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Back so soon? Early lock-up provisions return to the IPO market with VC-backed tech

September 21, 2023

Instacart (CART) and Klaviyo (KVYO) are bringing back more than just VC-backed tech.

In addition to being the first US tech unicorns to go public since 2021, the grocery delivery platform and marketing SaaS company both have early IPO lock-up provisions, a common feature of the 2021 IPO boom.

In 2021, when the IPO market was near its peak, early lock-up provisions...

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