IPO lick-in expiry, Feb. 27 -- Four companies are slated to have pre-listing shareholder lock-ins lifted in the next 30 days, which could potentially free up shares amounting to $265 million, according to a report by domestic brokerage Nuvama Alternative & Quantitative Research.
The lock-in period for an initial public offering (IPO) is a specified duration during which certain investors are prohibited from selling their shares. These lock-in regulations aim to maintain stability in the stock price and give the company a chance to establish itself in the market post-IPO. The IPO lock-in period varies for promoters, anchor investors and non-promoter groups.
Published by HT Digital Content Services with permission from MINT....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.