Unity Software Allowing Employees to Sell Company Shares on Day One
The latest tech company to hit the market is letting its workers hit the market, too. Unity Software (NYSE: U) said in a regulatory filing that all of its employees will be immediately allowed to sell some of the shares they have been granted in their company. Those workers are being allowed to sell up to 15% of the total vested shares in their possession.
Following its rather untraditional initial public offering (IPO), Unity debuted on the New York Stock Exchange on Friday. The latest in a clutch of recent tech IPOs feeding a market ravenous for new issues, the company's stock blasted 31% higher than its issue price.
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Source Fool.com
