PD - PagerDuty Could Get Sacked When Lockup Expires

This article was shared with PRO+ Tech subscribers - find out more here.

When the IPO lockup period ends for PagerDuty (PD) on October 8th, its pre-IPO shareholders and company insiders will have the opportunity to sell large blocks of currently-restricted stock. Currently, more than 64 million shares of PD are subject to the IPO lockup. The number of currently-restricted shares dwarfs the 9.07 million shares offered in the IPO.

(Source: S-1/A)

We expect that PD's pre-IPO shareholders and company insiders will be eager to cash in on some of

Read more ...