Concerning a New Issue of Stock, a Lock-Up Refers to

Multiple Choice

Concerning a new issue of stock, a lock-up refers to

A) a guaranteed profit on the initial purchase
B) a guaranteed profit to the underwriter
C) the requirement that shares purchased by insiders prior to an initial public offering must retain those shares for a specified period
D) initial buyers of the stock in the IPO must hold the shares for a specified period of time