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by JumpCrisscross 3445 days ago
Privately-held stock, i.e. restricted stock of non-reporting companies, can't be sold "to the public" and generally must held for at least one year [1], but other than that is quite transferable pre-IPO. That minimum holding time can vary, too, depending on circumstances. Most transfer restrictions are put in place by companies, not law.

[1] https://www.sec.gov/investor/pubs/rule144.htm
2 comments
caleblloyd 3445 days ago
It's not legal to go out and raise a bunch of money from unaccredited investors. Companies will most likely have to get approved for Regulation A+ by the SEC before Indiegogo agrees to sell ownership, in which case the shares are transferable once the offering is closed.
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jwn 3445 days ago
As far as the SEC is concerned you are correct, but it's possible to have additional (contractual) restrictions placed on a stock grant.
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