> The losers will be the foolish late retail investor who buys on IPO day. (Since it will dump due to the institutions selling off)
As expected.
> 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.
As expected. Typical pump and dump activity and another set of FOMO bag holders sitting at the $424 a share mark.