
discounts & premiums
restricted stock, restricted stock study, securities and exchange commission (SEC), discount for lack of marketability (DLOM), gelman study, holding period, initial public offering (IPO)

Summary

This article addresses the changes in the marketplace for restricted securities that have occurred since 1990 and the impact that those changes have had on the overall level of discounts for lack of marketability for these securities.