Lockup Expiration Could Be Less Than Peaceful For Zendesk
Don Dion • Yesterday, 3:00 PM
- November 11 concludes the 180-day lockup period on ZEN; this gives ZEN’s principal pre-IPO shareholders, executives and directors the chance to sell their 70+ million shares.
- Losses have been found to amount to ~5% in the window of time surrounding the lockup expiration and are often prominent for firms with strong VC-backing, such as ZEN.
- We suggest investors consider this an opportunity to short ZEN.