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Reddit wants to raise $748M with IPO, sets value at $6.4B (go.theregister.com)

submitted 6 months ago by jeze@lemm.ee to c/technology@lemmy.world

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[–] ChunkMcHorkle@lemmy.world 2 points 6 months ago (1 children)

I read the Reddit S-1, the lock-up period is three days. Yeah, I'm a nerd, but in this case it was more just wanting to know how long Huffman et al will be forced to sit and watch the stocks freefall before they could ditch them, lol.

[–] wintermute_oregon@lemm.ee -3 points 6 months ago

Most the time they are restricted in their sales. He has to declare his in advance. Most likely he can sell for six months