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That partly explains the valuation increase.
Towns here do not regularly reassess individual homes; instead they establish an aggregate valuation increase each year that is imposed on all properties.
Plaid closed a $44 million Series B in mid-2016 and has since seen its valuation increase more than tenfold.
This most recent round was a "substantial valuation increase" from the previous round, according to an insider.
"That sort of valuation increase has just never happened in the semiconductors industry," said Richard Doherty, who started market research firm Envisioneering with Apple Computer co-founder Steve Wozniak.
Specifically, the company will pay $84 million now, with a second payment of $16 million if the company goes public and has its valuation increase 1.5X from its latest valuation (of $62.5 billion) in December 2015.
Similar(50)
She reviews shares for sale as valuation increases, or a company loses market share or its finances deteriorate.
Between June and the end of the year, Merrill's market valuation increased by 25%, vastly outpacing the wider stockmarket.
Ms. Stavisky said that for many of her constituents in Queens, some of whom still faced double-digit valuation increases of their co-ops, the city's reduction in assessments was little comfort.
O'Connor's objections join a chorus of dissatisfaction against the drivers' attorney, Shannon Liss-Riovern, over the deal's $84m monetary payout – which could rise to $100m if Uber's valuation increases to $93.75bn within a year of its initial public offering (IPO).
Big market valuation increases.
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