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There was an employee lockup of Facebook stock, if I remember correctly, so Facebook employees were not selling. Please correct me if I misunderstood something
by the_watcher 13y ago
There was an employee lockup of Facebook stock, if I remember correctly, so Facebook employees were not selling.
Please correct me if I misunderstood something.
- abat 13y agoThe lockup applies to shares on the open market after IPO. That doesn't preclude someone from participating in the IPO itself.
- the_watcher 13y agoGot it, thanks for explaining.
- habosa 13y agoMany Facebook shareholders sold at the IPO. Zuckerberg sold 30M shares and other large investors with huge allocations also sold some. It was calculated, not a free-for-all.
- blisterpeanuts 13y agoInteresting; how is it that employees are able to trade right after the IPO? I thought there was a waiting period for insiders.
- clauretano 13y agonot every employee is an insider. Public companies that issue stock to employees can limit the number of people that are made privy to non-public information about the performance of the company, such that some/many employees are allowed to freely trade.