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Ladder Capital Corp. Lockup Expiration: A Step-By-Step Short Opportunity On August 21

|Includes:Ladder Capital Corp (LADR)
  • The 180-day lockup period on LADR will conclude tomorrow, August 21, allowing LADR's major pre-IPO shareholders to sell their outstanding shares numbering over 35 million.
  • LADR is a commercial real estate finance firm, with the largest pre-IPO shareholders currently private equity firms GI Partners and Towerbrook.
  • Evidence suggests that LADR's stock price could decline ~2% surrounding the lockup expiration event.
  • While LADR's market performance has been inconsistent, it has still seen growth, along with its business; we note a temporary short opportunity.
  • Full details here.

Disclosure: The author is short LADR.

Stocks: LADR