Different from listed companies, it is much more difficult for non-listed companies to determine the stock purchase price without the corresponding stock market price as the pricing basis when making employee stock ownership and management buyout plans.
Non-listed companies in the United States usually use professional evaluation of enterprise value to determine the intrinsic value of each share of the enterprise and use it as the basis for the sale price of equity.
Extended data
When some non-listed companies in China implement employee stock ownership and management buyout plans, the equity price is generally determined by the net asset value per share, and the equity price of some enterprises is simply determined by the par value of ordinary shares.
For example, the exercise price of stock options granted by Wuhan State-owned Company to unlisted companies and limited liability companies is determined as "the shares held by the legal representative of the enterprise according to the net assets of the enterprise in the audited year".
At present, it has become a widely used way to use partial premium based on net assets per share or face value of shares as the basis of transaction price.
Baidu Encyclopedia-Unlisted Company