Money 2.0 Stuff: Can't stop the pop
July 20, 2020, 8:55PM EDT · 5 min read
- Initial Protocol Offering ‘pops’ continue
- Coinbase saves users from Twitter hack
IPOs The fundamental tension at play in IPO land is between rewarding early buyers and maximizing issuer proceeds. Resolving this tension has historically proven rather difficult. Matt Levine has a good theory on why “pops” might be an acceptable bi-product of IPOs. Some market participants are willing to provide large volumes of liquidity for an […]
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