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Technology Stocks : ONI Systems Corp. (ONIS)

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To: 2MAR$ who wrote (52)10/2/2000 12:57:32 AM
From: r.edwards  Read Replies (1) of 227
 
The shareholders who are selling agreed to ''lock-up'' restrictions on further sales for 90 days after the offering is completed, ONI said in a news release. The agreements extend an earlier lock-up period related to the company's IPO, which was managed by Goldman, Sachs & Co. Such restrictions, put in place in the form of agreements between investment banks and pre-IPO shareholders, are a common part of bringing companies public.

cnetinvestor.com
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