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Early Snowflake Backers Can Sell 37.9M Shares Today: What Investors Need To Know
Thursday, January 7, 2021 - 5:13am | 468Snowflake Inc (NYSE: SNOW) could see fresh selling as the lock-up period ends on more than 37.9 million shares today, the company said in an SEC filing last week. What Happened: Snowflake’s strong stock performance since its September listing has seen the stock appreciate...
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Nikola Lock-Up Expiration Could Be A Ticking Timebomb
Wednesday, October 14, 2020 - 2:20pm | 433Nikola Corporation (NASDAQ: NKLA) shares have stabilized somewhat in the past two weeks following a major September swoon. A Hindenburg Research report accusing Nikola of being “an intricate fraud built on dozens of lies” and the resignation of chairman Trevor Milton triggered the sell-...
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What Is A Lock-Up Expiration Date And Why Is It Important?
Wednesday, October 17, 2018 - 3:37pm | 547Pivotal Software, Inc. (NASDAQ: PVTL) stock traded lower by 5 percent Wednesday, and one of the major reasons for the weakness was likely the expiration of the stocks lock-up period following its April IPO. Here’s a look at what a lock-up period is and how it impacts stock prices. What...
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Snap's Whipsaw Trading Action Following First Major Lock-Up Expiration
Tuesday, August 1, 2017 - 1:47pm | 557Snap Inc (NYSE: SNAP) traders expecting volatility surrounding the beginning of a massive lock-up expiration period Monday were not disappointed, as the stock whipsawed up and down throughout the session. However, Snap bulls hoping that the lockup would mark the bottom for Snap stock haven’t...
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Coupa Software Shares Down +20% Since IPO; How Will IPO Lock-Up Expiration Impact Shareholders?
Monday, October 31, 2016 - 12:44pm | 360Coupa Software Inc (NASDAQ: COUP) shares opened trading at $38 on October 6. Since the closing price of its IPO debut day, the stock has lost over 24 percent. The company's enterprise software is disruptive in the total addressable market of $20 billion. In all, the company issued a total of 8.51...
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How The Expiration Of A Lock-Up Affects A Company's Shares
Monday, September 26, 2016 - 2:52pm | 507After a company hosts an Initial Public Offering, they enter a lock-up period, sometimes known as a lock-in or locked-up period. The purpose of this 90–180 day period is simple and intuitive: to prevent insiders and large shareholders from selling off their stock too quickly as a means of...