Gao, Fei; Siddiqi, Mazhar A. - In: Review of Pacific Basin Financial Markets and Policies … 15 (2012) 03, pp. 1250013-1
Most Initial Public Offerings (IPOs) feature share lockup agreements, which prohibit insiders and other pre-IPO shareholders from selling their shares for a specified period of time following IPO. We explore possible reasons why some IPO firms voluntarily agree to have a much longer lockup...