Rocky Road For Roku When Lock Up Expires

Rocky Road For Roku When Lock Up Expires

When ROKU's IPO lockup expires, pre-IPO shareholders and insiders will be able to sell large blocks of currently-restricted shares for the first time.

It's likely they are eager to do so - ROKU has a return from IPO of more than 130%.

Sales of restricted stock could flood the secondary market and cause a sharp, short-term dip in share price.

This idea was discussed in more depth with members of my private investing community, IPO Insights.

The 180-day lockup period for Roku, Incorporated (ROKU) ends on March 27, 2018.

When this six month period concludes, the company’s pre-IPO shareholders and insiders will have the ability to sell nearly 16 million shares of currently-restricted stock for the first time.

This group of shareholders includes 13 individuals and five corporate entities.

The potential for an increase in the volume of shares traded on the secondary market could negatively impact the stock price of ROKU in the short-term.

https://www.servicedonline.com/

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