Stock Track | MINIMAX-WP Plummets 5.41% Intraday as Major Post-IPO Lock-Up Expiry Triggers Selling Pressure
Stock Track
Jul 09
MINIMAX-WP's stock price experienced a significant decline of 5.41% during Thursday's intraday trading session.
The sharp drop followed the company's first major post-IPO lock-up expiry, which made approximately 146 million shares eligible for trading, representing 63% of total share capital and dramatically expanding the potential tradeable share pool. Despite public commitments from over 80% of pre-IPO and cornerstone shareholders to hold long-term, market participants expressed caution about potential profit-taking by financial investors who now have access to their shares.
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