Tender Offers

Run Employee Tender Offers With Full Control

Offer liquidity to your team and early stakeholders through structured employee tender offers,all managed from your cap table. No legal friction. No compliance surprises. Full transparency, full control.
Total Liquidity Unlocked
$250+ Mn
Total number of structured liquidity programs
35+
Total Number of participants
25,000

Benefits of Qapita's Tender Offer Software

Structured Liquidity, Compliant from Day One

Run private company tender offers without the legal overhead. We bake in compliance from the start: board documentation, eligibility rules, tax treatment, so your finance team isn't firefighting mid-process. Timing, participation, and payouts: all clearly defined before you launch.

From Board Approval to Settlement in One Place

Employee tender offers typically sprawl across email, spreadsheets, and counsel calls. We consolidate it: board sign-off, employee communications, cap table updates, settlement instructions. One source of truth. One timeline. One less thing to coordinate.

Global Payouts. Local Tax Rules. No Surprises.

US employees withholding. India exchange controls. Singapore eligibility thresholds. We handle tax treatment and regulatory nuances across jurisdictions so you don't have to thread needles with your accountant.

Features that make every liquidity event easy

Founder-Led Liquidity

Built for Leadership-Driven Events

Employee tender offers work best when they're intentional, not reactive. Qapita supports liquidity programs initiated by the company or founding team, with workflow automation that keeps every step visible and coordinated. We help you define goals, participant scope, and eligibility criteria. Whether it's employees, early team members, or select long-term contributors. We focus on alignment, not ad hoc transactions.
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Cap Table Integration

Tailored to Your Cap Table, Team, and Stage

Every private company tender offer is different. Our Cap Table Integration ensures your data stays single-source-of-truth while you determine participation limits, eligible stakeholders, valuation or price logic, and timing. All while protecting cap table integrity and ensuring governance standards are met. No manual syncing. No version conflicts.
Approvals and Documentation

No Missed Steps from Resolution to Offer Acceptance

Compliance and Tax rules are non-negotiable. We support board and shareholder approvals, draft offer letters, track consents, and ensure the entire transaction is documented clearly and defensibly. Everything is structured to be audit-ready and fully-documented, so your legal team and auditors have what they need without the back-and-forth.
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Employee and Stakeholder Communications

Clear, Transparent, Trusted​

Participant Portals give employees visibility into the offer, their eligibility, tax implications, and payout timeline. We help you prepare internal FAQs, run sessions, and answer common questions around participation, tax, and liquidity outcomes. Private market liquidity is meaningful, but only when people understand what they're opting into.
One Platform, One Team

Software Enabled. Expert-Led​

We combine structured workflows with white-glove support. Post-Settlement Integration means cap table updates, equity records, and stakeholder data sync automatically, so you're not manually stitching together systems after close. Qapita gives you visibility into every step, but we also stand beside founders, CFOs, and legal teams to deliver a seamless employee tender offer with confidence.

Unlock liquidity without losing control

Plan, manage, and execute tender offers while being transparent, compliant, and stress-free​
Testimonial

Words from our valued customers

I’m glad to be able to offer the opportunity for our employees despite being less than 3 years into our journey. We’re also grateful for the advice and support from the Qapita team, which made it easy to administer and execute this buy back
JJ Chai
CEO, and Co-Founder, Rainforest

Why use tender offer management software?​

Employee tender offers demand precision across valuations, communications, acceptances, and reporting, especially when your team spans multiple geographies and jurisdictions. Tender offer management software replaces spreadsheet chaos with a consistent, auditable process that keeps compliance, timelines, and private market liquidity programs on track.
FAQs

Frequently asked questions

What is a private company tender offer?

A private company tender offer is when a company or approved buyer offers to purchase shares from existing shareholders at a set price within a defined window. It lets employees and early investors sell part of their equity while the company stays private.

What is an employee tender offer?

An employee tender offer lets current or former employees sell vested shares or options back to the company, or an approved buyer, usually at a price tied to the latest valuation. It gives employees liquidity without waiting for an IPO or acquisition.

How does employee tender offer software help companies?

It replaces spreadsheets with automated workflows for eligibility, valuation, communications, and settlement. This reduces errors, keeps your cap table accurate, and simplifies compliance across tax and jurisdiction rules.

What are the benefits of an employee tender offer?

Employee tender offers boost retention by letting employees realize real value from equity, ease cap table pressure from long-vested shares, and show prospective hires that equity actually pays off.

Why do startups offer employee tender offers?

Startups use employee tender offers to reward long-tenured employees and reduce retention risk when an IPO or acquisition is still years away. It proves equity has real, near-term value.

How do you run a tender offer for a private company?

You define goals and eligible participants, set price and participation limits, get board and shareholder approval, communicate terms to employees, then settle transactions and update the cap table.

Who can participate in a private company tender offer?

Eligibility is set by the company i.e. often current employees, former employees with vested equity, or early team members. It depends on vesting status, tenure, and jurisdiction-specific rules.

What is an employee liquidity program?

It's any structured way for employees to convert vested equity into cash before a company exits, including tender offers, buybacks, or secondary sales. Companies typically initiate it to support retention.

