alt Hacker NewsFalling knife or not, if you own an index fund, or if your 401k owns one, you're buying a piece of it at IPO prices. The exit scam is almost complete.
Falling knife or not, if you own an index fund, or if your 401k owns one, you're buying a piece of it at IPO prices. The exit scam is almost complete.
Index funds won't get in at ipo prices. They wait a year or so before including new stocks, so the price is guaranteed to have settled by then. OpenAI also isn't profitable yet so that's another point against them in terms of being included in index funds.