Hacker News new | ask | show | jobs
by thisisfmu 5489 days ago
Could this be due to short demand from insiders to protect the IPO value of their stock until the lock-up period expires?
1 comments

my colleagues have some finance background, they think it's because its a brand new stock, and current holders aren't sure what's going to happen so they don't want to decrease their agility by lending out shares to shorters. Long term holders would be more inclined to lend shares but its too soon for anyone to make a long-term commitment to LNKD.