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The Echoes of Summer Past

There are only two lockup expirations this week, the result of last August's IPO mini-holiday.

Where are all the lockup expirations? Good question.

What we're seeing now is the inevitable echo of that period late last August when the flow of IPO deals slowed to a trickle. If you don't remember that, this week's obvious lack of expiring lockups should serve as a reminder of just how barren the calendar was just before the Labor Day weekend.

Never the less, there


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two expirations in the table and we would be remiss not to point them out to you.

Take a look:

Ben Holmes is the founder of, a Boulder, Colo.-based research boutique (now a wholly-owned subsidiary of specializing in the analysis of equity syndicate offerings. This column is not meant as investment advice; it is instead meant to provide insight into the methods of new and secondary offerings. Neither Holmes nor his firm has entered indications of interest in any of the companies discussed in this column. Holmes' This Week in IPOs column appears Sundays, This Week's Secondaries appears Tuesdays, Upcoming Lockup Expirations appears Wednesdays and The Quiet Period appears on Fridays. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Holmes appreciates your feedback at