Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Some observers have reported that the initial public offerings (“IPO”) market has embarked upon a resurgence. Investment bankers, who are prone to exaggeration, have described the IPO market as ramping up. While the number of transactions grew in the latter half of 2024 and the first half of 2025, the performance of these stocks in the secondary market has remained anemic.
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