korrents

Our readingWhat is a korrent?

An IPO first-day pop is a wealth transfer from the company's previous owners to the investors who are allocated shares.

Drawn from what Bill Gurley said

investing
What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

What Bill Gurley actually said

  1. Bill Gurley General partner at Benchmark Capital for over two decades
    Make no mistake about it, an IPO "pop" is expressly a wealth transfer. Those that are allocated shares have definitive and explicit monetary gain within a 24 hour period of receiving an allocation.

Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us

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