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DraftKings Falls On $52 Share Offering, NFL Uncertainty
Wednesday, October 7, 2020 - 8:53am | 408Shares of DraftKings Inc (NASDAQ: DKNG) hit a new high of $64.19 on Oct. 2. An offering has sent shares lower. What Happened: DraftKings announced Monday it was selling 32 million shares. The company is selling 16 million new shares with existing shareholders selling 16 million. The...
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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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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...