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Coinbase Leaders Net $1.2B in Share Sales

21 pointsby taytusalmost 3 years ago

1 comment

malshealmost 3 years ago
From the bottom of the article:<p>&quot;A big chunk of the share sales happened the first day of trading, as all four sold stock in Coinbase’s direct listing. In a direct listing, early investors typically sell portions of their total holdings to enable outsiders to buy into the company on the opening day of trading. Such sales are critical for direct listings to go smoothly, as the company typically doesn’t sell any shares, in contrast to an initial public offering.&quot;<p>So this article is just meant for manufacturing outrage?
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