Posted by: Market Watch in Market Information 45 minutes in the past Shares of JFrog Ltd. fell 4.0% in premarket buying and selling Monday,
Shares of JFrog Ltd. fell 4.0% in premarket buying and selling Monday, after the software program firm that went public in mid-September introduced the early lock-up launch of one-quarter of the locked-up shares. The corporate mentioned the value and different circumstances of the early launch had been happy on Nov. 20, which means 25% of the shares topic to lock up shall be eligible on the market as of the Nov. 25 opening bell. In JFrog’s submitting for its preliminary public providing, the corporate mentioned 88% of its excellent strange shares can be locked up, or not eligible on the market, for 180 days. At the moment, the corporate mentioned it had 88.68 million strange shares excellent after the IPO. Nov. 25 is 70 days after the inventory began buying and selling on Sept. 16, which priced at $44. The inventory has misplaced 5.8% for the reason that Sept. 16 shut by way of Friday, whereas the S&P 500 has gained 5.1% over the identical time.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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