Re:Report on Stablecoins [pdf]
by habitue on Monday November 01, 2021 @06:07PM
(#29073853)
It's a useful metric in one particular case, which is if you're looking to buy out the stock
[ Parent
| on HN ]
It depends on the stock and what each individual holder is prepared to sell for. So it's exactly the same. In a corporate buyout the individual sellers typically agree on a sale price, but that's a contract on top of the market. Without that in play you'd be subject to the same unknowns and market cap wouldn't guarantee any buyout price. Hostile takeover is one example.