Post by Jeff Dorman on X
Jeff Dorman@jdorman81
XWhy investment banks matter
$CRCL $BLSH - wildy overvalued, but the story was sold, so stocks up 3-5x post IPO
$GLXY - wildly undervalued, but conversion from TSX to Nasdaq wasn't sold to new investors by an inv bank
$COIN - direct listing, no one cared about it for years
151 likes10 repliesPosted Aug 13, 2025