Rivian’s IPO Lockup Is Almost Over. Here’s What That Means for the Stock.

Barrons2022-05-03

Rivian Automotive investors have been dealing with a lot lately. Something else is coming down the pike. The initial public offering lockup ends in early May, potentially putting millions of shares on...

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Comments

Eded
2022-05-03
Eded
Only if big ones never lose faith with this
Kave
2022-05-03
Kave
[Happy] [Happy]
Worpeng2002
2022-05-03
Worpeng2002
Nice
TigerEye
2022-05-03
TigerEye
Thanks
tyng8825
2022-05-03
tyng8825
nice
blessed_1
2022-05-03
blessed_1
sharing

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Here’s What That Means for the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-03 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/rivian-ipo-stock-price-lockup-51651494868?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rivian Automotive investors have been dealing with a lot lately. Something else is coming down the pike. The initial public offering lockup ends in early May, potentially putting millions of shares on...</p>\n\n<a href=\"https://www.barrons.com/articles/rivian-ipo-stock-price-lockup-51651494868?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIVN","symbol_name":"Rivian Automotive, Inc.","start_time":0,"source_url":"https://www.barrons.com/articles/rivian-ipo-stock-price-lockup-51651494868?mod=RTA","article_id":"2232717019","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2232717019","pubTimestamp":1651556359,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Rivian Automotive investors have been dealing with a lot lately. 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An IPO lockup, which bars some early investors from selling stock for a period, ends on May 9.That’s 180 days after the IPO, the typical period in which early investors and corporate insiders are prohibited from selling stock following the deal.Roughly 800 million shares are affected by the lockup expiration. Lockups, and their expiration, are a normal part of IPOs. Not all that stock will be sold or traded. But investors will be paying particular attention to Amazon.com (ticker: AZMN) and Ford Motor (F) — two early investors in Rivian.Ford owns about 100 million Rivian shares. Amazon owns almost 160 million. The firms didn’t respond to a request for comment about plans for their Rivian holdings.The fear, for shareholders, is that large blocks of stock can drive down the price. An IPO lockup expiration, however, isn’t always that bad for a stock.  Rivian stock closed Friday at $30.24, down 71% from the IPO price.Meta Platforms (FB) had a large IPO in 2012. 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