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A comment on Ubiquiti: Enterprise NAS, Built on ZFS. Parent comment

Re:Ubiquiti: Enterprise NAS, Built on ZFS by ksec on Thursday June 18, 2026 @04:57PM (#48591469)
I had to fact check this. Turns out it is true. I was not aware on US stock exchange you can have a public company with less than 10% public float.

This also makes the founder net worth of around $33B.

[ Parent | on HN ]
Re:Ubiquiti: Enterprise NAS, Built on ZFS by sandworm101 on Thursday June 18, 2026 @05:27PM (#48591870)
If you think that is bad, look into the spacex ipo. That tiny public offering is for stock that can barely vote and cannot bring shareholder actions, making them more NFTs than proper "shares" imho.
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Re:Ubiquiti: Enterprise NAS, Built on ZFS by tertius on Friday June 19, 2026 @01:13AM (#48594992)
It's not bad. Great returns, company is extremely well run.
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Re:Ubiquiti: Enterprise NAS, Built on ZFS by ksec on Saturday June 20, 2026 @01:59PM (#48611362)
I know about voting shares and shareholder actions in US stock because they are somewhat frequently sited in all press and media. I just didn't know about sub 10% float.

I know there are plenty of ways to go around it via trust funds or other entities to hide it so the ownership could be extremely concenrtated. But having it actually allowed is something I didn't know.

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