Gurley argues IPO process is ignorant because it doesn't match supply and demand like first year students would design.
“They do something that's just flat out ignorant in a day and age where we have technology.”
Gurley argues any first-year student would design IPOs to award shares to highest bidder, not handpicked prices.
“It's just not like, it's not, it should just be tautological. Like I don't know why there would be any debate.”