What is secondary liquidity for private company employees?

Secondary liquidity is when employees sell vested shares to an outside buyer, like a VC or secondary fund, instead of the company. It's one path to private market liquidity alongside company-run tender offers.

What is the difference between a tender offer and a secondary sale?

A tender offer is company-initiated, with set terms offered to all eligible employees at once. A secondary sale is typically a one-off deal between one shareholder and one buyer.

What is an employee buyback program?

It's when the company itself repurchases vested shares directly from employees using company cash. It's a specific type of tender offer where the company is the buyer.

Difference between employee buyback vs. tender offer?

A buyback means the company buys back shares directly. A tender offer is a broader concept, it can involve the company or outside investors buying from employees under company-set terms.

Can Qapita tailor a tender offer to our specific cap table and team structure?

Yes. Qapita helps set participation limits, eligible stakeholders, pricing logic, and timing based on your cap table and team, all while protecting governance standards throughout.

How does Qapita support the end-to-end tender offer process?

Qapita handles goal-setting, eligibility, board approvals, offer letters, employee communications, and settlement, combining software workflows with hands-on support from founders to legal teams.

How secure and compliant is Qapita's platform for tender offers?

Qapita holds ISO 27001, SOC 2, and GDPR certifications for enterprise-grade data security. Tender offers include built-in approval tracking, audit-ready documentation, and jurisdiction-specific tax compliance.

What kind of support can we expect from Qapita during the process?

Qapita pairs its platform with white-glove support, helping prepare employee FAQs, running info sessions, and staying involved from board approval through final settlement.

Run a Seamless Tender Offer with Qapita

From design to execution, streamline tender offers with end-to-end support.
Tender Offers

Manage Employee Tender Offers with Confidence

Enable structured tender-offer liquidity for your team and early stakeholders easily through an integrated liquidity solution connected to your cap table. All without compromising compliance, alignment, or control.​

Recognized as a Global Leader on G2

We are ranked the best in Customer Satisfaction, Enterprise and Mid-Market.

Benefits of Qapita’s tender offer software ​

Structured liquidity, the right way​

We help companies run controlled, compliant tender offers, where timing, participation, and outcomes are clearly defined from the start.​

From planning to payout​

Whether you’re organizing your first tender or formalizing an internal process, we support you at every step. From board approvals to communications and settlement.​

Global teams with local nuances

Employees in the US, India, Singapore, or beyond? We help you navigate tax treatment, exchange controls, withholding, and eligibility across jurisdictions.​

Features that make every liquidity event easy​

Founder-Led Liquidity

Built for leadership driven events​

Qapita supports liquidity programs initiated by the company or founding team. We help you define the goals, participant scope, and eligibility criteria. Whether it’s employees, early team members, or select long-term contributors. We focus on alignment, not ad hoc transactions.​
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Scope and Structure the Offer

Tailored to your cap table, team, and stage​

Every tender is different. We help you determine participation limits, eligible stakeholders, valuation or price logic, and timing. All while protecting cap table integrity and ensuring governance standards are met.​
Approvals and Documentation

No missed steps from resolution to offer acceptance​

We support board and shareholder approvals, draft offer letters, track consents, and ensure that the entire transaction is documented clearly and defensibly. Everything is structured to be audit-ready and fully-documented.​
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Employee and Stakeholder Communications

Clear, transparent, trusted​

We help you prepare internal FAQs, run sessions for employees, and answer common questions around participation, tax, and payout. Liquidity is meaningful, but only when people understand what they’re opting into.​
One Platform, One Team

Software enabled. Expert-led​  ​

We combine structured workflows with white-glove support. Qapita gives you visibility into every step, but we also stand beside founders, CFOs, and legal teams to deliver a seamless liquidity event with confidence.​
Testimonial

Words from our valued customers​  ​  ​

I’m glad to be able to offer the opportunity for our employees despite being less than 3 years into our journey. We’re also grateful for the advice and support from the Qapita team, which made it easy to administer and execute this buy back
JJ Chai
CEO, and Co-Founder, Rainforest
Pain Points Address:
“The idea of granting liquidity to my employees was always a headache once the sheer amount of administrative work came into the picture. However, with Qapita’s solution, all this was streamlined and documentation was all automated. This immensely eased the burden on both my employees and I.”

Valued Added:
“By using Qapita’s equity management solution as well, our equity records were fully reconciled at the end without a hitch. Qapita has solidified itself as a one-stop solution for all our equity needs thus far.”

