Gurley argues 2024's 30% Nasdaq gain with closed IPO window defies historical correlation, pointing to bank-forced discounts.
“I believe a part of it I've been very passionate about is the IPO discount that the banks force upon the market, especially the well known high branded ones.”
Gurley notes the unprecedented situation where Nasdaq rose 30% in 2024 yet the IPO window remained closed.
“If you look at last year, 2024, the Nasdaq was up 30% and the window was closed. That seems to be the general belief of everyone out there.”
Gurley congratulates Ionic Digital on their successful Direct Listing on Nasdaq under ticker IOND
“Huge congratulations to the team at @IonicDigital on their successful Direct Listing today!!!! https://t.co/UYJn0SLBtL”