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dehrmann
on April 14, 2021
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Coinbase from YC to DPO
Since this is a direct listing, imagine making the first trade. There's no price for it. You might be an institutional investor who negotiated a price beforehand with large shareholders. Or maybe it's a bunch of people yoloing it with limit orders.
nly
on April 14, 2021
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Stock exchange liquidity is dominated by market makers who will do their own assessment, or simply wait for price discovery
rawtxapp
on April 14, 2021
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I believe it starts with a reference price of 250$ per share.
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