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Re:The Airbnbs by nrmitchi on Thursday December 10, 2020 @02:18PM (#25377300)
The IPO price is for new shares which are created, and sold by the company.

VCs + founders would have been diluted a bit by that (~8% I think?) but they typically[0] still own all of the shares that they did previously.

[0] In some situations founders + VCs + early-employees can sell as part of the IPO itself. I do not know if that applied here.

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