True or False
Please give at least 5 sentences explaining why it is true or false.
1. The purpose of a lockup provision is to keep individual investors from buying and selling stocks. When the lockup period expires, the share price commonly decreases significantly.
2. Initial public offerings (IPOs) tend to occur more frequently during bullish stock markets.
3. Initial public offerings (IPOs) perform poorly on the day following the IPO and well for periods of a year or longer after the IPO.