CBOt -IPO

[FuturesTrader71]

Quote from JDE13158:

Does anyone know how long members will be required to hold their shares before selling?

There are 2 classes of shares. Class A is common stock and can be sold at any time. The material sent by the Board is numerous and thick. I haven't gone through it all, so I don't know what the rules are for Class B shares. Members got half of their holdings in Class A and half in Class B.

 

[shamrock]

Stock will be locked up for 6,12, and 18 months. 1/3 at a time will be unlocked. This is my understanding.

Seat owners were given a chance to be selling shareholders in the IPO. I think a small amount will be sold this way. Most seatholders will wait.

I hope this helps.