How the IPO Lock-Up Quietly Stopped Protecting the Public Buyer

The lock-up is meant to shield new public shareholders in the fragile early months of a listing. But it was never a law — only a private handshake, enforced by the same financial institutions that get paid when it is broken

#IPO, #LockUp, #PrivateEquity, ,#CapitalMarkets ,#MarketStructure, #Underwriting ,#Liquidity, #Allocators, #PunjabCapitalResearch, #CapitalInsights

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The Denial & the Drawdown | How India's Reserve Opacity Became a Policy Instrument

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The Equity Terminus | What Spanx's Quiet Sale to HPS / BlackRock Reveals about Private Credit Cycle