75 firms to see 31 bn worth of pre listing ipo shareholder lock ins expire by september 535921 2026 06 10

Lock-in expirations will cause minor, temporary downward pressure on EM equities (1-3%) in the immediate term. Global banking and US financials are expected to remain relatively insulated from this foreign selloff due to strong domestic buffers and capital flows. Main risk: If global liquidity tightens unexpectedly or if underlying corporate fundamentals prove weak across multiple sectors.

The expiration of a large block of pre-listing IPO shareholder lock-ins represents a significant supply increase in the secondary market for listed companies. This influx increases potential selling pressure, potentially leading to short-term downward price volatility or increased liquidity risk across multiple stocks/sectors (EM_MARKETS). The primary mechanism is an increased supply of sellable shares.