The Reasons for the Divergence of IPO Lockup Agreements
Description:
Most initial public offerings (IPOs) feature share lockup agreements, which prohibit insiders from selling their shares for a specified period of time following the IPO. However, some IPO firms agree to have a much longer lockup period than other IPO firms, and some are willing to lockup a much larger proportion of shares. Thus, the primary research question for this study is: "What are the reasons for the divergence of the lockup agreements?" The two main hypotheses that this dissertation inve…
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Date:
August 2010
Creator:
Gao, Fei
Partner:
UNT Libraries