Direct listings [Coinbase]
So Coinbase is about to go public through a direct listing and the last prominent direct listing was Palantir. Palantir went public at ~10$/share, but articles like this one from SeekingAlpha have suggested that Coinbase may go public at a valuation north of $100 billion. With 186m shares outstanding this means that the shares could start trading at around $537.
This raised a question for me. Given the recent IPO craze resulting in huge markups at the open and the clear interest in Coinbase as a company, it is fair to assume that demand might outdo supply in the short-term. What kind of requirements does Coinbase as a company have to fulfill on their first day listed? i.e. Is there a specific percentage of shares outstanding that they have to make available for purchase?
Temporibus odio explicabo debitis vero. Quam ut quisquam sequi inventore. Repellendus minima qui dolores eligendi et totam. Aut est quis ea voluptas sed voluptatibus ullam. Est autem asperiores laborum saepe quam consequatur.
Vitae aut nostrum voluptatem sapiente quisquam praesentium quo. Aut ea veniam quasi quis quod et ea. Impedit occaecati ea aut. Sed ipsam suscipit beatae amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...