https://minutesof.com/on/ipo/ Everyone on the record about ipo: 39 verbatim quotes from 6 people, November 2017 to August 2026, in one chronology, each with a timestamp and a link to… en Sun, 30 Aug 2026 22:33:02 +0000 https://minutesof.com/q/b310ecf2-ef65-402a-99a3-9dfeb30d8440/ https://minutesof.com/q/b310ecf2-ef65-402a-99a3-9dfeb30d8440/ “Every IPO is an invitation to workers and savers to participate in the prosperity of the next generation of American enterprise.” — Paul Atkins, SEC speeches and statements ipo https://minutesof.com/q/a4a98aa6-99cf-466f-82d1-50e3fbeb5098/ https://minutesof.com/q/a4a98aa6-99cf-466f-82d1-50e3fbeb5098/ “This agenda includes a number of proposals critical to realizing that mission by transforming our disclosure regime.” — Paul Atkins, SEC speeches and statements ipo https://minutesof.com/q/75132a0d-c0f4-4693-a21e-1fcc139a27ef/ https://minutesof.com/q/75132a0d-c0f4-4693-a21e-1fcc139a27ef/ “Because I think if he had if he had realized his dream of this highly regulated AI apparatus, I don't think that company would be set up for a hugely successful IPO.” — David Sacks, All-In Podcast Tue, 25 Aug 2026 18:00:26 +0000 ipo https://minutesof.com/q/79ca9be3-58db-4c84-8ddc-aae2fb582abc/ https://minutesof.com/q/79ca9be3-58db-4c84-8ddc-aae2fb582abc/ “And so this is this is their financials that they're going to be putting out in their IPO.” — Dylan Patel, RAISE Summit Thu, 16 Jul 2026 16:44:57 +0000 ipo https://minutesof.com/q/000da9f5-9c45-42be-bcc4-8021a5f9c2a3/ https://minutesof.com/q/000da9f5-9c45-42be-bcc4-8021a5f9c2a3/ “If that revenue is on track, right, if they're headed to a $100,000,000,000 of exit revenue, you know, this year and and and have an IPO in the back half, I think you could see a really robust, you know, back half of the year.” — Brad Gerstner, Altimeter Capital Thu, 02 Jul 2026 20:07:21 +0000 ipo https://minutesof.com/q/267c4dfc-527c-43f2-8c67-0657b85964a9/ https://minutesof.com/q/267c4dfc-527c-43f2-8c67-0657b85964a9/ “We have incredible IPOs coming starting with SpaceX rumored on June 12. Hopefully, I'll be back in the New York Stock Exchange with you guys.” — Brad Gerstner, Altimeter Capital Fri, 29 May 2026 17:05:40 +0000 ipo https://minutesof.com/q/ca982319-8c30-482f-9daa-5b2284cccaad/ https://minutesof.com/q/ca982319-8c30-482f-9daa-5b2284cccaad/ “It's gonna be an incredible IPO. It's gonna raise about 75 it's gonna raise about $75,000,000,000.” — Brad Gerstner, CNBC Television Thu, 28 May 2026 17:00:15 +0000 ipo https://minutesof.com/q/95fb74a5-3d35-4c34-8520-cb3bf93f56a7/ https://minutesof.com/q/95fb74a5-3d35-4c34-8520-cb3bf93f56a7/ “I would say it's more in that range. That's what I'm hearing from the institutions. I think most of the demand over 300 is frankly retail that listen.” — Brad Gerstner, Altimeter Capital Fri, 15 May 2026 20:31:59 +0000 ipo https://minutesof.com/q/46a04a7a-587a-4f65-a58e-fd2652a0affe/ https://minutesof.com/q/46a04a7a-587a-4f65-a58e-fd2652a0affe/ “And for the past twenty five, thirty years, you have these pops that have become expected, I would say. And it's a one day giveaway to their clients.” — Bill Gurley, Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 ipo 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,” — Bill Gurley, Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 ipo https://minutesof.com/q/f3fc5ca8-8916-4c4d-ac0a-cb2865cdd700/ https://minutesof.com/q/f3fc5ca8-8916-4c4d-ac0a-cb2865cdd700/ “I think they think a bunch of people put orders in, you sort them based on who's willing to pay the highest price” — Bill Gurley, Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 ipo https://minutesof.com/q/9a394fb2-90fc-4946-838f-d8f08883cd9f/ https://minutesof.com/q/9a394fb2-90fc-4946-838f-d8f08883cd9f/ “I think the IPO process almost certainly also because of regulatory capture is remarkably broken. I don't actually think the average citizen even knows.” — Bill Gurley, Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 ipo https://minutesof.com/q/e1926a21-4a7d-4ace-9f80-c7d09ca77f45/ https://minutesof.com/q/e1926a21-4a7d-4ace-9f80-c7d09ca77f45/ “Over the course of the next twelve to eighteen months, both Anthropic and OpenAI will come public would be my guess.” — Brad Gerstner, Altimeter Capital Wed, 07 Jan 2026 22:13:03 +0000 ipo https://minutesof.com/q/13d8c70e-131b-442f-abd6-68b88af7cc60/ https://minutesof.com/q/13d8c70e-131b-442f-abd6-68b88af7cc60/ “if you guys went public at 10 times 100,000,000,000 in revenue, right, which would be I think a lower multiple than Facebook went public at, a lower multiple than a lot of other big consumer companies went public at, That would put you at a trillion dollars.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 ipo https://minutesof.com/q/c8eccac4-eee6-4116-b120-54563d6b52fd/ https://minutesof.com/q/c8eccac4-eee6-4116-b120-54563d6b52fd/ “CoreWeave now has, like, 200 k plus GPUs. Right? Like Yeah. A lot of GPUs. Right? They're doing, like, you know, billions of dollars of revenue.” — Dylan Patel, Unsupervised Learning: With Jacob Effron Tue, 21 Jan 2025 14:00:12 +0000 ipo https://minutesof.com/q/fa0e298b-b580-4e1c-9b76-2a7e5932332c/ https://minutesof.com/q/fa0e298b-b580-4e1c-9b76-2a7e5932332c/ “I think we're better off as a country when these companies are coming public sooner. But that's that's in fact what's happened. So we invest early.” — Brad Gerstner, Hoover Institution Tue, 10 Dec 2024 20:07:35 +0000 ipo https://minutesof.com/q/91e56e39-ac9e-412e-bcd7-0dbc639baef0/ https://minutesof.com/q/91e56e39-ac9e-412e-bcd7-0dbc639baef0/ “The the later stage investors that wrote this compounding ratchet term actually want the IPO to be as low as possible because they'll they'll get more shares.” — Bill Gurley, BG2 Pod Wed, 27 Nov 2024 19:11:58 +0000 ipo https://minutesof.com/q/f0838d80-6cc8-4b07-85a4-e11807183173/ https://minutesof.com/q/f0838d80-6cc8-4b07-85a4-e11807183173/ “And if you look at the private market alternatives for them for capital, we didn't have sovereign wealth funds that were writing multi billion dollar checks at that point in time.” — Brad Gerstner, BG2 Pod Thu, 18 Apr 2024 17:23:12 +0000 ipo https://minutesof.com/q/ec7e294c-a1fa-4fb3-97ad-186c8e426eb9/ https://minutesof.com/q/ec7e294c-a1fa-4fb3-97ad-186c8e426eb9/ “He said to me, the IPO market is slow in volume terms for lack of supply, not lack of demand. And I've been making this case that the IPO window is wide open.” — Brad Gerstner, BG2 Pod Thu, 18 Apr 2024 17:23:12 +0000 ipo https://minutesof.com/q/ac8bdfcc-9833-4b20-b2f7-d128b97fe885/ https://minutesof.com/q/ac8bdfcc-9833-4b20-b2f7-d128b97fe885/ “I think we're gonna see five, six, seven IPOs, good sized IPOs in q four. We'll probably see closer