The market for initial public offerings started the year red-hot, with unicorns like Uber and Pinterest raising billions in their public debuts. But after a series of IPO flops and a pulled listing from co-working giant WeWork, newly public firms have started lagging behind the broader market — and the pain could get even worse. When companies go public, insiders such as employees are subject to a lockup period, or a specific set of time after the IPO when they can't sell their shares.
The market for initial public offerings started the year red-hot, with unicorns like Uber and Pinterest raising billions in their public debuts. But after a series of IPO flops and a pulled listing from co-working giant WeWork, newly public firms have started lagging behind the broader market — and the pain could get even worse. When companies go public, insiders such as employees are subject to a lockup period, or a specific set of time after the IPO when they can't sell their shares.
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Amid a company meltdown and employee revolt, WeWork is sponsoring LinkedIn ads offering to help address 'lagging team morale'The promoted ad advising on 'lagging company morale' comes as many WeWork employees have called out the startup's chaotic work culture. This is so American: The Trust That Went Bust ver. 2.0
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