Earlier quoted context omitted.
This is always how it works. Institutionals always get first dibs (and the middle, and the last)
Do you see anything wrong with that?
Better question: Do you see anything right with that?
Coinbase announces proposed direct listing
81–90 of 222 posts
Re: Coinbase announces proposed direct listing
#82If they were smart, they'd price it like at 2 dollars a share
Re: Coinbase announces proposed direct listing
#83Re: Coinbase announces proposed direct listing
#84Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?
The usual alternative is Wordpress.
Which, honestly, is frequently deployed so poorly that it becomes an attack vector.
Re: Coinbase announces proposed direct listing
#85Curious what the accounting rules are around their BTC on the balance sheet. Would be wild if they had to mark to market.
They hold their crypto in grayscale. They'll dump IPO cash into the market and spike the price so their grayscale assets blow up.
Re: Coinbase announces proposed direct listing
#86What are the odds of this. The cofounder of reddit, Alexis Ohanian, owns a capital firm called Initialized Capital. That firm owns coinbase. https://blog.coinbase.com/coinbase-announces-proposed-direct...
Can confirm we own a portion of Coinbase but not the whole thing (if only) :-)
Re: Coinbase announces proposed direct listing
#87Re: Coinbase announces proposed direct listing
#88Given the hype, the most likely scenario is a > 2X price spike in the first few minutes of trading regardless of the initial market cap ($100B+?). For those of us who believe that, what is the best strategy for purchasing shares ? It's doubtful brokers will allow market orders the previous night since the ticker might not yet exist, and if one places a market order during the first few minutes the cynic in me predict…
This is always how it works. Institutionals always get first dibs (and the middle, and the last)
After a new listing, retail can buy at the same instant as institutions, as long as the retail broker allows it, and many do.
Re: Coinbase announces proposed direct listing
#89Earlier quoted context omitted.
Nope, I doubt it. It's much easier to sell shovels and still benefit whether the price goes up or down.
If price will reach 1,200$ in next three years I think the volume will be much lower
This will be the main mechanism positively correlating BTC price with Coinbase's stock price. The correlation will be weaker than that with MARA and RIOT though.
Re: Coinbase announces proposed direct listing
#90Why isn't Coinbase doing a security token offering?
Because it is a technology company built with traditional fiat investments.