WHAT IS A ‘LOCK-UP’ OR ‘LOCK-UP PERIOD’?
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Posted On: 08/14/2015 10:48:09 AM
WHAT IS A ‘LOCK-UP’ OR ‘LOCK-UP PERIOD’?
According to Investopedia: A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. Lock-up periods typically last 180 days (six months) but can on occasion last for as little as 120 days or as long as 365 days (one year).
According to Investopedia: A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. Lock-up periods typically last 180 days (six months) but can on occasion last for as little as 120 days or as long as 365 days (one year).
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