ASO share statistics discussion/questions
A little background to begin. ASO IPO’d in October, it’s trading roughly 100% higher than ipo price. Myself and others have made posts about the business and it being a solid play. It’s a strong company and Er is next week, one day before ipo lockup ends. I’m confident it will do well, and see it being ~$30 by summer no matter what barring a market crash. That’s not where I have questions.
My questions start here. Specifically with regard to ipo lockup share. Can they be lent out for shorting during the lockup period? I’ve searched and can’t find an answer there.
From what I’ve found a shareholder that has lent shares (again no idea about the locked shares, but in general) can just put in a close order and the broker just sells from their own inventory and credit the shareholders account with the proceeds, and the broker becomes the lender whom the lent shares need to be returned to. So there’a nothing really interesting there.
ASO is 70% owned by tutes, and by outstanding shares shorted 15% so not overly interesting in the post covid crash era. 48% of the float is short by the latest numbers
And before the comments come in, yes I know how squeezes actually work, I know not everything is a squeeze, I’m not in it for that alone, it’s a bonus. I’m already sold on the business and the strong fundamentals. I’m more curious what other not absolutely retarded folk think (more importantly know) about the ipo share function and if it actually acts a detriment to a potential squeeze happening because of the lockup shares. Either way I’m expecting a solid er and a nice little run, if for no other reason for the ipo buyers to make maximum tendies.
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March 25, 2021 at 10:47PM