MasterCard lockup expiring on 275,000 shares
By Steve Gelsi
Last Update: 2:53 PM ET Nov 8, 2006
NEW YORK (MarketWatch) -- About 275,000 shares of MasterCard (MA) will be eligible for sale on Nov. 20, according to public filings by employees and lockup provisions surrounding its initial public offering. Some 60 million shares held by J.P. Morgan (JPM) , Citigroup (C) , Bank of America (BAC) , and HSBC (HBC) have a lockup period of four years after the IPO. MasterCard went public May 25 at $39 a share, offering 66.1 million shares including overallotment stock, for total proceeds of about $2.58 billion.