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S2 E6: Digging Into Allbirds / Subject Lines That Sell / The Best Kept Secret in E-Commerce
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Is It Normal for a Company to Just Sell All Their Shares at IPO?
Tiger Global sold $0 on the business IPO. They owned 11% of the business today. Fidelity had invested in the business and they're like, we're not going to sell any at IPO. And when the business went public, Fidelity, you know, it's worth $155 million. Today, those shares are worth $18.5 million. Isn't that bananas?
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