ClearingBid

Making IPOs better - open access, transparency & fair, data driven allocations

Thanks to all who recently invested with ClearingBid.

[ClearingBid @ClearingBid]

@DakinCampbell updates us on his book, Going Public, written 2 years ago

The IPO market collapse & meager recovery have stalled innovation

Retail is still only 5-10% of the typical IPO – a missed opportunity for issuers, brokers and small investors

He reviews the Google #IPO 20 years on.

https://t.co/jRcmeudrHh

[Craig Stephens | Access IPOs @AccessIPOs]

Robinhood customers can now indicate interest for the SpaceX IPO. $HOOD $SPCX

[ClearingBid @ClearingBid]

Pre-IPO pricing is a black box.

Investment banks gather demand for an IPO the same way they did decades ago, speaking with institutional investors and collecting non-binding “indications of interest".

The final offering price is frequently wrong, and both issuers and investors pay the price (literally)!

When investors aren’t incentivized to communicate their willingness to bid a certain price ahead of time, everyone waits until the final stages of the offering to hear what everyone else is paying, typically referred to as the "price talk." It looks more like game theory than price discovery.

What if there was an incentive for investors to commit to placing their orders ahead of time, even days before the IPO is priced? What if the demand for shares at every price point was displayed publicly? What if you could use it to predict aftermarket demand while limiting volatility? And what if lead managers and all brokers could take home just as hefty a fee from the deal as they would otherwise?

It would be an ultimate alignment of incentives in the transaction. Wondering how this could actually work? Find out next week . . .

#IPOs #CapitalFormation #CapitalMarkets

[Bill Gurley @bgurley]

Read this first paragraph. Clients of the investment banks have been trained to think they get a freebie 30% “pop” one day gain w no trading restrictions. Even worse, someone told him that Silicon Valley companies are “happy” getting fleeced. And you wonder why there are no IPOs.

[ClearingBid @ClearingBid]

$NMAX was a hot #IPO but did management leave too much $ on the table? Using ClearingBid could have given them a more accurate price mechanism for finding the true market price - this would have increased the funds raised and lowered the cost of capital.

[Craig Stephens | Access IPOs @AccessIPOs]

Wasn't monitoring the Newsmax IPO, too small.

But holy shit.

$NMAX

[Craig Stephens | Access IPOs @AccessIPOs]

A Circle IPO could be around the corner.

Here's everything we know about the upcoming deal.
https://t.co/KdY0IN5IdF

[ClearingBid @ClearingBid]

@vladtenev @RobinhoodApp would you consider offering #IPOs through ClearingBid? Our platform works with I banks & the current financial system to open access to IPOs to clients of companies like Robinhood. Moreover, our system is transparent and provides fair allocations to all in the money orders.

[ClearingBid @ClearingBid]

@MeghanEMorris 🤣

[ClearingBid @ClearingBid]

If @eToro used ClearingBid for its #IPO retail investors would have access. Moreover, they would not be an afterthought; everything would be transparent and retail would get the same allocation percentages as big institutional investors. Simple & easy & how it should be done.

[Craig Stephens | Access IPOs @AccessIPOs]

eToro IPO Filing:

Mentions of "retail investor": 48
Mentions of giving retail investors access to the IPO: 0

There's still time!

Invite your customers to grow with you @eToroUS
$ETOR

[ClearingBid @ClearingBid]

@realEstateTrent Yes! Now in suburbs and get in car even to go a couple of blocks 😭

[ClearingBid @ClearingBid]

$ETOR @eToro #IPO

[Craig Stephens | Access IPOs @AccessIPOs]

The eToro IPO countdown has begun. $ETOR

Following along as the company approaches its IPO date.
https://t.co/yzl10YbOfx

[Donnelley Financial Solutions @DFINSolutions]

The mandatory EDGAR Next compliance for SEC Filers is needed by September 12, 2025! Successfully navigate the new process with DFIN's Enrollment Portal. Ready to get started?

Access the portal: https://t.co/BFPwkckvwa

#edgarnext #compliance #secfiling

[ClearingBid @ClearingBid]

Unclog the #IPO Pipleline #EqualOpportunityInvesting A more open, transparent and fair IPO process is within reach.

[Craig Stephens | Access IPOs @AccessIPOs]

Bull or bear on the CoreWeave IPO?

Doesn’t matter — let the market decide.

If a startup is the real deal, take it public and prove it.

Unclog the IPO pipeline. $CRWV $HOOD $SOFI $KLAR

[IPO Spot @ipospot]

StubHub Files For IPO To Pay Down Debt

The ticket marketplace company is growing revenue but operating profits are falling.

Read article below 👇

[Morning Brew ☕️ @MorningBrew]

1 in 9,223,372,036,854,775,808

Those are your odds of filling out a perfect bracket.

Good luck out there today.

[Jim Cramer @jimcramer]

The IPO window is about to open. Klarna, Hellman & Friedman and CoreWeave will supercharge it.. Just when Opco downgrade GS.. So So wrong. Club name!

[ClearingBid @ClearingBid]

@andruyeung Fill in the blank - this is a good reminder to all of us!

One of the biggest traps is letting anybody convince you that because you’re ______ you’re incapable.

[ClearingBid @ClearingBid]

For those interested in @CoreWeave #IPO $CRWV

[Craig Stephens | Access IPOs @AccessIPOs]

Everything we know about the upcoming CoreWeave IPO. Updated with terms. $CRWV
https://t.co/5K94MRuLTr

[ClearingBid @ClearingBid]

@PRcarly shortcuts often don't work

[ClearingBid @ClearingBid]

$CAVA CFO Tricia Tolivar: for five quarters "we actually practiced as a public company ahead of going public"

Going Public can be a great opportunity. Thinking ahead and being prepared can make it run much more smoothly. HT @JudyKShaw #IPO

[NYSE 🏛 @NYSE]

CAVA CFO Tricia Tolivar joined @JudyKShaw on #NYSEFloorTalk at the 2025 IPO Summit to discuss why June 2023 was the right time for @cava to go public and how she prepared the founder-led company for the public stage.

[Dan Primack @danprimack]

More on Google/Wiz:

1/ Talks restarted within the past few weeks.

2/ Wiz hadn't yet begun IPO prep.

3/ Why now vs. last yr? Price and feeling of less risk w/ Trump WH. But sellers also got protections w/ huge breakup fee & more.