CION Investments Completes Liquidity Event
Congratulations to CION Investments ($CION) and their shareholders on completing the final stage of CION's three-part listing.
Over the past 24 hours, more than 1 million CION shares have traded. This is well above daily averages and is nearly the exact amount of unmet demand for liquidity observed during CION's most recent repurchase offer.
CION's listing not only proves how valuable pre-listing liquidity can be for shareholders, it also raises questions about the effectiveness of tiered liquidity events on reducing volatility.
Do they reduce volatility, or do they simply delay the inevitable?
Source: Cox Capital Partners, SEC Filings, Interactive Brokers.