IPO performance and trading around lock-up expiration

• Main Author: WANG, Yuchen
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: lock up; expiration; short sale; stock return; reverse trend; IPO; Finance; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/etd_coll_smu/51; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1053&context=etd_coll_smu
• Institution: Singapore Management University

During the lock-up period, company insiders are prohibited from selling their shares for a set period immediately after initial public offerings (IPOs), usually 180 days. This strict prohibition limits the borrowing of securities by short sellers within this period. Therefore, upon reaching the lock...