My experiences through GrubHub's IPO from start to finish
Very interesting and educational read. Even if you know a little bit about how IPOs work, reading through the complete timeline helps understand the roles and the steps involved.<p>One question that came after reading:<p><pre><code>    The underwriter won’t move forward unless they get a very
    high percentage (99-100%) of employees/shareholders to sign
    a lock-up.
</code></pre>
What are the incentives for employees to sign such an agreement? It sounds like the only point in the process where an (organized) group of employees could have <i>some</i> leverage?