CohereISO/NSO
Cohere equity calculator: value your options at the $5.5B Series D valuation
Calculate the current value of your Cohere equity using secondary market data and four independent valuation methods. Based on the Series D at $5.5B. Free, no account required.
Cohere — current market snapshot
Last primary round
$5.5B
Series D · 2024-07
Secondary market
—
No recent verified signal
Annual revenue (ARR)
$0.1B
+80% YoY
Equity type
ISO/NSO
Strike: $18–$28
Key things to know
- →Cohere last closed round: Series D at $5.5B — enterprise LLM platform.
- →Secondary market implies ~$5.9B, a slight premium to the last round.
- →Typical strike price range: $18–$28 depending on grant year.
- →No near-term IPO expected; 2028+ at earliest.
Open the calculator
Enter your actual shares, equity type, and strike price. PrivatePulse uses secondary market data and four independent valuation methods to give you a defensible range.
Calculate my Cohere equity →Free · No account required · Takes 2 minutes
Liquidity outlook for Cohere
No near-term IPO expected. Secondary indication near primary round valuation. Company likely 2028+ at earliest; patient equity required.
As an option holder, you'll need to exercise your ISO/NSO to own shares. Strike price, exercise cost, and tax treatment (ISO vs NSO) all matter. Model carefully with a CPA.
Frequently asked questions
What is my Cohere equity worth right now?↓
Cohere's Series D1 (2025) valued the company at $7B. Secondary market data (Hiive, Forge, Caplight) gives a live read on implied valuation — PrivatePulse tracks this and updates every week. Gross value per option = (secondary share price − your strike price). Multiply by your vested count, then subtract taxes. The PrivatePulse calculator handles all of this automatically.
When will Cohere go public or offer liquidity?↓
Cohere is at $7.0B — still in an early-to-mid growth stage. An IPO is likely 4–6 years away at minimum. Liquidity before then typically requires a tender offer or secondary sale approved by the company.
What is the Cohere strike price for employee options?↓
Strike prices at Cohere vary by grant year and cohort. Recent grants typically carry strikes in the $0–$28 range per share. Your grant agreement shows your exact 409A strike. With Cohere now implying ~$7B, the intrinsic value per option is (current secondary price per share − your strike); enter your numbers in the PrivatePulse calculator to see the full picture including AMT and vesting schedule.
What's the difference between Cohere ISOs and NSOs?↓
Cohere typically grants a mix of Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs). ISOs: exercised spread is not taxed as income — instead it creates an AMT preference item. Long-term capital gains treatment is available if you hold shares 2 years from grant and 1 year from exercise. NSOs: exercised spread is ordinary income immediately — simpler but less tax-efficient. Both types require payment of the strike price to exercise. Use the PrivatePulse calculator to model the after-tax outcome under ISO vs NSO treatment at the current $7B implied valuation.