Renaissance Capital logo

The erosion of the IPO lock-up

January 4, 2022

2021 went down as a historic year for the IPO market, with both activity and proceeds reaching record levels. A lesser-known record: the explosion of early lock-up provisions. In effect, IPO insiders are now able to cash out earlier than ever.

Key takeaways

  • Once rare, early lock-up provisions exploded in 2021
  • Tech IPOs account for most early releases
  • Lock-ups have become harder for investors to track

To read the full article, sign up for a free trial of IPO Pro.
Start a Free Trial of IPO Pro

Enter your alt tag here