Brian Levitt
π€ SpeakerAppearances Over Time
Podcast Appearances
But on my scale, these were tiny deals.
We would raise $8 million for a company.
At this scale, I would bet the bullshit factor is 10X because everybody wants stock.
Everybody wants to be the lead placement person on the syndicate of stuff.
Like, people are just calling in orders that are completely fictional to make sure that the real orders are covered.
And that's the other aspect of this.
If you have legitimate demand for 2 million shares of SpaceX at a β
at an investment firm, $2 million.
You put in for $10 million.
Because all you're hearing about is how oversubscribed it is.
So, if I want the two, I better say I want 10.
Dude, I know retail people who are being offered stock that are able to sell a minute later.
Nobody's telling them they have to hold it.
I think a lot of that is... So my personal opinion is a lot of that is pending.
What are the market conditions?
Will this hold up in a correction?
I think it will open 30 to 40% above the offering price.
That's my, that's my opinion.
Um, I do not think it'll hold that gain and I don't think it'll build on that gain.
Okay.