Re:PagerDuty pops nearly 60% in debut as tech IPO market hea...
by remote_phone on Thursday April 11, 2019 @10:28PM
(#19641409)
Are you mixing up “ratchets” with “lockup periods”? Ratchets are guarantees for investors that IPO prices hit a certain value other wise they get trued up by a certain amount. This happened to Square for their IPO.
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