SpaceX's Massive IPO Won't Have the Typical Lockup Period. Here's Why.
Summary
SpaceX is preparing a massive IPO that could value the company at $1.8 trillion or more. The company plans a staggered share-release structure instead of a standard 180-day lockup period. Early investors will be able to sell shares in stages after the first earnings report, based on trading and pricing milestones. The approach could reduce post-lockup selling pressure and increase the stock float. The article also argues that the structure could influence how future large tech IPOs are designed.
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