OTLY - Oatly Procore and other recent IPOs to see lockup expirations this coming week
Four recent IPOs will see their lockup periods expire this coming week, with Oprah Winfrey-backed Oatly (NASDAQ:OTLY) and Procore Technologies (NYSE:PCOR) among the highest-profile names set to do so. Such expirations can prompt volatile trading in a name as insiders and pre-IPO investors either sell shares or decide to hang on to them. Here’s a calendar of the coming week’s major lockup expirations: Monday, Nov. 15 Jiuzi Holdings (NASDAQ:JZXN). Jiuzi, a chain of Chinese dealerships for electric vehicles and plug-in hybrids, staged a U.S. IPO in May at $5 a share that shot up as much as 880% in its first session to a $49.01 intraday high. However, shares quickly ran out of juice, and JZXN ended Friday’s session at $2.33 ? 53.4% below their IPO price. Tuesday, Nov. 16 Oatly Group (OTLY). This popular oatmilk maker went public in May with pre-IPO backing from not only Winfrey, but also
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Oatly, Procore and other recent IPOs to see lockup expirations this coming week