{"id":61360,"date":"2023-12-12T14:44:28","date_gmt":"2023-12-12T05:44:28","guid":{"rendered":"https:\/\/monolith.law\/et\/?p=61360"},"modified":"2024-06-05T11:56:17","modified_gmt":"2024-06-05T02:56:17","slug":"exit-by-ipo-m-and-a","status":"publish","type":"post","link":"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a","title":{"rendered":"EXITi meetodid IPO ja M&amp;A kaudu"},"content":{"rendered":"\n<p>Ettev\u00f5tjatele ja aktsiaseltsidele, kes on seotud idufirmade ja muude sarnaste ettev\u00f5tetega, investeerivad investorid m\u00f5lemad kasumi saamise eesm\u00e4rgil. Kuid kasumi saamine ei t\u00e4henda ainult \u00fchte meetodit, vaid v\u00f5ib olla mitmeid erinevaid viise. Selles artiklis selgitame IPO-de ja M&amp;A-de kaudu EXITi meetodit, mis on idufirmade ja investorite t\u00fc\u00fcpiline viis kasumi saamiseks.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Mis_on_EXIT\" title=\"Mis on EXIT?\">Mis on EXIT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#EXITi_meetodid\" title=\"EXITi meetodid\">EXITi meetodid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Valjumine_labi_aktsiate_avaliku_pakkumise_IPO\" title=\"V\u00e4ljumine l\u00e4bi aktsiate avaliku pakkumise (IPO)\">V\u00e4ljumine l\u00e4bi aktsiate avaliku pakkumise (IPO)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Mis_on_aktsiate_avalik_pakkumine_IPO\" title=\"Mis on aktsiate avalik pakkumine (IPO)?\">Mis on aktsiate avalik pakkumine (IPO)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Valjumise_mehhanism_labi_aktsiate_avaliku_pakkumise_IPO\" title=\"V\u00e4ljumise mehhanism l\u00e4bi aktsiate avaliku pakkumise (IPO)\">V\u00e4ljumise mehhanism l\u00e4bi aktsiate avaliku pakkumise (IPO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Aktsiate_avaliku_pakkumise_IPO_kaudu_valjumise_eelised\" title=\"Aktsiate avaliku pakkumise (IPO) kaudu v\u00e4ljumise eelised\">Aktsiate avaliku pakkumise (IPO) kaudu v\u00e4ljumise eelised<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Aktsiate_avaliku_pakkumise_IPO_kaudu_valjumise_puudused\" title=\"Aktsiate avaliku pakkumise (IPO) kaudu v\u00e4ljumise puudused\">Aktsiate avaliku pakkumise (IPO) kaudu v\u00e4ljumise puudused<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#EXIT_labi_M_A\" title=\"EXIT l\u00e4bi M&amp;A\">EXIT l\u00e4bi M&amp;A<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Mis_on_M_A\" title=\"Mis on M&amp;A?\">Mis on M&amp;A?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#EXITi_mehhanism_M_A_kaudu\" title=\"EXITi mehhanism M&amp;A kaudu\">EXITi mehhanism M&amp;A kaudu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#EXITi_eelised_M_A_kaudu\" title=\"EXITi eelised M&amp;A kaudu\">EXITi eelised M&amp;A kaudu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#EXITi_puudused_M_A_kaudu\" title=\"EXITi puudused M&amp;A kaudu\">EXITi puudused M&amp;A kaudu<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/et\/general-corporate\/exit-by-ipo-m-and-a\/#Kokkuvote\" title=\"Kokkuv\u00f5te\">Kokkuv\u00f5te<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mis_on_EXIT\"><\/span>Mis on EXIT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EXIT on m\u00f5iste, mida kasutatakse seoses idufirmade ja ettev\u00f5tete taastamisega. See t\u00e4hendab, et idufirmade asutajad, investeerimisfondid, riskikapitalistid ja teised investorid m\u00fc\u00fcvad aktsiaid v\u00f5i teostavad M&amp;A tehinguid, et tagasi saada oma investeeritud kapital ja teenida kasumit. Lihtsamalt \u00f6eldes, see t\u00e4hendab, et idufirmade asutajad ja investorid teenivad kasumit, investeerides idufirmadesse. EXITi kohta v\u00f5ib \u00f6elda ka, et see on &#8220;harvesting&#8221; (Harvesting), mis t\u00e4hendab &#8216;saagikoristust&#8217;.