Top 2024 resources on lockup
Best lockup resource in 2024.
Learn more about lockup to improve your e-commerce strategy.
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Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration
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Shares of Africa-focused e-commerce company Jumia dropped 4% the day after the lockup period expired for its April IPO on the New York Stock Exchange. The lockup provision prevents major shareholders — namely those who purchased equity pre-public listing — from selling their shares for a specified number of days following the IPO. Jumia’s stock […]
Topics: ipo, company, etailer, day, sec, fall, africa, revenue, losses, million, price, period, expiration, shares, stock, jumia, techcrunch, jumias, lockup.