They are only selling a small % of the shares in the IPO and subsequent weeks.
With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply.
With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply.
It's manipulation.