Yeah congratulations to the Coinbase founders, employees, VCs, investors and institutions who have a stake in Coinbase. They are the real winners in this IPO.
The losers will be the foolish late retail investor who buys on IPO day. (Since it will dump due to the institutions selling off) and the past employees who walked out due to Coinbase's stance during the woke revolt of 2020.
Surely they will now tell you that it was all worth it. /s For them, they can now buy it again for >$200 a share on IPO day with a smile on their face like the rest of us. :)
Downvoters: So you want to buy Coinbase stock at over $200 a share on IPO day and be holding the bag when it drops when the founders, investors and employees start selling 10% of their shares? Sounds like a FOMO investor mindset to have.