IPO Lock-Up Agreements

This report IPO Lock-Up Agreements explores the role of lock-ups and examines the key differences in lock-up conventions between the U.S. and China (including Hong Kong).

This report looks into the following areas:

• The impact of lock-up expiration on share prices and implications for investors in newly-public companies
• How lock-up periods are determined, underwriter vs statutory lock-ups
• How to find company #IPO #lockup agreements in the U.S., China and Hong Kong markets
• Investor types affected by lock-ups, including the importance of cornerstone investors in Asian IPOs
• Examples from Airbnb Facebook and Alibaba
• Valuation considerations

Download the report (English)	Download the report (Chinese)

Posted 16 July 2021 by Peter Alleston, Executive Director, Private Equity & Debt Services, S&P Global Market Intelligence

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.