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXITi_meetodid\"><\/span>EXITi meetodid<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EXITi meetodite puhul v\u00f5ib suuresti eristada kahte j\u00e4rgmist meetodit.<\/p>\n\n\n\n<ul>\n<li>EXIT aktsiate avaliku pakkumise (IPO) kaudu<\/li>\n\n\n\n<li>EXIT \u00fchinemiste ja omandamiste (M&amp;A) kaudu<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Valjumine_labi_aktsiate_avaliku_pakkumise_IPO\"><\/span>V\u00e4ljumine l\u00e4bi aktsiate avaliku pakkumise (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u00dcks v\u00f5imalik viis on v\u00e4ljumine l\u00e4bi IPO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mis_on_aktsiate_avalik_pakkumine_IPO\"><\/span>Mis on aktsiate avalik pakkumine (IPO)?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/02\/shutterstock_318368702-1024x683.jpg\" alt=\"\" class=\"wp-image-7173\" \/><figcaption class=\"wp-element-caption\">Seletame IPO kaudu v\u00e4ljumist.<\/figcaption><\/figure>\n\n\n\n<p>IPO on initial public offering&#8217;i l\u00fchend, mida nimetatakse ka aktsiate avalikuks pakkumiseks, aktsiate avalikuks pakkumiseks v\u00f5i uute aktsiate avalikuks pakkumiseks. See t\u00e4hendab aktsiate noteerimist v\u00e4\u00e4rtpaberib\u00f6rsil, aktsiate avalikustamist \u00fcldsusele ja v\u00f5imalust, et iga\u00fcks saab aktsiaid osta. IPO on initial public offering&#8217;i l\u00fchend, mida nimetatakse ka aktsiate avalikuks pakkumiseks, aktsiate avalikuks pakkumiseks v\u00f5i uute aktsiate avalikuks pakkumiseks. See t\u00e4hendab aktsiate noteerimist v\u00e4\u00e4rtpaberib\u00f6rsil, aktsiate avalikustamist \u00fcldsusele ja v\u00f5imalust, et iga\u00fcks saab aktsiaid osta.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/blockchain\/comparison-ico-ipo\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/blockchain\/comparison-ico-ipo[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Valjumise_mehhanism_labi_aktsiate_avaliku_pakkumise_IPO\"><\/span>V\u00e4ljumise mehhanism l\u00e4bi aktsiate avaliku pakkumise (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Alustame m\u00f5tlemist alustavate ettev\u00f5tete asutajate seisukohast. Alustavate ettev\u00f5tete asutajad omavad loomulikult suuremat osa aktsiaseltsi aktsiatest. IPO korral t\u00f5useb aktsiate v\u00e4\u00e4rtus tavaliselt j\u00e4rsult. Seej\u00e4rel saavad alustavate ettev\u00f5tete asutajad m\u00fc\u00fca oma aktsiaid p\u00e4rast IPO-d k\u00f5rgema aktsiahinna eest, teenides kasumit. J\u00e4rgmisena m\u00f5tleme riskikapitalistide ja teiste investorite seisukohast.<\/p>\n\n\n\n<p>Alustuseks hindavad riskikapitalistid ja teised investorid alustavate ettev\u00f5tete \u00e4ritegevust ja otsustavad, kas ettev\u00f5te on tulevikus kasvav. Kui nad otsustavad, et ettev\u00f5te on tulevikus kasvav, investeerivad nad sellesse ettev\u00f5ttesse ja omandavad aktsiaid. Sel ajal on ettev\u00f5te veel kasvufaasis, nii et riskikapitalistid ja teised investorid saavad aktsiaid suhteliselt madala hinnaga osta. M\u00f5nel juhul annavad nad alustavatele ettev\u00f5tetele n\u00f5u ja toetavad neid, et aidata neil IPO-d saavutada. Seej\u00e4rel saavad riskikapitalistid ja teised investorid m\u00fc\u00fca aktsiaid, mida nad said enne IPO-d suhteliselt madala hinnaga, p\u00e4rast IPO-d k\u00f5rgema hinnaga, teenides kasumit. Sellise mehhanismi kaudu toimub v\u00e4ljumine l\u00e4bi