Is the IPO a Fatally Broken Process?

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This week a company that clearly could have gone public with any of the major investment banks in the world, chose an alternative capital markets platform to step into public markets. Ermiz: What was significant about this week wasn't the fact that we did a big spack, right? The issue here is whether or not incentives matter. Do you know someone who would like to go public? Email us at jennifer.smith@mailonline.com.

Crossover technology investor Brad Gerstner discussed Altimeter Capital taking Grab public in the largest SPAC ever (38:55), why the IPO process is broken and how to fix it (12:55), and the responsibility of people with platforms to encourage responsible retail investing (22:12). As well as, how $2000 for every American invested in the public markets at birth would display the power of capitalism to improve lives (50:50) and more!