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I thought a lot of tech stocks did this immediately after IPO as the pre-IPO shareholders sold off their shares?
by a-wu 8y ago
I thought a lot of tech stocks did this immediately after IPO as the pre-IPO shareholders sold off their shares?
- shereadsthenews 8y agoThat's not really common. Pre-IPO shareholders who are not locked up sell into the IPO, not right after it. That said, you aren't wrong about volatility right after an IPO. Look at ESTC: debuted at $70 and traded as low as $58 a few days later ... then as high was $100 recently.
- ummonk 8y agoMost pre-IPO shareholders are in the lockup period.