Real-time Support:
“The Qapita team diligently guided not just me but also my employees throughout the process. They were extremely responsive and on the ball – I felt well supported and could always receive an answer to my queries relatively quickly.”
Vineet Bansal
Co-Founder, OnGrid
I’m glad to be able to offer the opportunity for our employees despite being less than 3 years into our journey. We’re also grateful for the advice and support from the Qapita team, which made it easy to administer and execute this buy back
JJ Chai
CEO, and Co-Founder, Rainforest
Presence

Helping you elevate your equity management

Total Liquidity Unlocked
$250+ Mn
Total number of structured liquidity programs
35+
Total Number of participants
25,000
Annual Valuation Reports Prepared
500+
Private Companies
2800+
Listed Companies
100+
Employee Equity Under Management
US $15bn+
Equity Under Management
US $67bn+
Companies Served
2400+
Countries Covered
60+
Stakeholders on Platform
500,000+
Equity Plans Designed
1000+
Valuation Reports per Year
500+
Qapita works with companies across the globe from Seed Stage to Listing and Beyond

Unlock liquidity without losing control

Plan, manage, and execute tender offers while being transparent, compliant, and stress-free​
Other Offerings

Liquidity solutions you can trust

Cap Table Management

Track, issue, and report equity in one secure platform that grows with you, keeping ownership clean, compliant, and transparent.

Equity Compensation Advisory

Expert guidance to design equity programs that align with your goals, stage, and people — tailored, not copy-paste.
409a Valuations

409A Valuations

Get independent, audit-ready 409A valuations from qualified analysts who understand your business — no shortcuts, no surprises.
FAQs

Frequently asked questions

Can Qapita tailor a tender offer to our specific cap table and team structure?

Absolutely. No two companies are alike. Qapita customizes each liquidity program based on your company stage, equity structure, and participant mix, whether that includes employees, founders, or select investors.

How secure and compliant is Qapita’s platform for tender offers?

Qapita’s platform is built with enterprise-grade security and compliance protocols. From permissioned access to tamper-proof documentation and activity logs, everything is designed to support regulatory audits and stakeholder trust.

How does Qapita support the end-to-end tender offer process?

Qapita combines software workflows with expert guidance to manage every step of the tender process. From defining goals and structuring eligibility to handling documentation, approvals, and stakeholder communication, we ensure liquidity events are well-executed, compliant, and founder-friendly.

Who can participate in a tender offer?

Participation varies by company and is usually determined by factors such as role, tenure, or share type. It could include current employees, former team members, early investors, or founders. The company defines the participant pool, and each tender offer is structured accordingly to meet both company goals and regulatory requirements.

What kind of support can we expect from Qapita during the process?

You get both software and white-glove service. Our team works alongside your CFO, founders, and legal counsel to ensure every step (structuring, documentation, approvals, communication) is covered with clarity and confidence.
Tender Offers 101​

What is a tender offer?​

A tender offer (also called a structured liquidity program or employee buyback) covers the operational and strategic work required to create a controlled, company-led opportunity for shareholders to sell equity back to the company at a predetermined price during a defined window. ​

In practice, this means establishing clear valuation, designing fair participation criteria, managing communications, and executing settlement, so both the company and shareholders understand exactly what's being offered, at what price, and under what terms.​

Why are tender offers important?​​

ASC 718 is critical for accurate, compliant, and investor-ready Tender offers are critical for creating structured, compliant, and fair liquidity events especially as companies scale, raise institutional capital, and approach audits or exit scenarios. A well-designed tender offer isn't just a transaction; it's a strategic moment that signals founder values, strengthens your cap table, and builds employee confidence.​

What does tender offer include?​

Program design & governance: Setting up offer rules, eligibility criteria, participation limits, vesting implications, and board approvals so the tender is structured, transparent, and defensible.​

Offer architecture: Determining which shareholders can participate (current employees? former? founders?), what share types are eligible, how much can be sold, and what the settlement terms are.​

Participant communications & education: Managing FAQs, one-on-one consultations, tax education, and transparent messaging so shareholders understand the offer and can make informed decisions.​

Acceptance & settlement: Operating the submission workflow, processing acceptances, handling tax withholding, updating captables, and maintaining audit-ready documentation of the entire transaction.​

Compliance & reporting: Supporting the accounting inputs needed for ASC 718 expense reporting, tax filings, securities law compliance, and post-transaction cap table updates.​

Challenges of tender offer administration​

Tender offers are transformative, but they sit at the intersection of valuation, compliance, communications, and accounting, which creates real complexity. Anticipating them and planning ahead prevents surprises, reduces friction, and ensures smooth liquidity event.​

Tax complexity

A global team means global tax complexity. US employees face capital gains treatment. Indian employees face employment income taxation at vesting. Singapore employees face withholding requirements. Each jurisdiction has different rules, and the company is responsible for getting compliance right.​

Employee communications & participation

​​Employees are uncertain. Is this a sign their job is at risk? Will it affect their vesting? What if they don't participate? Will they be punished? How much tax will they owe? Uncertainty = low participation and lingering resentment.​

Accounting & reporting complexity

​​Tender offers create ASC 718 complications. If the tender price is higher than the previous valuation, you may need to recognize incremental equity compensation expense. This can materially affect your P&L, and auditors will scrutinize the calculation.​

Managing Partial & Full Exits

​Employees make different choices. Some sell all vested shares. Some sell partially. Some don't participate. This creates a diversified shareholder base with different engagement levels going forward.​

Why use tender offer management software?​

Tender offer management software replaces ad hoc spreadsheets with a consistent, auditable process for managing valuations, communications, acceptances, and reporting especially across multiple geographies and jurisdictions.​

Run a Seamless Tender Offer with Qapita

From design to execution, streamline tender offers with end-to-end support.