Initial public offering lockup expirations and insider selling.
Peh, Hwee Hwee.
Date of Issue2005
College of Business (Nanyang Business School)
We examine the microstructure effects of U.S. initial public offering (IPO) lockup expirations in the period of 1998-200 1 for a sample of technology firms. Most IPOs feature lockup agreements, which bar insiders from selling their share holdings for a period, typically 180 days.
Nanyang Technological University