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Bingo. The bigger story is that the float is not there so the companies are "public" in that they sell a small number of shares at IPO to get crazy market caps
by mcoliver 4mo ago
Bingo. The bigger story is that the float is not there so the companies are "public" in that they sell a small number of shares at IPO to get crazy market caps that then force the ETFs to buy stimulating demand. It's genius and infuriating at the same time.
- DanielHB 4mo agoIt is a one-time technique for private investors to extract money from pensions. I moved all my money outside US index and global index funds because of SpaceX and OpenAI. At least until these IPOs have passed I will not move any money back. The sheer size of these IPOs might trigger a market crash.
- eudamoniac 4mo agoShouldn't you have waited to move your money after the IPO but before the holding period for insiders expires?
- DanielHB 4mo agoI moved more than a year ago, the US stock market is basically just gambling by now.