alt Hacker NewsI had to fact check this. Turns out it is true. I was not aware on US stock exchange you can have a public company with less than 10% public float.
This also makes the founder net worth of around $33B.
I had to fact check this. Turns out it is true. I was not aware on US stock exchange you can have a public company with less than 10% public float.
This also makes the founder net worth of around $33B.
If you think that is bad, look into the spacex ipo. That tiny public offering is for stock that can barely vote and cannot bring shareholder actions, making them more NFTs than proper "shares" imho.