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3 New Bets by a Biotech Hedge Fund

Courtesy of Benzinga.

Splunk Inc. (NASDAQ: SPLK) announced today that Morgan Stanley & Co. LLC, the lead book-running manager of Splunk’s initial public offering in April 2012, is releasing a lock-up restriction with respect to certain shares of Splunk’s common stock held by certain officers and directors of Splunk. The release will take effect concurrently with Splunk’s recently announced secondary offering.

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