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Last round price

Also called: last preferred price, most recent round price

In one line

The per-share price investors paid in the company's most recent funding round — a common starting point for valuing shares.

In plain English

The last round price is the freshest market signal of what the company is worth, but it's the preferred price. Your common shares are typically worth less after discounts.

If you were explaining it to a 5-year-old

The price the newest investor paid for a toy — a good clue to value, though your plain toys are worth a bit less.

Why it matters when you sell

Secondary prices are usually quoted as a discount to the last round price, so it's the anchor for any sale negotiation.

Related terms

Secondary pricePreferred stockDiscount for lack of marketability (DLOM)Implied valuation

Put it to use

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Sources

A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.

Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.