Initial public offering lockup expirations and insider selling.
We examine the microstructure effects of U.S. initial public offering (IPO) lockup expirations in the period of 1998-200 1 for a sample of technology firms. Most IPOs feature lockup agreements, which bar insiders from selling their share holdings for a period, typically 180 days.
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| Format: | Thesis |
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2008
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| Online Access: | http://hdl.handle.net/10356/7612 |