Scott Galloway

The company was priced at around $135 per share as the issuance price.

And then when it went out to the public markets, it initially rose around 10 to 11%, which I thought was a little bit low.

My prediction was that it would go out at around 25% higher than the initial price.

But then what did we see over the rest of the day?

It started to rise.

It went up.

over 25% above $135.

And then starting the week on Monday, June 15th, it has continued to rise up around 30%.

So this has been an extremely successful IPO.

It was really a test of the markets.

How much demand is there really for these companies?

Could, I mean, one of the points that I

had brought up before is there's so much new equity supply that is being injected into the market, starting with the SpaceX offering.

But then you've also got Google with their $86 billion equity offering.

You've got Nvidia now talking about doing an offering of their own.

You've got Amazon also considering the same thing.

Meta considering the same thing.

And then, of course, you've got

OpenAI and Anthropic, which means tens of billions of dollars of more equity hitting the markets.

In fact, it'll probably go out to around half a trillion dollars in new equity supply.