Gurley predicts retail investors will access IPOs directly through platforms like Robinhood.
“In the future, you'll be able to go on Robinhood, if you wanna participate in IPO, you can.”
Gurley says traditional IPOs only provide access to investment banks' biggest customers, not all investors.
“The the the primary issues with the traditional IPO are twofold and the SEC nailed them both in their in their draft today, which is that it doesn't provide access to all investors.”