SEBI cuts lock-in period for promoters to 18 months post-IPO

Markets regulator SEBI has reduced the minimum lock-in period for promoters’ investment post an initial public offering (IPO) to 18 months from three years, under certain conditions. The move comes at a time when many companies are looking to list on the stock exchanges. In addition, the Securities and Exchange Board of India (SEBI) has… Continue reading SEBI cuts lock-in period for promoters to 18 months post-IPO

Uber tumbles 9% in rocky stock market launch

(Reuters) – Uber Technologies Inc’s shares fell nearly 9% in their New York Stock Exchange debut on Friday, marking a rocky start for one of the most high-profile U.S. companies to go public since Facebook Inc seven years ago. The fall in shares undermined Uber’s strategy of pricing its oversubscribed IPO conservatively at $45 per… Continue reading Uber tumbles 9% in rocky stock market launch