Photographer: Krisztian Bocsi/Bloomberg © 2016 Bloomberg Finance LPThe upcoming tech IPO boom has real estate agents and car dealers, even ice sculpture makers, preparing for what’s seen as an incoming wave of newly minted millionaires. Based on those six companies alone, Rachleff estimates that the top tech IPOs will create about 6,000 millionaires. Many tech employees receive restricted stock units (RSUs) that are taxed like cash bonuses, typically around 40%. In big tech company IPOs, he’s seen around 15% of the company’s employee base become millionaires. “Keep in mind that there’s variance around each of the estimates that gets to the ultimate number,” Rachleff says.

Source: Forbes March 19, 2019 17:20 UTC