IPO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aktsiate_avaliku_pakkumise_IPO_kaudu_valjumise_eelised\"><\/span>Aktsiate avaliku pakkumise (IPO) kaudu v\u00e4ljumise eelised<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u00dcks suurimaid eeliseid v\u00e4ljumisel l\u00e4bi aktsiate avaliku pakkumise (IPO) on v\u00f5imalus teenida suurt kasumit. Alustavate ettev\u00f5tete asutajad on omandanud suure hulga aktsiaid v\u00e4ga madala hinnaga. Riskikapitalistid ja teised investorid, kes omandavad aktsiaid vahetult enne IPO-d, peavad investeerima suurema summa, kuid kui alustav ettev\u00f5te on alles loodud, on v\u00f5imalik omandada suur hulk aktsiaid v\u00e4ga madala hinnaga. Kui algne investeering on madal, on v\u00f5imalik teenida suurt kasumit, m\u00fc\u00fces k\u00f5rgema v\u00e4\u00e4rtusega aktsiaid.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aktsiate_avaliku_pakkumise_IPO_kaudu_valjumise_puudused\"><\/span>Aktsiate avaliku pakkumise (IPO) kaudu v\u00e4ljumise puudused<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u00dcks puudusi v\u00e4ljumisel l\u00e4bi aktsiate avaliku pakkumise (IPO) on risk, et v\u00e4ljumist ei pruugi toimuda. IPO l\u00e4biviimiseks peab alustav ettev\u00f5te kasvama piisavalt, et taluda b\u00f6rsil noteerimise hindamist, kuid m\u00f5nel juhul ei pruugi ettev\u00f5te suuta piisavalt kasvada ja peab IPO-st loobuma. Sellisel juhul ei saa nad loomulikult IPO kaudu v\u00e4ljuda ega kasumit teenida. Lisaks n\u00f5uab alustava ettev\u00f5tte IPO-le viimine palju vaeva. Asjaolu, et IPO kaudu v\u00e4ljumine n\u00f5uab palju vaeva, on ka IPO kaudu v\u00e4ljumise puudus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXIT_labi_M_A\"><\/span>EXIT l\u00e4bi M&amp;A<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/02\/shutterstock_1413966269-1024x683.jpg\" alt=\"\" class=\"wp-image-7174\" \/><figcaption class=\"wp-element-caption\">J\u00e4rgnevalt selgitame EXITi l\u00e4bi M&amp;A.<\/figcaption><\/figure>\n\n\n\n<p>Teise v\u00f5imalusena v\u00f5ib kaaluda EXITi l\u00e4bi M&amp;A.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mis_on_M_A\"><\/span>Mis on M&amp;A?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A t\u00e4hendab Mergers (\u00fchinemised) ja Acquisitions (ostud), mis viitab ettev\u00f5tete \u00fchinemisele v\u00f5i ostmisele. S\u00f5ltuvalt kontekstist v\u00f5ib M&amp;A m\u00f5iste h\u00f5lmata ka ettev\u00f5tete partnerlusi.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/merger-acquisition\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/merger-acquisition[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXITi_mehhanism_M_A_kaudu\"><\/span>EXITi mehhanism M&amp;A kaudu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A on meetod, kus ettev\u00f5te v\u00f5i ettev\u00f5tte \u00e4ritegevus m\u00fc\u00fcakse kasumi saamiseks. Konkreetselt t\u00e4hendab see, et ettev\u00f5te kasvab, selle v\u00e4\u00e4rtus suureneb ja ettev\u00f5tte v\u00f5i ettev\u00f5tte \u00e4ritegevuse m\u00fc\u00fcmisel saadakse kasumit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXITi_eelised_M_A_kaudu\"><\/span>EXITi eelised M&amp;A kaudu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A eeliseks on see, et EXIT on v\u00f5imalik ka siis, kui IPO-ni ei j\u00f5uta. On palju juhtumeid, kus ettev\u00f5tte v\u00e4\u00e4rtus on suurenenud, kuid IPO-ni ei j\u00f5uta. Sellisel juhul on v\u00f5imalik saada kasumit EXITi kaudu M&amp;A abil. Lisaks, kui vaadata seda VC ja teiste investorite vaatenurgast, on M&amp;A eeliseks see, et aktsiad saab kindlalt maha m\u00fc\u00fca, v\u00e4ltides riski, et aktsiate ostjat ei leita.