/biz/ - Business & Finance

>>30378903
>>30388701
Can somebody explain this fucking blurb in a forbes article about coinbase IPO?
>Notably, in an IPO, a company going public typically issues new shares of stock to raise new capital. In a direct listing, a company isn’t looking to raise additional capital—its employees and investors are selling their existing shares of stock to the public.

Direct listings don't raise additional capital? What the fuck? does that mean they're only going public so that existing owners can cash out? Am I missing something?

from https://www.forbes.com/advisor/investing/coinbase-ipo-direct-listing/

>>30262784
based