What is a lockup release?
A-share IPOs, private placements and equity incentive plans issue some shares as restricted stock that cannot trade until the lockup expires. The release date is when those shares become tradable on the secondary market.
Common share types
- Pre-IPO holdings: Pre-existing shareholders at IPO time, typically locked up 1-3 years.
- Strategic placements: Allocated to strategic investors at IPO.
- Private placement: Shares issued via non-public offering; lockup usually 6-18 months.
- Equity incentive: Employee stock plans / options, vesting in tranches per the plan.
- Voluntary extensions: Lockups extended voluntarily by original holders.
How to use it
- Count & total shares: Forward supply pressure; a single day with a large unlock often draws attention to potential selling.
- Share type matters: Disposal intent and regulatory treatment differ significantly across IPO, private-placement and incentive unlocks.
- Release ≠ sell-off: The unlock makes shares tradable, but actual disposal depends on holders' decisions and company fundamentals.
- Cross-check with company filings, recent shareholder disclosures and valuation before drawing conclusions.
Data notes
Data is sourced from Eastmoney's public endpoints and aggregated from company filings. Reporting conventions can differ slightly from the official announcements — always defer to the company's filing for compliance.