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Palantir Plans Lockup for Direct Listing, Breaking With Convention

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Palantir Technologies is planning an unusual feature for its direct listing next month: a partial lockup.

The data analysis software firm told investors that they would have to hold onto most of their shares for several months after the company lists its stock publicly, two people familiar with the matter said. Investors would still be able to sell some of their shares immediately—about 20%— one of the people said.

Source: https://www.theinformation.com/articles/palantir-plans-lockup-for-direct-listing-breaking-with-convention

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