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Coinbase had IPO, meaning serious business bought their shares, hedge and pension funds - I would be careful expecting any kind of normalcy in the next 2-3 year
by bitL 5y ago
Coinbase had IPO, meaning serious business bought their shares, hedge and pension funds - I would be careful expecting any kind of normalcy in the next 2-3 years.
- dehrmann 5y agoCoinbase had a direct listing. There was no roadshow to line up institutional investors. I'm sure some big-time investors bought shares, but I'm sure some retail ones did, too. You know who sold? Early Coinbase investors and employees.
- m463 5y agoThat's normal. The primary moneymaking product of small startups is ... stock.
- 99_00 5y ago>serious business bought their shares, hedge and pension funds Your assuming that proves a point, but it doesn't.