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Krispy Kreme Doughnuts, Inc. Message Board

  • LAWJAKE LAWJAKE May 9, 2000 12:58 PM Flag

    how long hold on

    Does anyone know how long the institutional
    purchasers (those that purchased prior to the ipo) have to
    wait before they can sell their shares. I had heard
    that they have to wait to sell, but don't remember how
    long. thanks.

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    • When you think about it, SOMEONE has to be
      selling pre-IPO shares, otherwise there would be no
      aftermarket. I believe your question was answered by someone
      else (only individuals are punished for flipping), but
      if no one was allowed to sell, no one could buy,
      either. And institutions per se and not necessarily in
      the stock, unless you count the investment bankers
      who were given cherry deals to unload to the suckers.
      You won't see Fideility or Vanguard buying at these
      levels...

 
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