Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> Lock-up expires 29 August [1].

Its actually the end of July for the first and most important IPO lockup expiry.

> The first key lock-up date for Snap will occur roughly 150 days following the IPO. At that point, pre-IPO investors, such as company insiders, will be allowed to sell their shares. The second major lock-up date applies to 25% of the shares that were offered in the IPO itself. Of the 200 million total IPO shares, 50 million of the shares will be restricted for one year.



Founding team cashed out pre-IPO for hundreds of millions each.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: