The Big Question: What Is a Lockup Period?
May 5 (Bloomberg) -- Often after a company goes public, founders, backers and employees that possess privately held shares are restricted from selling those shares on the open market for a period of time that typically lasts 3 or 6 months. Bloomberg's Willem Marx explains why.
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Trump's View of U.S. Economy Is Flawed, Says Posen
21:23 - The Federal Reserve looks poised to forgo a chance to prove its favorite points. A rate hike at the Federal Open Market Committee’s Nov. 1-2 meeting would show they mean what they say. Economic data have been strong since it met last month. The decision comes just days before the U.S. presidential election. Inflation is below the Fed’s 2 percent goal, reducing the urgency for action. What’s more, the committee has a meeting in mid-December, so officials could wait to see how markets react to a White House win by either Republican Donald Trump or Democrat Hillary Clinton and still be able to deliver a rate rise in 2016. Peterson Institute President Adam Posen discusses the U.S. election with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."