• Neuromancer@lemm.ee
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    8 months ago

    If you watch many IPO, you will see it spike quickly then a large dump after that. I know the last IPO I was part of, we couldn’t sell for several days after the IPO.

    • bus_factor@lemmy.world
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      8 months ago

      Days? When my company went public employees couldn’t sell their stock for several months. And as soon as we could the price tanked, because everyone wanted to cash out.

      The selling was understandable, having 80% of your net worth in a single stock is scary, but hundreds of first-time stock owners doing a fire sale didn’t do the stock price any favors.

      • Neuromancer@lemm.ee
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        8 months ago

        By the time we could sell. The stock had already dropped. It never really recovered after that

    • Jo Miran@lemmy.ml
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      8 months ago

      I bought Facebook at $18 thanks to the post IPO dump. I waited for the Google post IPO dump but it never came.

    • ChunkMcHorkle@lemmy.world
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      8 months ago

      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.

      • Neuromancer@lemm.ee
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        8 months ago

        Most the time they are restricted in their sales. He has to declare his in advance. Most likely he can sell for six months