Author Topic: Date of Institution Sell Lockout Expiry?  (Read 1718 times)

Unfolder

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Date of Institution Sell Lockout Expiry?
« on: March 15, 2015, 11:15:52 AM »
Hello:

I was wondering if anyone had an exact or approximate date for the institutional sell lockout expiry? That is to say, when the insiders like Goldman Sachs and Summers gain the ability to dump their shares. I believe it was six months from the IPO, is that still accurate?

Thank you 

Boatguy

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Re: Date of Institution Sell Lockout Expiry?
« Reply #1 on: March 18, 2015, 09:26:42 PM »
Yes, the lockup is six months so it should end about June 11.

The bankers frequently organize a secondary offering which brings order to the release of locked up stock.  Certainly not all investors will  "dump" the stock and insiders are usually restricted to a trading window that is open for about 6 weeks after the earnings announcement.

Facebook had a very rough few quarters before the stock even rose above the IPO price, then rose dramatically.  I think LC's stock performance, like all young companies, will depend on the earnings reports and more importantly the future growth potential.  Announcements of how new business segments are performing (e.g., business loans, student loans, etc.) fuel the fire more than current earnings.

PeerTrader

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Re: Date of Institution Sell Lockout Expiry?
« Reply #2 on: March 19, 2015, 03:40:17 PM »
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