Unless the play is the fleece retail investors

True, although even here there likely aren’t enough retail suckers to go around given the amount of initial investment folks need to cash in. Thats the challenge when you have so much crazy pre-IPO cash pumped in.

After you float you still need to sell all those shares at the valuations you want to exit. If they floated say 10% of shares to go public and the price tanks everyone else trying to exit loses their shirt so it’s not a magic exit for the early investors.

The size of these companies make be doubtful of retail being able to fund them. There being enough retail investors with enough liquid funds who are willing to jump on this.

Lot of retail is in various funds. So those doing active management to scale of this is questionable. And then you most likely also have downward pressure for those that try to bet against these IPOs...

There's always the Softbanks of the world.

[dead]

Boomers are the perfect suckers at this point

My boomer mom is the kind of person who just heard about AI and would get IPO fomo

Older people are always a good target for any scams. With age their mental acuity drops and they also have diminishing importance in society as sad as that sounds. They are not just easier but also safer targets for the scammers. Authorities don't bend over backwards to help when the victims are old people with no leverage left.

That would have worked better a month ago. The money is drying up. And the Gulf money is gone for the next 3 quarters in the best case.

Judging by what has happened last night with Qatar's LNG installations I'd say at leat the next 3 years. Unless the war were to stop right at this moment, but slim chances for that.

there arent enough retail investors in the world to buy this ipo

but they will get a lot of flow from sovereign wealth fund and pensions

you might wonder why anthropic spend time in australia, a country with less economy than canada and almost no industry at all? likely because it has very big pension fund pool to buy their ipo

Retail investors do just fine fleecing themselves on their own

The term fleecing means „there’s nothing left here, jump ship”. Do you really believe they’re going public to cash out this early in the game?