Initial Public Offering
A “liquidity event”.
- Pros
- Access to capital
- Liquidity for Founders and Investors
- Brand visibility and credibility
- Employee incentives
- Cons
- Regulatory
- Lock-up period.
Lockup Period
- What’s an IPO Lockup? | Investopedia
- Typically 6 months.
- Company insiders, early investors, and employees cannot sell their shares for a period after the IPO.