> Does the average Gen-Z robinhood user understand that IPOs are just a massive transfer of wealth from the unwashed masses to the billionaire elites?Previous | First | 1 | Last | Next
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Does the average Gen-Z robinhood user understand that IPOs are just a massive transfer of wealth from the unwashed masses to the billionaire elites?
Anthropic's proposed price range of $70 to $78 per share for 825 million Class A shares translates to gross base proceeds of approximately $57.75 billion to $64.35 billion.
At a standard 7% fee, underwriting costs would range from roughly $4.04 billion to $4.50 billion.
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Re: Does the average Gen-Z robinhood user understand that IPOs are just a massive transfer of wealth from the unwashed masses to the billionaire elites?
We're pretty deep into "silly season" in the business cycle. Eventually this bad debt is going to come due and people will wise up but I've been saying that for years.
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Re: Does the average Gen-Z robinhood user understand that IPOs are just a massive transfer of wealth from the unwashed masses to the billionaire elites?
wrote:
Anthropic's proposed price range of $70 to $78 per share for 825 million Class A shares translates to gross base proceeds of approximately $57.75 billion to $64.35 billion.
At a standard 7% fee, underwriting costs would range from roughly $4.04 billion to $4.50 billion.
Preach it, muh nigruh!!
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Fred SchwedRe: Does the average Gen-Z robinhood user understand that IPOs are just a massive transfer of wealth from the unwashed masses to the billionaire elites?
Where are the customer's yots?
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Re: Does the average Gen-Z robinhood user understand that IPOs are just a massive transfer of wealth from the unwashed masses to the billionaire elites?
Anyone who still uses Robinhood is a fuqing moron.
During the height of the Gamestop short squeeze, Robinhood disabled the "buy" button, only allowed users to sell, and thus artificially manipulated the price lower, to help insitutional clients escape the short squeeze.
Nobody should trust Robinhood ever again.
https://en.wikipedia.org/wiki/GameStop_short_squeeze
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