Right of First Offer (ROFO)

Julien Fissette
Published on
October 18, 2023
Last edited on
1
min read
Summary
About Roundtable
Roundtable is Europe's leading infrastructure for private investments, handling all legal and administrative operations so founders, angels, and fund managers can focus on what matters.

Right of First Offer (ROFO)

ROFO gives existing shareholders the opportunity to buy shares before they are offered to external parties.

Compared to Right of First Refusal (ROFR), while ROFO is more favorable to sellers, as it doesn’t restrict them to lower-priced offers, it also imposes a time constraint for existing shareholders to make an offer.

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