Cerebras Systems Inc.'s Lock-Up Period Will End on November 10th (NASDAQ:CBRS)
3 Articles
3 Articles
Cerebras Systems Inc.'s Lock-Up Period Will End on November 10th (NASDAQ:CBRS)
Cerebras Systems' (NASDAQ:CBRS - Get Free Report) lock-up period will expire on Tuesday, November 10th. Cerebras Systems had issued 30,000,000 shares in its initial public offering on May 14th. The total size of the offering was $5,550,000,000 based on an initial share price of $185.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Cerebras stock has fallen 39% from its peak as lockup and earnings collide
Chief executive Andrew Feldman and chief technology officer Sean Lie sold over $240 million in stock between August 20 and September 25 under pre-set trading plans. A larger wave of unlocked shares arrives around November 9, just before third-quarter results on November 11.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
