Private Equity Firms Rapidly Sell Shares After Recent IPOs
Several private equity-backed companies are offloading shares shortly after their initial public offerings (IPOs), often bypassing or shortening traditional lock-up periods. Forgent Power Solutions, backed by Neos Partners, conducted multiple follow-on stock offerings within its 180-day lock-up window, raising over $6 billion in proceeds and significantly reducing the PE firm's ownership stake.
Topics: IPO lock-up period private equity share sales