to 10 in q one,” — Brad Gerstner, All-In Podcast Fri, 11 Aug 2023 06:23:00 +0000 ipo https://minutesof.com/q/722ebe6f-5b3e-46da-9e1b-b3071bd89e9c/ https://minutesof.com/q/722ebe6f-5b3e-46da-9e1b-b3071bd89e9c/ “Right? Super high quality company. I think its last private round was 50 or 60,000,000,000 in the bubble, and now it's rumored to be going public at somewhere around $10,000,000,000.” — Brad Gerstner, All-In Podcast Fri, 11 Aug 2023 06:23:00 +0000 ipo https://minutesof.com/q/4b136cbd-1b88-4a8c-b0f3-92de42e095bc/ https://minutesof.com/q/4b136cbd-1b88-4a8c-b0f3-92de42e095bc/ “So that was 46 in 2020, a 100 in 2021, three in 2022, and zero year to date in 2023.” — Brad Gerstner, All-In Podcast Fri, 11 Aug 2023 06:23:00 +0000 ipo https://minutesof.com/q/51a8f0e5-6918-422e-adcc-35096c462ddf/ https://minutesof.com/q/51a8f0e5-6918-422e-adcc-35096c462ddf/ “There was a term removed from most term sheets that gave investors the right to protect their LICPREF on an IPO, that's gone in most of these cases.” — Bill Gurley, All-In Podcast Fri, 11 Aug 2023 06:23:00 +0000 ipo https://minutesof.com/q/88d79bfc-ad80-44da-a9ed-6b843a1bf530/ https://minutesof.com/q/88d79bfc-ad80-44da-a9ed-6b843a1bf530/ “anybody who does an IPO today, okay, is going to demand a, you know, a rate of return into that offering that is a significant margin of safety relative to all deals that were done in 2021.” — Brad Gerstner, All-In Podcast Fri, 16 Jun 2023 20:55:00 +0000 ipo https://minutesof.com/q/a5c0968c-05ee-4ca2-baa4-d7308f8bbcc4/ https://minutesof.com/q/a5c0968c-05ee-4ca2-baa4-d7308f8bbcc4/ “I think two thirds of the companies that went public since COVID are trading at less than the cash they raised to date as public companies now.” — David Friedberg, Consumer VC with Mike Gelb Sun, 30 Apr 2023 12:51:57 +0000 ipo https://minutesof.com/q/077705ea-6293-4456-a39a-7cef97e489dc/ https://minutesof.com/q/077705ea-6293-4456-a39a-7cef97e489dc/ “And so if you say it's 30 percent on a $4,000,000,000 raise, that's over a billion dollars of savings. Right? Over $1,000,000,000 of indirect cost savings to the employees and the shareholders.” — Brad Gerstner, All-In Podcast Sat, 17 Apr 2021 02:12:13 +0000 ipo https://minutesof.com/q/1f80f6be-1b5e-4c09-9c2f-60fbd59744c4/ https://minutesof.com/q/1f80f6be-1b5e-4c09-9c2f-60fbd59744c4/ “So in a traditional IPO, let's say you have a $10,000,000,000 enterprise value raising a billion dollars. If it's being underpriced, he would argue structurally by 40%.” — Brad Gerstner, All-In Podcast Sat, 17 Apr 2021 02:12:13 +0000 ipo https://minutesof.com/q/3dbad0db-cb6d-4522-8252-555ce873667e/ https://minutesof.com/q/3dbad0db-cb6d-4522-8252-555ce873667e/ “There's the upfront fee, five and a half, 6%, whatever they're paying on the amount of capital raised. But he would argue the much bigger expense, right, is the indirect cost of the structural underpricing.” — Brad Gerstner, All-In Podcast Sat, 17 Apr 2021 02:12:13 +0000 ipo https://minutesof.com/q/a08000b3-32b1-47f4-8417-00e927572da2/ https://minutesof.com/q/a08000b3-32b1-47f4-8417-00e927572da2/ “You set the price, you tell the story with forward looking forecasts. We serve up a world class group of mutual funds and hedge funds as your shareholders. You ring the bell, it's your IPO.” — Brad Gerstner, Invest Like the Best Tue, 27 Oct 2020 09:30:00 +0000 ipo