Skip to content
24/7NewsPaper
Back to feed
The Economic Times — Marketseconomictimes.indiatimes.com

Shares worth $26 billion can soon hit market as IPO lock-ins end (opens original article in a new tab)

TL;DR

About $26 billion in shares from 71 companies will become available for sale as IPO lock-ins expire, potentially affecting stock prices.

  • About $26 billion worth of shares from 71 companies will become eligible for sale as IPO lock-ins expire between June 17 and September-end
  • Shares worth $15.96 billion from 31 companies, including ICICI Prudential AMC, will become eligible for sale in the next month
  • ICICI Prudential AMC's shares worth $11.87 billion, nearly 70% of its outstanding equity, will be unlocked on June 19
  • Analysts warn that the potential share sales could pressure stock prices if institutional demand cannot absorb the supply

Conversation

No comments yet

Threaded discussion is coming next — this is where the community conversation about this story will live.