jeze@lemm.ee to Technology@lemmy.worldEnglish · 8 months agoReddit wants to raise $748M with IPO, sets value at $6.4Bgo.theregister.comexternal-linkmessage-square152fedilinkarrow-up1390
arrow-up1390external-linkReddit wants to raise $748M with IPO, sets value at $6.4Bgo.theregister.comjeze@lemm.ee to Technology@lemmy.worldEnglish · 8 months agomessage-square152fedilink
minus-squareChunkMcHorkle@lemmy.worldlinkfedilinkEnglisharrow-up3·8 months agoI read the Reddit S-1, the lock-up period is three days. Yeah, I’m a nerd, but in this case it was more just wanting to know how long Huffman et al will be forced to sit and watch the stocks freefall before they could ditch them, lol.
minus-squareNeuromancer@lemm.eelinkfedilinkEnglisharrow-up2·8 months agoMost the time they are restricted in their sales. He has to declare his in advance. Most likely he can sell for six months
I read the Reddit S-1, the lock-up period is three days. Yeah, I’m a nerd, but in this case it was more just wanting to know how long Huffman et al will be forced to sit and watch the stocks freefall before they could ditch them, lol.
Most the time they are restricted in their sales. He has to declare his in advance. Most likely he can sell for six months