Employees at red-hot startups like Uber and Pinterest will soon be able to cash in their shares. Here are the 5 companies whose lockup expirations could spark a flood of selling.
|10/11/2019||Posted by BusinessMediaguide.Com under General World News||
- The market for initial public offerings started the year red-hot, with unicorns like Uber and Pinterest raising billions in their public debuts.
- But after a series of IPO flops and a pulled listing from co-working giant WeWork, newly public firms have started lagging behind the broader market — and the pain could get even worse.
- When companies go public, insiders such as employees are subject to a lockup period, or a specific set of time after the IPO when they can’t sell their shares.
- The lockup period on several of 2019’s largest IPOs are set to expire read more >>>