Which THREE of the following are the most likely exit routes that apply to a venture capitalist?

Most likely VC exit routes are:

A. Flotation via a stock market listing (IPO) – classic VC exit.

B. Trade sale to another company – very common exit to a strategic buyer.

C. Selling back to the original owners / management (MBO/MBI) – another recognised route.

Liquidation (D) is a last-resort failure outcome, not a likely planned exit, and (E) raising long-term debt is not an exit at all.