Gavin Baker

Is today crazy for you?

Is it all just like crazy in the, wow, this is a historic moment, versus like crazy at the office, like the servers are on fire?

Like, does that happen with you?

Yeah.

What was the retail allocation actually like on the ground?

We heard numbers like it's double oversubscribed, but then the number that I saw reported was like $100 billion for retail.

And that seemed like way more than what would actually go to retail because so much of it is going to be anchored by the banks and what I would not put in the retail bucket, like JP Morgan's clients, right?

Individuals and they're making decisions.

Not fun.

Can you talk a little bit about either the research that you're seeing folks do or maybe the research that you're enabling with Publix tools?

Specifically, I read a very interesting report in the Financial Times where they visualized over the next year how the lockup will actually play out.

It's a very low float stock early on, gets added to the indices.

And there's all these different milestones that

I mean, you could just say it's all priced in already.

But I imagine that many investors will care and want to buy ahead of a index purchase, but after a lockup ends or something like that.

And I'm just wondering about how you can actually help a investor understand those dynamics.

There were a lot of people that were upset about SpaceX's inclusion in indices.

Maybe they don't like Elon for political reasons.

Maybe they don't like the stock because of the revenue multiple.

There's a variety of gripes that people have.