What an IPO Lockup Is and How to Find When It Ends
The lockup decides when pre-IPO shareholders, including employees with RSUs, can first sell. Here is where the terms are written and how they are usually structured.
Category: IPOs & SPACs
IPO filings, pricing and first-day trading facts, SPAC mergers and lockup expirations, plus plain-English guides to how listings work.
How to Read an S-1: The IPO Prospectus Sections That Matter
Where to find an IPO prospectus, which sections answer the questions investors and employees ask, and how the S-1/A amendments and final 424B4 fit together, using Figma's 2025 filing as an example.
How an IPO Works, From the S-1 Filing to the First Trade
An initial public offering follows a set sequence of filings and steps. This guide walks through each one, using Figma's 2025 listing as a worked example.
What Is a Reverse Merger and How Is It Different From an IPO?
Some companies reach the stock market without an IPO by taking over a public shell or a struggling listed company. How the deal works, what gets filed and what old shareholders keep.
What Is a SPAC? How Blank-Check Companies and De-SPACs Work
A SPAC goes public first and finds a business later. Here is how the trust account, the deadline, redemption rights and warrants work, and what the SEC's 2024 rules changed.
Direct Listing vs IPO vs SPAC: Three Ways a Company Goes Public
The three routes to a stock exchange differ in who sets the price, whether new money is raised and how soon insiders can sell. Here they are side by side, with real examples.