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How did these "naked shorts" clear the trading floor if there was no one selling them? What is the real technicality here as "naked shorts" are not illegal per
by ganeshkrishnan 7y ago
How did these "naked shorts" clear the trading floor if there was no one selling them? What is the real technicality here as "naked shorts" are not illegal per se.
- airstrike 7y agoMS as the underwriter sold more than 100% of the shares, which means it was effectively shorting. Also worth noting "naked shorts" and "naked shorting" are two different things... https://www.bloomberg.com/opinion/articles/2019-05-15/wework-separates-buildings-and-beer#footnote-5 https://www.bloomberg.com/opinion/articles/2019-05-15/wework...
- ganeshkrishnan 7y agoInteresting tidbit. I was not aware of the difference