Eric Balchunas
👤 SpeakerAppearances Over Time
Podcast Appearances
So the actual point of the IPO is exit liquidity.
Yeah.
For people that have been in this thing forever, took a huge swing.
Yes, they've made money.
It wasn't guaranteed that they would make money.
And now they want to take a profit.
They have their own investors and their own funds.
That's the purpose of this going public now.
Yeah.
The other thing that I think is that it's important to them what index they're in because they don't want to have something that drops in half because everybody's trying to sell that's been, you know, it's a long-lived asset.
Most companies aren't private for this long and don't get this big.
It's totally unusual.
So it should have an unusual index inclusion situation.
Smart beta.
Duncan and I didn't think that your podcast was nearly as boring as Michael did.
Market exposure is solved.
It's free.
Eric, people that never called a broker on the phone.
So I don't think I've ever told this story here before.
And it only takes 10 seconds to tell.