Klaviyo

Company · US · 1 documents

Key number

4.42%

Average market-adjusted return. Oxford Journal of Student Scholarship p.1

Key number

4.07%

Average raw short return. Oxford Journal of Student Scholarship p.1

Market Efficiency and Predictable Supply Shocks: Short-Selling Returns Around IPO Lockups

Research paperOxford Journal of Student ScholarshipOctober 202621 pages

A systematic backtest on 26 usable post-listing restricted-share events from 2020 through 2025 evaluated short-selling returns around lockup expirations.