Coinbase was listed on the 14th of April and managed to mark the top of Bitcoin price, for now:
Bitcoin price chart, source: yahoo.finance.com^3
Coinbase stock price roughly tracked the overall market since listing:
Coinbase price chart, source: yahoo.finance.com^2
BTC is down by 49% and Coinbase is down 39% since listing.
Insiders have sold a total amount of 12,4 million shares between the 14th of April and the 24th of May, at prices ranging from $225 to $289^1. Total shares outstanding is 142 million.
Remember, insider sales is the only way to create initial liquidity in a direct listing.
Cathy Wood has become the largest new investor. She now holds a combined 3,59% of outstanding shares across 3 ARK ETFs.
Find company filings at the SEC's Edgar database
Vote for my witness: @blue-witness
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STOPInteresting, I hadn't paid much attention to how it was going.
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