Comment by baq
20 hours ago
Amount of early money waiting to exit is absolutely staggering, wonder if there’s enough retail to buy the leftovers without crashing the price. Reminder everyone with money who wanted in before IPO got in!
20 hours ago
Amount of early money waiting to exit is absolutely staggering, wonder if there’s enough retail to buy the leftovers without crashing the price. Reminder everyone with money who wanted in before IPO got in!
I thought that's what lockout periods were for?
S-1 states directly that some of the shares sold in the IPO are sold by current shareholders.
Employees are a different matter, lockouts are for them not quitting immediately. My bet is that a few of high profile departures recently is exactly for this reason: no lockout if you aren't employed anymore.
I don't think former employees being exempt from the lockout period is a typical arrangement at all.
> no lockout if you aren't employed anymore
But, I imagine, no stock either?
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