Red Flags to Look For in an IPO Prospectus

Overly Aggressive or Unrealistic Financial Projections A prospectus must present a company’s financial future, but projections veering into the fantastical are a major warning sign. Scrutinize the “Use of Proceeds” and “Management’s...

Behind the Scenes of OpenAI’s Journey to an IPO

The Genesis: Non-Profit Idealism Meets Capital-Intensive Reality In 2015, OpenAI was founded as a non-profit research laboratory. Its mission, articulated in its initial charter, was starkly ambitious and altruistic: to ensure that artificial general intelligence...

Analyzing IPO Performance: Beyond the First-Day Pop

The allure of an Initial Public Offering (IPO) is often encapsulated in a single, dramatic metric: the first-day pop. This headline-grabbing figure, representing the percentage gain from the offer price to the closing price on the first day of trading, creates an aura...

Behind the Scenes: The Roadshow and Pricing an IPO

The genesis of an Initial Public Offering (IPO) is a meticulously choreographed financial ballet, a multi-stage process where a private company transforms into a publicly traded entity. Two of the most critical and interlinked phases in this transformation are the...