"approximately 554,968 shares issued in connection with our acquisition of IO Turbine will be eligible for sale at various times beginning on February 11, 2012; and
approximately 43,096,946 shares (including 691,941 shares issued in connection with our acquisition of IO Turbine) will be eligible for sale upon expiration of the lock-up agreements for this offering, at various times beginning on February 15, 2012 (of which up to 150,000 shares may be transferred at any time without restriction pursuant to the lock-up agreements in connection with charitable donations), subject to extensions under certain circumstances."
the prior lockup was for ~11 million shares and tanked the stock ~10%, wonder what this one will do? look out below...
If there are large institutions waiting to get big positions in FIO, the lock-up expiry will be absorbed. If the price action is smooth at expiry, and lots of shares trade, that would indicate heavy institutional position taking. The lock up expiry does not automatically mean the price tanks. It means FIO needs to hit the roadshow trail and get interest high among institutional buyers.