IPO Lockup Expirations

A lock-up on an IPO prevents major shareholders and company insiders from selling shares in the company for a specified number of days following an IPO to prevent the market from being flooded with too much supply of a company's stock. Following the expiration of the lock-up period, restrictions preventing a company's employees and other major shareholders from selling their stock are lifted. Lock-up expirations often coincide with a 1-3% drop in the company's stock as a result of the increased number of available shares of the company.

Company NameExpiration DateNumber of SharesInitial Share PriceOffer SizeDate Priced Price
KIMBELL ROYALTY (KRP)8/2/20175,000,000$18.00$90,000,0002/3/2017
Romaco Resourcs (METC)8/2/20176,000,000$14.00$81,000,0002/3/2017
Clipper Realty (CLPR)8/9/20175,700,000$14.00$76,950,0002/10/2017
Foundation Building Materials (FBM)8/9/201712,800,000$14.00$179,200,0002/10/2017
Sachem Capital Corp (SACH)8/9/20172,600,000$5.00$13,000,0002/10/2017
Hamilton Lane (HLNE)8/28/201711,875,000$16.00$190,000,0003/1/2017
Snap (SNAP)8/29/2017200,000,000$17.00$3,400,000,0003/2/2017