CANADA Law and Practice Contributed by: Grant McGlaughlin, Sean Stevens and Claire Gowdy, Fasken
10.3 IPO In addition to any escrows that may be required by the applicable stock exchange on which the target is to be listed (typically applicable to companies with less than CAD100 million market cap), the underwrit - ers will typically request lock-ups from private equity shareholders who do not sell concurrently with the IPO for a period of 60 to 180 days following the offer - ing. Arrangements are sometimes implemented to provide for board nomination rights and registration rights (secondary prospectus sales).
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