I really thought the 6 month thing for IPOs was a law…
But I really don’t know, I just no it was a weird and probably not intentional loophole when redditors were able to immediately sell their stock they got before the IPO.
Like. I don’t think its a “good faith” thing, if you get in before the IPO because you work for the company, theres no way around the wait.
The stock wouldn’t be subject to IPO laws because there was no IPO.
Trump Media ‘went public’ by being bought by another, already publicly traded, company. That company changed its appearance to become the current Trump Media thus bypassing the IPO process.
I am also learning here, but I always thought that any short positions or intended divestures had to be part of the prospectus. Otherwise the principals are open to a flurry of lawsuits. Not that those would scare him.
I really thought the 6 month thing for IPOs was a law…
But I really don’t know, I just no it was a weird and probably not intentional loophole when redditors were able to immediately sell their stock they got before the IPO.
Like. I don’t think its a “good faith” thing, if you get in before the IPO because you work for the company, theres no way around the wait.
But I might be wrong
The stock wouldn’t be subject to IPO laws because there was no IPO.
Trump Media ‘went public’ by being bought by another, already publicly traded, company. That company changed its appearance to become the current Trump Media thus bypassing the IPO process.
I am also learning here, but I always thought that any short positions or intended divestures had to be part of the prospectus. Otherwise the principals are open to a flurry of lawsuits. Not that those would scare him.
There was no prospectus.