Re:Coinbase S-1
by richardwhiuk on Thursday February 25, 2021 @01:19PM
(#26266140)
That's standard surely? They will be issuing new stock which they will receive sales?
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In a Direct Listing, the company does not issue new shares. This doesn't mean they can't in the future, but it's just not part of the company's initial listing on the public markets.