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
M I Acquisitions (MACQU)3/13/20175,000,000$10.00$50,000,0009/14/2016
Noble Midstream Partners LP (NBLX)3/14/201712,500,000$22.00$281,250,0009/15/2016
Bank of N.T. Butterfield & Son Ltd (NTB)3/15/201710,638,298$24.00$250,000,0039/16/2016
Everbridge (EVBG)3/15/20177,500,000$12.00$90,000,0009/16/2016
FB Financial Corp (FBK)3/15/20175,882,352$19.00$111,764,6889/16/2016
Saban Capital Acquisition Corp (SCACU)3/15/201723,500,000$10.00$235,000,0009/16/2016
Novan (NOVN)3/20/20174,100,000$11.00$45,100,0009/21/2016
Trade Desk (TTD)3/20/20174,666,667$18.00$84,000,0069/21/2016
Capstar Financial Holdings (CSTR)3/21/20172,585,000$15.00$38,775,0009/22/2016
e.l.f. Beauty (ELF)3/21/20178,333,333$17.00$141,666,6619/22/2016
AC Immune Ltd (ACIU)3/22/20176,000,000$11.00$66,000,0009/23/2016
Apptio (APTI)3/22/20176,000,000$16.00$96,000,0009/23/2016
Gridsum Holding Inc - (GSUM)3/22/20176,700,000$13.00$87,100,0009/23/2016
Valvoline (VVV)3/22/201730,000,000$22.00$660,000,0009/23/2016
Shineco (TYHT)3/27/20171,713,190$4.00$7,709,3559/28/2016
Fulgent Genetics (FLGT)3/28/20174,200,000$9.00$37,800,0009/29/2016
MedEquities Realty Trust (MRT)3/28/201719,925,333$12.00$239,103,9969/29/2016
Tabula Rasa HealthCare (TRHC)3/28/20174,300,000$12.00$51,600,0009/29/2016
Nutanix (NTNX)3/29/201714,870,000$16.00$237,920,0009/30/2016