Altice Is An Attractive Short
Dec. 11, 2017 12:34 PM • ATUS
When the ATUS IPO lockup expires on Dec. 19, 2017, the company's pre-IPO shareholders and insiders will finally be able to sell their restricted shares.
The number of shares restricted by the ATUS IPO lockup is sizable - more than 233 million are restricted by the lockup agreement and just 51.7 million are currently trading.
We believe it's likely that these insiders and pre-IPO shareholders will be eager to take some of their gains and that the market will be flooded with shares.
Dec. 19, 2017, concludes the 180-day lockup period on Altice USA, Inc. (NYSE:ATUS).
When the lockup period ends for ATUS, its pre-IPO shareholders, directors, and executives will have the chance to sell their more than 233.0 million outstanding shares. The potential for a sudden increase in stock available in the open market may cause a significant decrease in the price of Altice USA shares. Currently, just 51.7 million shares of ATUS are trading.