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For a direct listing, does that mean Coinbase could conceivably charge any price they want for a market order given they are the only seller when it is first li
by throwaway803453 6y ago
For a direct listing, does that mean Coinbase could conceivably charge any price they want for a market order given they are the only seller when it is first listed ?
- lmm 6y agoOther existing shareholders can sell as well (there's no lockup), and I guess short sellers could sell immediately? But yeah issuing a market on open order for a new stock would be a "courageous" move (but IMO that's true of any market order - don't use a market order instead of a limit order unless you're genuinely willing to buy at $999 / sell at $0.01).
- inadequatespace 6y agoCould be a lockup still. There was for palantir.