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Lockup Period |
Also found in: Wikipedia | 0.01 sec. |
Lockup Period A time during which a publicly-traded company forbids management and large stockholders to sell their shares, usually following an initial public offering. Depending on the company, the lockup period may be 90 to 180 days. It exists to ensure that the market is not flooded with shares in the company at any given time, which would increase supply and cause a drop in price. Large shareholders selling their shares may also be seen as an indication of a lack of confidence in the company, triggering a panic sell. After the lockup period ends, however, shareholders may sell without restriction. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| have also entered into lock-up agreements in which they have agreed not to sell shares of the Company's common stock held by them until the later of 120 days after the closing date and 90 days after the effective date of the Registration Statement; provided however, that the lock up period for Grace and Grace Investments, Ltd. These plans were executed during the post initial public offering lock up period, which ends today. 60 per share for 10 consecutive trading days during the lock up period. |
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