They dumped $50 million the same week as the IPO? Talk about confidence in your company!
Also, they didn’t have any lockout period? That’s also bullshit. I worked for a company during an IPO some years back and nobody could sell their shares for something like a year!
My company is planning on IPO ina year or so, I think we're taxed 50% if we sell early.
I'm pretty sure that's normal capital gains stuff though?
Yup! And it's generally still the best advice, drop and diversify.
They dumped $50 million the same week as the IPO? Talk about confidence in your company!
Also, they didn’t have any lockout period? That’s also bullshit. I worked for a company during an IPO some years back and nobody could sell their shares for something like a year!
My company is planning on IPO ina year or so, I think we're taxed 50% if we sell early.
I'm pretty sure that's normal capital gains stuff though?
Yup! And it's generally still the best advice, drop and diversify.