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IPO Lockup Expiration: Virtu Financial

Summary

October 13, 2015 ends the 180-day lockup period on VIRT.

Four firms and nine individuals currently hold restricted shares, equalling the amount currently trading.

With VIRT stock trading well above its IPO price, some of these insiders could be ready to take profits.

We suggest shorting VIRT ahead of the event.

October 13, 2015 ends the 180-day lockup period on Virtu Financial Inc. .

With the conclusion of the lockup period, the company's pre-IPO shareholders will have an opportunity to sell their own shares totaling over 15 million units, roughly equal the shares trading on the open forum (~16.5 million). This potential for a sharp increase in the stock available in the secondary market could result in a dramatic decrease in the stock price.

We previewed this event on our IPO Insights platform.

Business Summary: Provider of Market Making and Liquidity Services to the Global Financial Industry

Virtu Financial provides market making and liquidity services to the global financial industry through its technology platform that provides quotes to both buyers and sellers in commodities, equities, options, fixed income debt securities, currencies and other types on securities across a wide variety of exchanges, liquidity pools and markets.

Currently, Virtu Financial operates in over 225 exchanges, liquidity pools and markets worldwide by providing quotes on over 11,000 securities and other financial instruments. They provides services in North, South and Central America, Europe, the Middle East, Africa, and Asia and other Pacific countries.

The company notes in its SEC filings that it performs as a market neutral trading...


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