The next morning, at the Zhuxianzhuang Science and Technology Park, Pinbei Headquarters Building.
Xiong Li, the General Manager of HR, and Zhang Junjie, the Vice President, had booked all the conference rooms and meeting halls on the first and second floors. They were taking turns explaining the procedures for exercising stock options, the rules of the lock-up period, and matters like foreign exchange registration to the employees of various departments.
Simply put, selling company stock was prohibited for six months after the IPO. After that, they could legally sell off their shares in accordance with the New York Stock Exchange regulations.
For the earliest batch of employees who joined Pinbei, 50% of their equity would have vested by then.
If they held 10,000 shares, half of that would be worth 200,000 US dollars at the issue price.
Everyone had a brilliant smile on their face.
An unconcealable excitement filled the entire company!
