Your IPO Is Not Payday: Reading the Lock-Up Window
An IPO lock-up turns a startup exit into a staged liquidity schedule, so the first sellable date and amount matter more than the exit itself.
Exits
September 2026
What Is a Startup Exit? A Map for M&A, IPO, and Secondary Sales
A startup exit is a liquidity event, not a trophy: see who pays, when you get paid, and what your equity actually becomes.
Lumino's 118x IPO subscription: tradable shares, not startup liquidity
An allotment status assigns public shares; it does not make private startup equity liquid.
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