I don't know why you keep harping on this IPO pop idea. It doesn't apply to funding rounds that took place 30% ago on the Nasdaq and 70% ago in growth stage equity. Frankly, up until the pandemic, it was looking doubtful that the idea was even relevant anymore. Facebook's "pop" was -20%, and it's much easier to believe that a rush of retail frenzy in 20-21 is the anomaly, and not the rest of the past 10 years