Tuesday, 29 December 2020

Coinbase: Please allow customers to participate in IPO

This is a request for Coinbase to do like Airbnb did and give their customers the option to participate in their IPO.

Proposal: give customers the option to buy up to $20,000 of Coinbase stock at IPO price.

I have a strong feeling that Coinbase will be pressured by Wall Street against this idea. Please upvote if you agree with this.

This is about an even playing field. We do not want to see the traditional IPO with bankers buying the stock at IPO price and selling it at a 50 percent or 100 premium to the general public.

We the users who have contributed to Coinbase’s success deserve this.

EDIT: to all those who say this isn’t technically possible... AIRBNB just did this 2 weeks ago at their IPO. I know because my friend (who is a host and not an accredited investor) bought 150 shares at IPO price.

Want proof? Okay: https://www.cnbc.com/2020/12/10/airbnb-hosts-profit-from-ipo-pop-spreading-wealth-beyond-investors.html

Edit: Apparently Uber and Lending Tree did something similar at their IPO as well

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