FIGS - Figs Paymentus and other hot recent IPOs set to see lockups expire next week

Figs (NYSE:FIGS), Paymentus (NYSE:PAY) and several other companies that staged high-profile IPOs earlier this year will see their share lockups expire this coming week, offering possible catalysts for their price action. A big selloff or a lack thereof by insiders, pre-IPO investors and others who bought into an offering and had to keep their shares due to lockup provisions can often push a stock higher or lower. Here’s a look at the coming week’s major lockup expirations: Monday, Nov. 22 Paymentus (PAY). This fintech has had a big run since its May IPO, which priced at a top-of-range $21 a share. PAY, which helps businesses electronically bill customers and accept payments, rallied 36.2% in its first trading session and rose 86.8% over its first month to peak at $39.23 intraday. And while Paymentus (PAY) has dropped back some since then, the stock still ended Friday at $30.64, ahead 2.1% for

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Figs, Paymentus and other hot recent IPOs set to see lockups expire next week