The end of Uber’s lockup period means insiders have a green light to sell their shares. But for the ride-hailing company’s other investors, it’s at best a yellow light. Hard-to-quantify risks still lie ahead, writes rob_cyran.
Uber Technologies shares fell 4% in afternoon trading on Nov. 6, as the six-month lockup preventing insiders from selling shares following the ride-hailing company’s initial public offering expired.
In the firm’s prospectus, it had said about 76% of common stock or securities exchangeable into common stock held by insiders were under the agreement.
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