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The Decline of the IPO Market and the Rise of Private Markets
This chapter examines the decreasing popularity of IPOs and the growing influence of private markets. It explores the performance of underperforming IPOs and criticizes companies with weak financials that went public, while highlighting successful private companies like Uber and SpaceX. The chapter suggests that private markets primarily benefit the wealthy, limiting opportunities for the average investor, and introduces the upcoming conversation with Fareed Zakaria.