Bill Gurley may have a point here. When will we listen to him? Do we need an entirely new slate of bankers, or switch to direct public listings?
Bill Gurley
Bill Gurley1.8. klo 02.06
With $FIG we have another massive "POP" highlighting the gross inefficiency in the modern IPO process. It's very simple. They REFUSE to match supply/demand (that happened today). They brag about the mis-match - "30X oversubscribed." The outcome is expected & fully intentional.
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