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In 2020 I got an early look for some company named Applovin. The term loan whispers were pretty solid; the coupon was wide of the market and it was offered significantly below par. Went to the management meeting, and really liked mgmt. + the vision.
Tried pitching it to my PMs for the next week. No one in the loan market wanted to touch it. It was a weird mobile biz that generated money from ads and mobile games. It eventually came pretty wide to market.
I continued following the co. loosely and when it eventually IPOd, I bought a small piece and it did nothing for a year or two so I sold for a loss before it eventually ripped 25x+ off the lows.

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