Naked Shorting In The Uber IPO: It Couldn’t Happen On A Blockchain
- Thursday, May 16, 2019, 17:46
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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.
https://www.forbes.com/sites/caitlinlong/2019/05/16/naked-shorting-in-the-uber-ipo-it-couldnt-happen-on-a-blockchain/
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