A number of IPO lock-up agreements are set to expire next week, including for VC-backed HashiCorp and Samsara, the last major deals of 2021. As a result of these lock-up expirations, hundreds of millions of shares held by insiders will become eligible for sale. Lock-ups can sometimes represent an important trading event, which Rivian (RIVN) demonstrated last month when the company’s stock sank 21% on the day of its lock-up expiration; the stock has since recovered.
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