Typically they also tell you the Fair Market Value of the shares and you just multiply by the number of shares offered. They aren&#x27;t options and you just get them whenever the company goes public. But they are completely illiquid before then.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Fair_market_value" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Fair_market_value</a><p>Quoting them in dollars is probably not too wrong if you believe the company&#x27;s valuation won&#x27;t change much (which is probably true for these unicorns). Even groupon&#x27;s valuation didn&#x27;t drop more than one order of magnitude.