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Business, 20.04.2021 21:00 brenda0113hernandez

Jerome Lloyd’s eight grandchildren each owned equal shares of the company he started, the Lloyd Company, which produces lawn and garden tools. In order to raise money for expansion, the company recently went through an IPO. As the pre-IPO shareholders, the Lloyd grandchildren are not allowed to sell their shares for 180 days after the IPO. This is known as a .

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