IPO Lock-up expirations; An empirical study on the Nordic market during 2009-2016
Purpose: The purpose of this study is to investigate whether abnormal returns can be observed in stock prices after the expiration of lock-up periods related to an IPO. In addition, the purpose is to analyse if private equity/venture capital (PEVC) ownership, the use of staggered lock-ups and the length of lock-up periods affect this return. Methodology: This event study examines how the market re
