Preferred share price is typically determined when a company raises a round - it's whatever the investors are willing to pay.
The price of preferred stock for non-public companies is typically determined through negotiations between the company and the investors. The price may be based on factors such as the company's financial performance, the value of its assets, and the potential for future growth.
The ownership structure of a non-public company can affect the price of its preferred stock by influencing the level of control and influence that investors have over the company's operations and decision-making. A more dispersed ownership structure may result in a lower price for preferred stock, while a more concentrated ownership structure may result in a higher price.
Dilution and conversion rights can affect the price of preferred stock in non-public companies by influencing the potential future value of the stock. Dilution rights allow the company to issue new shares of stock, which can decrease the value of existing shares. Conversion rights allow preferred shareholders to convert their shares into common shares, which can increase the value of their investment.
When a non-public company goes public, the price of its preferred stock may change based on a variety of factors such as the company's financial performance and market conditions. The price may increase or decrease, or it may remain relatively unchanged.