March 19, 2018, concludes the 180-day lockup period on Best Incorporated (NYSE: BSTI).
When the lockup period ends for Best Inc., its pre-IPO shareholders and insiders will finally have the chance to sell large blocks of previously-restricted stock. Just 12.2 of shares outstanding are currently freely transferable.
A sudden increase in shares traded on the secondary market will likely negatively impact the stock price of Best Inc. in the short term. This group of pre-IPO shareholders and insiders is comprised of numerous individuals and 10 corporate entities.