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The float is typical and not small as it is basically all of the shares that are issued for the actual fund raise portion of the IPO. Aside from that the only o
by raiyu 8y ago
The float is typical and not small as it is basically all of the shares that are issued for the actual fund raise portion of the IPO. Aside from that the only other shares that can be traded are those that aren’t under lockup, and given that the majority of shares are owned by investors, founders, and employees there are always restrictions there for a minimum of 6 months.
- chollida1 8y ago> The float is typical and not small as it is basically all of the shares that are issued for the actual fund raise portion of the IPO Lets agree to disagree. Snap for instance went public by listing 200M shares out of around 1B so 20%. Under 10% of float trading is, historically speaking, small. Lyft went public with 32M shares out of 273M or 8%. 8% is a relatively small float, Groupon tried something similar. The rest of your comment I agree with. Here is a piece you can use to learn about IPO's and floats https://outline.com/BTx8KT https://outline.com/BTx8KT > The percentage of companies sold in U.S.-listed IPOs has overall come down over the past 20 years, though not dramatically, according to Dealogic figures. From 1995 to 1997, the average company sold 36% of its shares to the public. In the last three years, the average was 27%. > This year, 27.7% of shares have been sold in the average IPO. That is up slightly from last year, when 27.3% of shares were floated in IPOs.