Lock-Up Agreement

简明释义

锁定协议

英英释义

例句

1.During the negotiation, they discussed the implications of the Lock-Up Agreement (锁定协议) on future fundraising.

在谈判过程中，他们讨论了Lock-Up Agreement (锁定协议) 对未来融资的影响。

2.Investors must adhere to the terms outlined in the Lock-Up Agreement (锁定协议) to prevent early selling of shares.

投资者必须遵守<自身>锁定协议 (锁定协议) 中规定的条款，以防止提前出售股票。

3.After the expiration of the Lock-Up Agreement (锁定协议), many shareholders decided to sell their stocks.

在Lock-Up Agreement (锁定协议) 到期后，许多股东决定出售他们的股票。

4.The Lock-Up Agreement (锁定协议) restricts insiders from selling their shares for a specified period.

该Lock-Up Agreement (锁定协议) 限制内部人士在指定期限内出售其股份。

5.The company implemented a Lock-Up Agreement (锁定协议) for six months after the IPO to stabilize the stock price.

公司在首次公开募股后实施了为期六个月的Lock-Up Agreement (锁定协议)，以稳定股价。

作文

In the world of finance and investment, understanding various terms and agreements is crucial for making informed decisions. One such term that frequently arises during initial public offerings (IPOs) and other investment scenarios is the Lock-Up Agreement. A Lock-Up Agreement is a contract between company insiders, such as executives and employees, and underwriters that restricts the sale of shares for a specific period following an IPO. This period typically lasts from 90 to 180 days, although it can vary based on the terms agreed upon. The primary purpose of a Lock-Up Agreement is to prevent a sudden influx of shares into the market, which could potentially devalue the stock price immediately after it begins trading publicly.The rationale behind implementing a Lock-Up Agreement is to instill confidence in new investors. When insiders are not allowed to sell their shares right away, it signals to the market that they believe in the long-term potential of the company. This restriction helps maintain stability in the stock price and protects the interests of early investors who buy shares during the IPO. If insiders were permitted to sell their shares immediately, it could lead to a significant drop in stock prices due to oversupply, causing panic among investors.Moreover, a Lock-Up Agreement serves as a safeguard against market manipulation. By limiting the number of shares that can be sold shortly after an IPO, the agreement helps to mitigate the risk of coordinated selling by insiders, which could artificially inflate or deflate the stock price. This protection is particularly important in volatile markets where investor sentiment can shift rapidly.However, the expiration of a Lock-Up Agreement can lead to increased volatility in the stock's price. Once the lock-up period ends, insiders may choose to sell their shares, leading to a surge in the supply of shares available in the market. Investors often watch the end of the lock-up period closely, as it can indicate potential changes in stock performance. If a large number of insiders sell their shares at once, it may suggest a lack of confidence in the company's future, prompting other investors to sell as well.In conclusion, a Lock-Up Agreement plays a vital role in the IPO process and overall market stability. It helps to build trust among investors by preventing immediate sell-offs by insiders and maintaining a balanced supply of shares in the market. Understanding the implications of a Lock-Up Agreement is essential for anyone looking to invest in newly public companies, as it can significantly impact stock performance in both the short and long term. As investors navigate the complexities of the stock market, being aware of such agreements will aid them in making more informed investment choices, ultimately contributing to their financial success.

在金融和投资的世界中，理解各种术语和协议对于做出明智的决策至关重要。一个在首次公开募股（IPO）和其他投资场景中经常出现的术语是锁定协议。锁定协议是公司内部人士（如高管和员工）与承销商之间的合同，限制在IPO后的一段特定时间内出售股票。这段时间通常持续90到180天，尽管根据达成的条款可能有所不同。锁定协议的主要目的是防止股票市场上突然涌入大量股票，这可能会导致股票价格在公开交易后立即贬值。实施锁定协议的理由是为了增强新投资者的信心。当内部人士不被允许立即出售他们的股票时，这向市场发出了他们相信公司长期潜力的信号。这种限制有助于维持股票价格的稳定，并保护在IPO期间购买股票的早期投资者的利益。如果内部人士被允许立即出售他们的股票，可能会由于供给过剩而导致股票价格大幅下跌，从而引发投资者的恐慌。此外，锁定协议还作为一种防范市场操纵的保障。通过限制可以在IPO后短期内出售的股票数量，该协议有助于减少内部人士协调出售的风险，这可能会人为地抬高或压低股票价格。这种保护在市场波动较大的情况下尤为重要，因为投资者情绪可以迅速变化。然而，锁定协议的到期可能会导致股票价格的波动性增加。一旦锁定期结束，内部人士可能会选择出售他们的股票，导致市场上可供出售的股票数量激增。投资者通常会密切关注锁定期的结束，因为这可能会表明股票表现的潜在变化。如果大量内部人士同时出售他们的股票，这可能表明对公司未来缺乏信心，从而促使其他投资者也出售股票。总之，锁定协议在IPO过程中和整体市场稳定中发挥着至关重要的作用。它通过防止内部人士的即时抛售来帮助建立投资者之间的信任，并维持市场上股票的平衡供应。理解锁定协议的影响对于任何希望投资新上市公司的投资者来说都是至关重要的，因为它可能会显著影响股票在短期和长期的表现。当投资者在复杂的股票市场中导航时，了解这些协议将帮助他们做出更明智的投资选择，最终促进他们的财务成功。