Uber And Pinterest Pore Over Their Ipo Lock-Up AgreementsPublished by: Europe Basketball Academy
Pinterest`s stock has fallen 7.2% in the past three months and Zoom Video shares have fallen 30.4%, while the Renaissance IPO ETF IPO has fallen +0.99% and the S&P 500 SPX -0.35% by 0.6%. James Cordwell, an analyst for Atlantic Equities, said the lockout can be a good day to buy a stock. "With Lyft, we`ve certainly seen sales pressure — the stock has fallen more than 20 percent since mid-July — and time will tell if Monday has been a good buying opportunity," he said in an email. Lyft was the first highly anticipated "Unicorn" company to go public this year, meaning it will also be the first to have the lock-in period expiring. Lyft and major competitor Uber, which went public in May, both disappointed in public markets, with stock prices falling well below their IPO prices.