ok I have to say the word on the street about how the listing price was determined is ABSOLUTELY BANANAS and makes me simultaneously disgusted and impressed
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And the fact that directing listing is a 'new' way of listing. Only took half the day to start trading.
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It's not new, just the oldest trick in the book...
1. Ability for immediate insider selling.
2. Ability to sell the stock with absolutely no parameters.
3. Dual-shares structure that privileges insiders, making it easier to run the company without external governance.
#CeFi
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