Tech Stocks Tanking Ahead Of IPO Lock-Up Expiration
When a company goes public, it usually puts a lock-up agreement into place that prevents insiders from selling their stocks immediately after the IPO (90 – 180 days is typical), giving the price some time to settle and assuring investors that the market won’t be immediately inundated with shares. But as the lock-up expiration approaches the stock price tends to fall, and tech stocks are hit twice as hard as other sectors.
“On average, stocks traded down ahead . . .
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