AFIAK, preferred shares (the ones investors buy) typically aren't subject to a lockup once they convert to common stock. They usually don't dump right away sinc

AFIAK, preferred shares (the ones investors buy) typically aren't subject to a lockup once they convert to common stock. They usually don't dump right away since they don't want to tank the market unless the company is actually dogshit and they're pawning it off on a bigger fool.