Downtown Josh Brown
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Appearances Over Time
Podcast Appearances
But so then let me, so then let me tease this out.
If you, if that's your take, like
If it's a 10-year hold, I'll take SpaceX IPO, which I think I agree with.
Just buy it in the aftermarket then.
You're holding it for 10 years anyway.
So that's why I think the IPO is going to work because I think that's the conclusion a lot of people will reach is this might be the dumbest of dumb ass prices that I'm about to pay, but whatever, I'm going to hold it for 10 years anyway.
If enough people have that mentality, and I think they will, I think there'll be support for this.
Well, guess what?
I could end up looking like an idiot on Friday, but that's what I think.
I like this better.
I think it's a worthy experiment.
I think this, so we just talked about this with the last big IPO, Cerebrus.
That was the test run.
And it's too early to know anything because nobody's been unlocked.
But that was the first time they did a five-week unlock.
Now, when you do a direct listing, which-
There were some technology companies in the last few years that did a direct listing.
Spotify?
I think Spotify is a big one.
A bunch of software companies did this because they had already raised enough money in the private market that they didn't need to sell new shares.