Coinbase announces proposed direct listing

Re:Coinbase announces proposed direct listing by throwaway803453 on Thursday January 28, 2021 @08:22PM (#25952324)

For a direct listing, does that mean Coinbase could conceivably charge any price they want for a market order given they are the only seller when it is first listed ?

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Re:Coinbase announces proposed direct listing by lmm on Thursday January 28, 2021 @09:37PM (#25953009)

Other existing shareholders can sell as well (there's no lockup), and I guess short sellers could sell immediately? But yeah issuing a market on open order for a new stock would be a "courageous" move (but IMO that's true of any market order - don't use a market order instead of a limit order unless you're genuinely willing to buy at $999 / sell at $0.01).

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Re:Coinbase announces proposed direct listing by inadequatespace on Saturday January 30, 2021 @01:27PM (#25971499)

Could be a lockup still. There was for palantir.

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