> If I understand it correctly, the problem here is the lockup period? For the exact example of Uber, yes. Getting rid of the lockup period is one reason compa

> If I understand it correctly, the problem here is the lockup period? For the exact example of Uber, yes. Getting rid of the lockup period is one reason companies have begun using direct listings instead of bank-backed IPOs. There’s no group of investors who want their cut before letting common shareholders sell their shares.