By Tom Zanki (September 17, 2021, 8:06 p.m. EDT) – More companies are relaxing blocking rules following their initial public offerings, making it easier for shareholders to sell shares without waiting six months after their IPO, because it changes the dynamics of the market and competition from alternatives to IPO begins to reshape conventional practices.
Three companies went public in the week of September 13 with variations of early lock-in expirations for some shareholders, including running shoe company On Holding AG, drive-thru coffee retailer Dutch Bros. Inc. and identity software company ForgeRock Inc., according to securities filings. .
They follow other companies that have partly deviated from the traditional 180-day blocking rules in recent months, including the Robinhood Markets financial app.
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