COIN IPO

You know its a full blown bubble when coinbase is the most valuable exchange on the planet


Coinbase is most valuable U.S. exchange after first day of trading
Last Updated: April 14, 2021 at 5:48 p.m. ET
First Published: April 14, 2021 at 1:34 p.m. ET
 
SunTrader said:
Well retail buyers had an opportunity to buy FB below its IPO opening price ....... if they waited.
More than 50% off in fact a couple of months later:-
View attachment 256862
Does it happen every time. Of course not. That is why it's called trading.
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Very true this year most well known IPO's didn't do well to start off. Such as: $Woof, $Posh $Ldi, $Bmbl, all have dropped significantly since IPO. You could get them at a discount now. Of course history will reveal all.
 
jnbadger said:
It wasn't an IPO. It was a direct listing, meaning they weren't raising new capital through the listing. The fact that it was a direct listing is why I was able to locate shares to short on the first day for only 6 cents per share.

https://www.marketwatch.com/story/c...ut-the-watershed-moment-in-crypto-11618350086
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True, Coin is a direct listing, not an IPO. There are no employee lockup periods, and it was expected for the volatility in the first few days due to employees cashing out. Look at Spotify, the same thing happened, spiked on the first day then dipped down. Took about a quarter for the price to settled down about 30% higher than the price of the first day’s close.
 
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