How S.F. companies turn stock options into cash — without an IPO

Jason Zhu bought his first house late last year. In the overheated Bay Area market, he needed as much cash as possible. Fortuitously, at the same time, his employer, mobile-game developer Kabam, arranged for employees and early investors to cash out some of their stock options, even though the company has no current plans to go public. Read More.

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