Naked Shorting In The Uber IPO: It Couldn't Happen On A Blockchain |
| May 17, 2019 | May 2019 Bond Updates |
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Naked-shorting, which is normally illegal and can't occur on a blockchain, did occur in Uber's troubled IPO. It hurt investors but was legal. Naked shorting in IPOs has altered the relative power between banks, issuers and investors--banks now have less fear of losses from pricing an IPO too high. |
| View more at: https://www.forbes.com/sites/caitlinlong/2019/05/16/naked-shorting-in-the-uber-ipo-it-couldnt-happen-on-a-blockchain/ |