⟳ Репост от Katie Martin
Eligible pre-IPO investors in SpaceX can sell the first 20% of their stake as of Thursday. SpaceX has a staggered lock-up release schedule to “meter” stock sales but I argue in @alphaville.ft.com this turns the overhang into a prolonged hangover for the stock. No paywall: www.ft.com/content/6a8c...
SpaceX’s staggered lock-up release prolongs the painThe biggest IPO wanted to avoid a cliff edge of insider selling but now has 12 months of uncertaintywww.ft.com