The insiders are selling. Founders of some of the year’s hottest stocks have taken advantage of the market run to bank hundreds of millions of dollars of profits over the past few weeks.
Just this week, Zip founder Larry Diamond sold $100 million of shares while the founders of surging medical software play Pro Medicus Sam Hupert and Anthony Hall offloaded $513 million worth of shares.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