https://minutesof.com/q/8f768927-4c84-4634-82e2-40d39aecedf2/ https://minutesof.com/q/8f768927-4c84-4634-82e2-40d39aecedf2/ “You set the price, you tell the story with forward looking forecasts. We serve up a world class group of mutual funds and hedge funds as your shareholders.” — Brad Gerstner, Invest Like the Best Tue, 27 Oct 2020 09:30:00 +0000 ipo https://minutesof.com/q/7a335747-8969-4383-9c35-9996e0362046/ https://minutesof.com/q/7a335747-8969-4383-9c35-9996e0362046/ “And on top of that, of course, you can only give historical financials, which leaves most investors in the dark about a high growth company's future prospects.” — Brad Gerstner, Invest Like the Best Tue, 27 Oct 2020 09:30:00 +0000 ipo https://minutesof.com/q/b8e2bc10-b138-4cff-a292-03380a754fd5/ https://minutesof.com/q/b8e2bc10-b138-4cff-a292-03380a754fd5/ “It's a year long process where you don't know the price for your shares or even who your shareholders are going to be until the end of the line.” — Brad Gerstner, Invest Like the Best Tue, 27 Oct 2020 09:30:00 +0000 ipo https://minutesof.com/q/de2b1b00-e9cf-4a1f-9c8d-6092f7a32577/ https://minutesof.com/q/de2b1b00-e9cf-4a1f-9c8d-6092f7a32577/ “Like the minute you started giving stock to your employees, you're in the game And your job is to maximize shareholder value for all your constituents, your investors, your employees, everything else.” — Bill Gurley, Bloomberg Tech Fri, 16 Oct 2020 00:08:57 +0000 ipo https://minutesof.com/q/f7b23592-81ae-4b10-bbbe-498acc2d6dbd/ https://minutesof.com/q/f7b23592-81ae-4b10-bbbe-498acc2d6dbd/ “And so the day after the IPO, the people that were allocated the stock the night before have 4,500,000,000 in wealth they didn't have before. And that money didn't just come out of nowhere.” — Bill Gurley, Bloomberg Tech Fri, 16 Oct 2020 00:08:57 +0000 ipo https://minutesof.com/q/60f954ef-334b-4a4d-8f62-31d8c40f2cf5/ https://minutesof.com/q/60f954ef-334b-4a4d-8f62-31d8c40f2cf5/ “And so in the direct listing process, you're actually removing steps because once you do an IPO, you actually do with the exact equivalent of direct listing opening the next morning.” — Bill Gurley, CNBC Television Wed, 02 Oct 2019 17:35:22 +0000 ipo 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.” — Bill Gurley, CNBC Television Wed, 02 Oct 2019 17:35:22 +0000 ipo https://minutesof.com/q/0fffa57e-c860-43f2-986d-a9314f9a9cb2/ https://minutesof.com/q/0fffa57e-c860-43f2-986d-a9314f9a9cb2/ “I found out this morning she may be the youngest female founder to actually take their company public ever.” — Bill Gurley, Bloomberg Television Fri, 17 Nov 2017 19:47:21 +0000 ipo https://minutesof.com/q/e21a2aae-47fb-4251-b2d1-1ef63fd6a896/ https://minutesof.com/q/e21a2aae-47fb-4251-b2d1-1ef63fd6a896/ “Over 60% of the management team's female. Over 60% of the board is female. And I found out this morning she may be the youngest female founder to actually take their company public ever.” — Bill Gurley, Bloomberg Television Fri, 17 Nov 2017 19:47:21 +0000 ipo https://minutesof.com/q/6f98baf1-d4b7-4035-b081-e35ab6b430e5/ https://minutesof.com/q/6f98baf1-d4b7-4035-b081-e35ab6b430e5/ “The company had only raised $40,000,000. Hence, we had created $60,000,000 in free cash flow, something that's extremely rare in Silicon Valley these days.” — Bill Gurley, Bloomberg Television Fri, 17 Nov 2017 19:47:21 +0000 ipo