IPOs
How to Read an S-1: Red Flags in the Fine Print
William ElliottThe IPO prospectus buries its warnings where companies hope you skim — here are the eight sections where the honest numbers live, and what each red flag looks like.
IPOs
Public listings from confidential filing to first earnings call.
IPOs
Lockup Expirations: Why Day 180 Moves Newly Public Stocks
William ElliottAn IPO locks insiders out of selling for 180 days; the day the lock ends, the supply overhang the chart has been dreading either lands or doesn't — and the pattern is documented.
IPOs
Chime's IPO: Pricing, Pop, and What a Neobank Debut Proves
William ElliottChime priced at $27 on June 12, 2025 — above a raised range — jumped nearly 50 percent on debut, and then traded like a bank, which was the honest verdict.
IPOs
Direct Listing vs IPO: A Cost-and-Control Comparison
William ElliottA direct listing skips the underwriters' toll booth and the pop — selling no new money and buying maximum freedom — and it only works for companies that do not need the cash or the certainty.
IPOs
Figma's IPO: The Design Listing That Priced Above a Raised Range
William ElliottFigma priced at $33 on July 31, 2025 — above a range it had already raised — and roughly doubled on debut, capping a two-year journey from a killed $20 billion acquisition.
IPOs
How IPO Pricing Works: From Filing Range to First Trade
William ElliottAn IPO price is set in a single 48-hour negotiation between bankers and institutions — and the first trade often happens 40 percent away from it. Here is the machinery.