Experience at the three former Big Five firms to seek public funding shows that equity is overrated especially during the pre-IPO period when it is supposed to be so effective.
Indications are that attrition is subsiding.
That meant that the first 7 million shares available through options had a seemingly unreachable strike price. For the record, a KPMG Consulting spokesperson steadfastly defends the move. However, if the publicly funded startup IT consultants did one thing right, it was roll out IPOs with strike prices that were reasonable. And some of those offerings included reverse splits. Because IT service equities are risky and volatile, they pose a challenge.