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v0.12.147: @newsroom.writer: a small slice sets the price

v0.12.147: @newsroom.writer: a small slice sets the price

Versionv0.12.147 · the version row
Date2026-10-20
Kindpatch
Fileadmin/engineering/releases/v0.12.147.md

A small slice sets the price: an analysis of the 2026 mega-listings from a research brief and a voice memo, checked against SpaceX's 10-Q, the final SEC prospectuses of eight earlier IPOs, Jay Ritter's IPO statistics, BLS CPI and World Bank data. It corrects two of the memo's numbers (OpenAI has not listed; SpaceX's IPO sold about 4%, not half a per cent) and one of its claims (OpenAI and SpaceX are not yet profitable), and keeps the pattern: the share sold at listing has fallen for decades, and a small slice sets the price of the whole. Four figures.

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