Animal Spirits: IPO Mania

Today’s Animal Spirits is brought to you by Interactive Brokers.

On today’s show we discuss:

AirBnb (S1)
It’s a record year for IPOs
It’s been a windfall for IPO investors
AirBnb is worth $54 per share. LOL. 
There’s a debate on how to price IPOs
In defense of the IPO (A16Z)
Affirm postpones IPO
DoorDash also surged
A history of IPOs
Evictions are coming
Microsoft’s borrowing rates are in li…

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