lock up

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Sample Distribution and Summary Statistics This table presents the sample distribution and summary statistics of 2,269 IPOs with lockup agreements from 1988 to 2003 in Securities Data Company's (SDC) New Issues Database.
Goergen, Renneboog, and Khurshed (2006) liken Rule 144 in the US to the mandatory lockup agreements found in European IPO markets.
Courteau (1995) and Brav and Gompers (2003) argue that the lockup agreement can also be a mechanism for alleviating the adverse selection problem that arises from information asymmetries in IPOs.
The company said that this filing was made under contractual obligations on behalf of some of its security holders, the majority of which are subject to lockup agreements till 20 December 2014, restricting their ability to sell these securities.
The company said that the filing was made under its contractual obligations on behalf of some of its security holders, the majority of which are subject to lockup agreements restricting their ability to sell till 20 December 2014.
Resale of Cowen shares attributable to certain executive officers and directors, many of whom are still subject to lockup agreements and cannot sale of these shares.