When you look around the poker table and wonder who the sucker is, it’s you. This is not a financing event anymore. What’s really going on is people are unloading shares. They’re unloading shares on retail investors and on quick-flip institutions who were able to back in and out. So, you have to look at it accordingly and realize that this is really what they’re saying: this seems like a good time to get out, and I’m an insider, and I want out.
Ed Elson is joined by Paul Kedrosky to break down the biggest takeaways from Anthropic’s S-1. Then, Jay Ritter joins the show to discuss why Oura delayed its IPO and what the decision says about the broader IPO market. Finally, Ed shares his take on the news that Manchester City was found guilty of financial violations. Here is a direct video link.
