IPOs, SPACs, direct listings. Snowflake, Asana, Nuvei. Everyone’s making money on these, right? Do you fear you’re missing out as these stocks go public and come screaming out of the gate? Don’t worry. Yes, company insiders and investment bankers are profiting. But the vast majority of investors aren’t. And, as John O’Connell tells us, the market is unfair and that’s that. But he says there are plenty of other ways to make money.
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