The Evolution of the Initial Public Offering

The Dutch East India Company (VOC) is widely credited with conducting the first modern Initial Public Offering (IPO) in 1602. Facing immense costs and risks associated with long-distance spice trade, the company needed to pool capital beyond what a few wealthy...

Why the OpenAI IPO is a Landmark Event for Tech

The absence of a traditional initial public offering (IPO) from OpenAI stands as one of the most significant and paradoxical events in modern technology finance. While the company has not filed an S-1 with the SEC and its shares are not trading on a public exchange,...