As reported here [1]: Unlike most tech founders, Armstrong will be able to sell shares right away after Coinbase goes public. That’s because there’s no lock-up

As reported here [1]: Unlike most tech founders, Armstrong will be able to sell shares right away after Coinbase goes public. That’s because there’s no lock-up period as part of Coinbase’s direct listing, which differs from an IPO in that the company doesn’t raise fresh capital but instead allows existing shareholders to sell stock on the open market. [1] https://www.cnbc.com/2021/03/23/coinbase-ceo-armstrong-owns-close-to-14-billion-of-stock-before-debut.html https://www.cnbc.com/2021/03/23/coinbase-ceo-armstrong-owns-...