▲ 553 ▼ SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com) submitted 2 months ago by stermy4u@lemmy.world to c/technology@lemmy.world 105 comments fedilink hide all child comments
[–] mannycalavera@feddit.uk 11 points 2 months ago (5 children) What's a typical lock in period? permalink fedilink source parent hideshow 5 child comments replies: [–] NotMyOldRedditName@lemmy.world 16 points 2 months ago (2 children) Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case. permalink fedilink source parent hideshow 2 child comments replies: [–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent [–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 16 points 2 months ago (2 children) Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case. permalink fedilink source parent hideshow 2 child comments replies: [–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent
[–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent
[–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent