Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Last week, Pitchbook noticed that Figma’s initial public offering (“IPO”) was an aberration. It characterized the IPO market as the weakest in over a decade. The Rabid Capitalist previously noted that the IPO market had been admitted to a long-term care home. Despite some isolated, exciting IPOs during the summer, the market still resides on the ward.
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