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Snap expects investors to hold its stock for a year

The company disclosed that it expects up to a quarter of its investors who buy shares in its IPO to honor a one-year lock-up period, Reuters reports. The disclosure is a sign that Snap is confident its IPO will be a success, with many expecting it to be the biggest U.S. IPO since Facebook went … Continue reading “Snap expects investors to hold its stock for a year”

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The company disclosed that it expects up to a quarter of its investors who buy shares in its IPO to honor a one-year lock-up period, Reuters reports. The disclosure is a sign that Snap is confident its IPO will be a success, with many expecting it to be the biggest U.S. IPO since Facebook went public.

About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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