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For those in charge, it probably worked great. VCs likely dumped their shares on the secondary market right before or after the IPO. (thus completing the "dump"
by jjeaff 7y ago
For those in charge, it probably worked great. VCs likely dumped their shares on the secondary market right before or after the IPO. (thus completing the "dump" portion of the traditional "pump and dump" scam.)
- raiyu 7y agoWith the number of board members resigning post IPO there is a high chance that many shares will be sold once the lock up expires. They wouldn't sell before the IPO as would depress the stock price significantly.