![]() ![]() The restricted groups include directors, key employees. There is greater NPL (non-performing loans) in the country than in Brazil, since, according to Nubank, Mexico has 12% of the population with credit, indicating greater “consumer pain”. During this period, insiders and blockholders are precluded from selling their shares in the open market. When this period ends, the trading restrictions get removed. The lockup usually lasts between 90 and 180 days. Mexico is beating Brazil in NPS (net promoting score) metrics. A lockup period is a contract that states there is a period after a company goes public when the major shareholders are not allowed to sell their shares. Lock-up agreements, within the initial public offering topic, often prohibit insider shareholders from trade their securities for a specified time period.The company said it is capitalized enough to continue expanding the ecosystem, including through M&As If stock options vest before the IPO, employees may have to wait until after the lock-up period to exercise their options.The fintech said it was created in the midst of recessions in Brazil and knows how to navigate these cycles.Nubank expects that as the credit portfolio grows, margins should increase.Nubank grew its loan portfolio to $8.8 billion, “maintaining healthy credit levels,” said Vélez, at an investor conference after the results were released. Learning that the lockup provision prevents the immediate sales of a portion of shares for a pre-specified time, the supply of shares will be controlled. Current shareholders of a stock with an upcoming lock-up period should be aware of the possible negative effect the expiration can have on a stock. It is more expensive to finance a company that does not make substantial short-term profits. Credit, money for tech companies that are big on cash, is getting more expensive. ![]()
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