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From EquitZen's knowledge center: "Shares that are the subject of investment through EquityZen are generally subject to a lock-up period of up to 180 days afte
by throwaway803453 6y ago
From EquitZen's knowledge center:
"Shares that are the subject of investment through EquityZen are generally subject to a lock-up period of up to 180 days after the effectiveness of a company's IPO filing, during which time shareholders are restricted from selling their shares."[1]
The 180day lock-up period could EquityZen poorly suited for investors with a short time horizon.
- svachalek 6y agoIn this case though, Coinbase is doing a direct listing, not an IPO. I think there is usually no lockup associated with a direct listing.
- deleted 6y ago[deleted]
- inadequatespace 6y agoEr, PLTR still had a lockup for its direct listing. If this trend continues the “usually” aspect will not hold.
- sidlls 6y agoThat only applies to IPOs. In a direct listing the shares start trading at the published reference price. There is no underwriting or other ceremony around it.
- jacobkranz 6y agoCould you do what Mark Cuban did and work with your brokerage to do sell calls & buy puts around the strike? That would lock in your price for a given amount of time.
- findjashua 6y agoshould be the other way around - buy calls and sell puts. that said, options usually are available a few days after the ipo, so may not accomplish the objective
- adventured 6y agoIf you had a sizable fortune at stake, you'd go to a major financial firm like Goldman Sachs, which handled the collar for Cuban, and they'll build you something custom. Almost any arrangement can be worked out, with a fat fee to go with it.