“Circle’s Sellers Missed Out”

And in the case of Circle, over half of the IPO was sellers, which means you just opted to sell a security at 31 bucks a share and two days later it's trading at 80 bucks a share. That's a lot of money to leave on the table. So, I'm sure if you chose to sell in the IPO, you're sitting back and going, hm, I feel amazing about the outcome, but oh my god, that's a lot of money on the table.Like 20 million shares, I think, were secondary. And you know, at 50 60 bucks of extra dollars a share, that's a billion d ...