I apologize if I misunderstood. Isn't this a direct listing? At what point do re... | Hacker News

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		cbhl on Jan 29, 2021 \| parent \| context \| favorite \| on: Coinbase announces proposed direct listing I apologize if I misunderstood. Isn't this a direct listing? At what point do retail investors get to participate in an auction?

harryh on Jan 29, 2021 [–]

Retail investors (and any other investors) submit orders before the new security begins to trade. The first thing that happens on open is an auction.

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