First Twitter lock-up period set to end


Twitter's (TWTR) first post-IPO lock-up period is due to expire tomorrow, allowing non-executive staff holding 9.87M shares to sell their stock.

That would increase the number of tradable shares by 12% to 90M. Another 474.7M shares will become eligible for sale in May.

Twitter's shares have more than doubled since it listed in November, although they've sunk 14% since the company released its latest quarterly earnings last week.

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Comments (6)
  • al roman
    , contributor
    Comments (18265) | Send Message
     
    The little Blue has always been sweet to me.
    14 Feb 2014, 06:35 AM Reply Like
  • Don Dion
    , contributor
    Comments (4791) | Send Message
     
    See our article for more detail at-http://seekingalpha.co...
    14 Feb 2014, 07:44 AM Reply Like
  • CDM Capital
    , contributor
    Comments (458) | Send Message
     
    Non-event with Twitter trading 26m shares per day. The real lock-up is 400m+ shares though, which is definitely meaningful.
    14 Feb 2014, 09:02 AM Reply Like
  • CDM Capital
    , contributor
    Comments (458) | Send Message
     
    Non-event especially consider TWTR is trading ~ 26m shares per day. The lock-up in 90 days is significant in that it unlocks over 400m shares.
    14 Feb 2014, 09:19 AM Reply Like
  • refp
    , contributor
    Comments (26) | Send Message
     
    Twitter has 214.67M in it's public float right now according to the Wall Street Journal. http://on.wsj.com/1dsq4M9
    14 Feb 2014, 09:41 AM Reply Like
  • ckcamper
    , contributor
    Comments (5) | Send Message
     
    Could this be the blue bird of happiness I've been searching for?
    14 Feb 2014, 09:42 AM Reply Like
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