Earlier this week, the post-IPO lock-up period expired for insiders holding 234 million Facebook shares.
FORBES: Cashing Out: COO Sandberg Sells $7.7M Of Facebook Shrs
Facebook (NASDAQ:FB) continues to perform extremely well since its most recent IPO lock-up expiration.
FORBES: Housing Gives Stock Market Lift, Greece And Fiscal Cliff Weigh It Down
Facebook still faces enormous additional supply coming into the market as post-IPO lock-up agreements covering well over 1 billion shares expire in the coming months.
FORBES: Facebook THIS: Apple Hits New High; Mkt Cap Tops $600B
Facebook (NASDAQ:FB) has been one of the strongest stocks in the market over the past three weeks following the expiration of an 800 million share IPO lock-up period.
FORBES: New Life For Apple, Facebook, Google As Walking Dead Start Running Again
Groupon also said that it has extended the post-IPO lock-up period from May 2 to June 1, which pushes the period past a planned earnings announcement on May 14.
Maybe the boom will last another 3 years and new deals financed today will be able to go public and the investors will get to cash out after the IPO lock-up period ends.
FORBES: My First-Hand Impressions of the Chinese Tech Sector
Early investors aggressively sold before, during and after the IPO as lock-up periods began to expire.
FORBES: Advisors Who Didn't Talk Clients Down From Facebook Ledge Are Bums
Yesterday, an extended IPO share lock-up expired, leading some early investors to sell shares into the open market.
FORBES: Stocks Shoot Higher As Data Reinforce Recovery Strength
Early investors like Coleman were restricted from selling their Facebook shares until the middle of August, when some of those shares held by pre-IPO investors were released from lock-up provisions.
FORBES: Hedge Fund Star Chase Coleman's Facebook Trade Generated $1 Billion
Prior to the JOBS Act, sell-side analysts were prohibited from publishing research before the IPO, for 40 days after the IPO, and in the 15 days before and after lock-up agreements with pre-IPO stockholders and the company expire.
FORBES: On Its One-Year Anniversary, Two Cheers For The JOBS Act
Wednesday marked the expiration of the latest post-IPO lock up.
FORBES: U.S. Stocks Fall On Fiscal Cliff And Israeli-Palestine Conflict; Facebook And Cisco Shine
Typically, insiders (management and venture capitalists) hold back on selling shares in the IPO and instead opt for standard lock-up periods.
When the IPO occurred, we agreed to something called a lock-up, which investors ask on behalf of selling shareholders that you not be back the next week selling.
On December 14, the lock-up expires on 156 million shares held by selling holders in the IPO.
FORBES: Facebook: Zuckerberg Won't Sell Any Shrs For Next 12 Mos
应用推荐