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Bill Brentani Quoted in Law360 on IPO Lockup Periods
09.20.21
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Corporate Partner Bill Brentani was quoted in a Law360 article titled, “IPO Lockup Periods Begin To Loosen Amid Market Pressure.” The article explores changing trends in the IPO market, including how some companies are offering increased flexibility surrounding lockup rules following their IPOs, noting that, while there is no law that requires a post-IPO lockup period, six months has long been a market practice. When discussing lockup expirations, Bill noted that the timelines can sometimes vary depending on the type of shareholder and explained, “bit by bit, it’s being chipped away. But it’s also bespoke depending on the circumstances of the particular company and the investor base.”
To read the full article, please click here (subscription required).