#006: Irrational IPOs and Tariffs Delays, Newsmax IPO, Circle IPO, Plaid, and Humanoid Robots
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The Newsmax IPO volatility and CoreWeave IPO bounce show signs of irrational IPO buying, which could entice bankers to launch more public offerings.
But the Trump tariffs overshadow the broader markets, which could delay pipeline IPOs. Plus, the Circle IPO was around the bend (until the tariff volatility)
In IPO Radar news, humanoid robots and Plaid raises funds.
Mentioned: Fundrise Innovation Fund
Note: This week’s episode was recorded on Thursday when there was still a glimmer of hope for IPOs. On Friday, Klarna and StubHub delayed their IPOs due to tariff volatility.
The IPO window is like closed until markets recover from the policy announcements.
0:00 Intro
1:55 Newsmax IPO
3:08 Reg A+ IPO
5:18 Why it Spiked
7:23 CoreWeave IPO
8:18 Gavin Baker CoreWeave
9:10 Fidelity OTC
11:40 Tariffs
12:03 Circle IPO
13:08 Circle S-1
14:33 XRP vs. USDC
16:10 Circle IPO Date
16:45 Upcoming Crypto IPOs
17:20 Valuations
18:39 IPO Radar
19:19 Humanoid Robots
19:55 Figure AI
20:50 Funding Rounds
21:57 ARK Venture Fund
22:40 Agility Robotics
24:35 AR Funding Rounds
25:00 Apptronik
26:00 Self-Driving Cars
27:18 Boston Dynamics/Tesla
28:50 Plaid
29:50 Plaid IPO Delayed
31:00 Plaid Copycats
32:26 Support the Show
33:34 Outro

Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. He started Access IPOs in 2016 to provide a resource for ordinary investors pursuing investment access to IPOs and pre-IPO startups. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
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