Benjamin Felix

If you have to wait, whatever, a long period of time, you don't usually get to participate in that pop.

But if you held the shares and for whatever reason, don't have a lockup, the IPO is kind of great.

But if you're buying in the secondary market, not as great.

low float IPOs.

So we talked earlier about what float means.

SpaceX is probably going to go public with a low public float and some of the other companies may also do something similar.

If we look at low float IPOs in particular, the data look particularly bad.

So just to reiterate from earlier, a low float IPO means that only a small portion of the company shares are available for public trading.

And that can amplify price swings because demand is concentrated on a relatively limited supply.

That's kind of what we're expecting to see from some of these big private companies.

There's another way to slice that out of here that's important.

Low float IPOs for high revenue companies, because SpaceX and OpenAI, they are generating large revenues.

So low float, high revenue or high sales is pretty rare, but not unheard of.

I have been emailing with Professor Jay Ritter about this for a bit now.

He did send me a table that we can show in the video.

I saw Bloomberg report on these data, but I hadn't seen the table anywhere.

So I'm pretty sure that our viewers here are getting a pretty exclusive look at some neat data.

So Professor Ritter found 11 low float.

So again, below 5% public float.

IPOs for companies with inflation adjusted trailing 12 month sales of 100 million or more.