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RE: IPO investing cheat sheet: Never buy on Day 1?
(edited)
Another reason to wait, but there is also the 133% rule, which allows VCs to dump significant amounts of their stake earlier than the lock up period.
https://corporatevault.info/article/mechanics_of_shareholder_lock-up_agreements_and_waiver_rules
0.00000347 BEE
Okay interesting. I wasn't aware of that. Good to know!