Twitter (TWTR) Investors Brace as Lock-Ups Start to Expire
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Recent hot-IPO Twitter (NYSE: TWTR) might see a little pressure over the next few sessions as insiders will now be able to sell their shares.
Bloomberg noted Friday morning that as many as 9.87 million of non-executive employee shares will become eligible for sale. That would be dilutive to the current outstanding share count by about 12 percent to 90 million.
No insiders have sold since Twitter's November 7, 2013, IPO. That patience might finally pay off with the stock rising more than 100 percent since its debut at $26, closing at $56.47 on Thursday.
In early trading, Twitter is just about flat Friday.
Bloomberg noted Friday morning that as many as 9.87 million of non-executive employee shares will become eligible for sale. That would be dilutive to the current outstanding share count by about 12 percent to 90 million.
No insiders have sold since Twitter's November 7, 2013, IPO. That patience might finally pay off with the stock rising more than 100 percent since its debut at $26, closing at $56.47 on Thursday.
In early trading, Twitter is just about flat Friday.
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