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXITi_puudused_M_A_kaudu\"><\/span>EXITi puudused M&amp;A kaudu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A kaudu EXITi puuduseks on see, et M&amp;A tulemusena v\u00f5ib juhtimis\u00f5igus minna praeguselt juhtkonnalt uuele juhtkonnale. Kuigi juhtimis\u00f5igus v\u00f5ib \u00fcle minna, ei pruugi see VC ja teiste investorite seisukohast olla eriline puudus, kuid alustavate ettev\u00f5tete asutajate jaoks v\u00f5ib see t\u00e4hendada, et nad ei saa enam juhtimises osaleda, mis v\u00f5ib olla puuduseks. Teine M&amp;A kaudu EXITi puudus on infolekke risk. Kui M&amp;A tehakse, ei otsusta ostja ostmist ilma mingi uurimiseta, vaid teeb p\u00f5hjaliku due diligence&#8217;i (DD) ja otsustab seej\u00e4rel ostmise. Sel juhul peab m\u00fc\u00fcja andma ostjale teatud informatsiooni, mis v\u00f5ib p\u00f5hjustada infolekke riski. Selle infolekke v\u00e4ltimiseks on oluline s\u00f5lmida korralik konfidentsiaalsusleping.<\/p>\n\n\n\n<p>Lisaks on M&amp;A kaudu EXITi puuduseks t\u00f6\u00f6tajate hoolitsuse vajadus. S\u00f5ltuvalt M&amp;A lepingu tingimustest v\u00f5ib t\u00f6\u00f6tajate lepinguliste suhete \u00fcleandmine olla osa M&amp;A-st. See v\u00f5ib p\u00f5hjustada muutusi t\u00f6\u00f6keskkonnas ja senistes t\u00f6\u00f6suhtes, mis v\u00f5ib muuta t\u00f6\u00f6tajatele t\u00f6\u00f6tamise keeruliseks. T\u00f6\u00f6tajad on ettev\u00f5tte jaoks oluline vara, seega v\u00f5ib t\u00f6\u00f6tajate hoolitsuse vajadus olla puuduseks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kokkuvote\"><\/span>Kokkuv\u00f5te<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u00dclaltoodud tekstis selgitasime IPO ja M&amp;A kaudu EXITi meetodeid. Nii idufirmade asutajad kui ka investorid, kes investeerivad idufirmadesse ja teistesse aktsiaseltsidesse, on p\u00f5him\u00f5tteliselt huvitatud kasumi teenimisest investeeringute kaudu. Seet\u00f5ttu on oodata, et EXITi meetodite m\u00f5istmine aitab idufirmade asutajatel ja investoritel \u00fchiseid eesm\u00e4rke saavutada. Seega on oluline m\u00f5ista IPO ja M&amp;A, mis on EXITi meetodite seas k\u00f5ige t\u00fc\u00fcpilisemad. IPO ja M&amp;A kaudu EXITi meetodite puhul n\u00f5utakse spetsiifilisi teadmisi, nagu n\u00e4iteks ettev\u00f5tte\u00f5iguse tundmine. Kui teil on mure IPO ja M&amp;A kaudu EXITi meetodite m\u00f5istmise p\u00e4rast, soovitame konsulteerida advokaadiga.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ettev\u00f5tjatele ja aktsiaseltsidele, kes on seotud idufirmade ja muude sarnaste ettev\u00f5tetega, investeerivad investorid m\u00f5lemad kasumi saamise eesm\u00e4rgil. Kuid kasumi saamine ei t\u00e4henda ainult \u00fchte meetod [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":64730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,27],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts\/61360"}],"collection":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/comments?post=61360"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts\/61360\/revisions"}],"predecessor-version":[{"id":64731,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/posts\/61360\/revisions\/64731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/media\/64730"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/media?parent=61360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/categories?post=61360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/et\/wp-json\/wp\/v2\/tags?post=61360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}