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Feb 19, 2022 · After its May 18, 2012, initial public offering, the lock-up prevented the sale of 268 million shares during the company's first three months of public ownership.
How many shares are subject to the lock-up period? The number of shares subject to a lock-up is usually quite large. Take SciPlay as an example. Before it went public, only 22 million shares were freely tradeable on the open market. But once the lock-up period expired on 30 October, a staggering 104.3 million more shares entered the market.
Apr 27, 2022 · Lock-up periods typically last 180 days, but on occasion can be as brief as 90 days or as long as one year. Sometimes, all insiders will be "locked out" for the same period of time.
- Jason Fernando
Feb 23, 2024 · An IPO lock-up is a period after a company has gone public when major shareholders are prohibited from selling their shares, and typically lasts 90 to 180 days after the IPO.
3. How Long Do Lock-Up Periods Last? Lock-up periods are a critical phase in the lifecycle of a company that has recently gone public. They represent a span of time after a company's initial public offering (IPO) during which certain shareholders, such as company executives, employees, and early investors, are restricted from selling their shares.
Sep 7, 2023 · Who imposes the lock-up period, and how long does it typically last? The lock-up period is agreed upon by the issuing company and the underwriting firm handling the IPO. The typical duration ranges from 90 to 180 days, although this can vary depending on the specific agreement.
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The law usually does not oblige businesses that want to go public to follow a lock-up period. The lock-up period is normally something that the company and/or the investment banks underwriting the IPO request. The purpose is to prevent excessive volatility and allow the market to find the stock’s true value. How Long is a Lock-up Period? The ...
