Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Rabid Capitalist regrets informing founders, venture capitalists, private equity funds and institutional investors that their optimism over an IPO market recovery in 2025 is misplaced. A rebound will be delayed until 2026 through 2028 because of the high volume of bad IPOs that must be resurrected or recycled. This process has been hindered by the uncertainty injected into the markets by the Trump administration’s inconsistent and irrational immigration, tariff and foreign policies.
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