$MBLY - IPO Share Lock Up Expiry on April 24, 2023

Kevin · March 14, 2023, 7:08am

I popped in on 5Rivers and saw this curious idea, so decided to look into it a bit:

As per the IPO:

MBLY agreed to offer 41.00 million shares at a price of $21.00 per share, with an insider lock-up period of 180 days, ending on April 24, 2023.

The latest 10-K and their S-1/A confirm 750,000,000 shares owned by Intel that should unlock on April 24, 2023.

They IPO’d at $21.00/share and they’ve done exceptionally well since, now at $40.

Just getting the groundwork going for this. Thoughts?

Any Intel experts able to comment on whether they think Intel would sell or not?

Kevin · March 14, 2023, 7:31am

Kevin · April 27, 2023, 11:45pm

I didn’t play this and I don’t think anyone else did either but providing an update for posterity.

There was no post-unlock dump on April 24, 25, or 26.

However, the stock was down 25% today at open because of earnings.