COIN - Direct IPO Listing Comparison PLTR, WORK, ASAN, SPOT
COIN opened up, then tanked quickly, so I went to see what direct listings typically do.
Here are 4 others.
PLTR is the exception
WORK/Slack got bought by Salesforce which drove the price up
I see declining interest and pricing in the direct IPOs of late.
I picked up some COIN on open at $386, then sold as it dropped back down at $387 and am out.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Here are 4 others.
PLTR is the exception
WORK/Slack got bought by Salesforce which drove the price up
I see declining interest and pricing in the direct IPOs of late.
I picked up some COIN on open at $386, then sold as it dropped back down at $387 and am out.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*