The Minutes of Bill Gurley on allocation https://minutesof.com/bill-gurley/on/allocation/ Everything Bill Gurley has said on allocation: 2 verbatim quotes between October 2019 and February 2026, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:22:08 +0000 Gurley argues IPO bankers handpick both price and allocation, creating expected first-day pops for decades. https://minutesof.com/q/cbe58297-7f58-47c5-991e-1d98a51f86bb/ https://minutesof.com/q/cbe58297-7f58-47c5-991e-1d98a51f86bb/ “So it's a handpicked price and it's hand allocated. And for the past twenty five, thirty years, you have these pops that have become expected,” — Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 allocation Gurley argues IPO process has devolved from wide marketing to hand allocation among 10 to 15 firms. https://minutesof.com/q/1cb9f1de-321f-4998-ac94-64968dda526f/ https://minutesof.com/q/1cb9f1de-321f-4998-ac94-64968dda526f/ “I think there that it used to be that the IPO process was about disseminating and marketing and selling far and wide, and it's become a game of just hand allocating shares to the same 10 or 15 firms.” — CNBC Television Wed, 02 Oct 2019 17:35:22 +0000 allocation