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A comment on Coinbase announces proposed direct listing. Parent comment

Re:Coinbase announces proposed direct listing by cbhl on Friday January 29, 2021 @03:45PM (#25962269)
I apologize if I misunderstood. Isn't this a direct listing? At what point do retail investors get to participate in an auction?
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Re:Coinbase announces proposed direct listing by harryh on Friday January 29, 2021 @04:30PM (#25962840)
Retail investors (and any other investors) submit orders before the new security begins to trade. The first thing that happens on open is an auction.
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