… effect of IPO lockup expiration on share prices for the period of … Lockup in Malaysia is
mandatory as opposed to voluntary … abnormal return at the expiration of the lockup period. Thus, …

… When lockups expire, we find a permanent 40 percent … earnings announcements around
lockup expiration. Plotted values … the share price goes up after the offer) then the number of …

… price drops prior to lockup expiration. … lockup expiration is significant after controlling for
other factors that might affect CAR during this period, including share price run-up prior to lockup …

… , the share price decrease we observe at lockup expiration is the result of portfolio rebalancing
between VC investors and traditional equity investors, and the share price response is a …

… In summary, the impact of lockup periods expiration on share prices varies among countries
because each country has its own unique lockup provisions. The presence of statistically …

… Figure 2 presents a time series plot of the average cumulative abnormal return and shows
that the share price declines sharply around the lock-up expiration day. For the period from …

… for firms that lock-up their shares for a longer period of time or lock-up a larger fraction of
their shares. The … In addition, we explore price reaction at the time of lock-up expiration, the …

… lock-in period expiration on share prices and stock volume using closing prices and volume
of … had been always some change in share price, return and stock volume around the lockup …

… happens to the stock price around the lock-up expiration, we … related to the share price's
behavior around the lock-up, we … the impact of the lock-up expiration on the share price and how …

… Therefore, the share price at lockup expiration is of particular importance to insiders, as
they tend to divest at this time. Indeed, Aggarwal, Kringman and Womack (2002) developed a …