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Coinbase CEO Sold $291.8M in Shares on Opening Day (yahoo.com)
1 point by aent on April 18, 2021 | hide | past | favorite | 3 comments



The replies suggest it's not unusual or alarming

> This is exactly how a direct sale works as opposed to an > IPO. Because no additional shares are created in a direct > sale, the initial investors have to make a large % of > their holdings available or there would be no stock for > the public to buy. > This is to be expected. Relax.


Quite normal for a direct listing. Otherwise not enough shares would be available. Also look at the stock options. C level is very well incentivized.




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