Some of the recent IPO offerings have been 'frothy', says Tastylive's Tom Sosnoff

IPO Market Dynamics - Wall Street anticipates an IPO rebound with recent sizable public offerings [1] - Current IPOs are considered relatively strong companies, unlike the surge of SPACs in 2021 [3] - IPO pricing is attractive to retail investors, driving demand, but some numbers are frothy and potentially unhealthy [4] - Some IPOs are opening at 100-300% of the IPO price, which raises concerns [6] - Retail customers and those stabilizing stocks may be caught "holding the bag" [7] Retail Investor Access to Private Companies - There's a move in Europe and the US to increase retail investor access to private companies before they go public [8] - Tokenization is being explored to facilitate this access [8] - Crowdfunding limits in the US are relatively small, mostly $5 million to $75 million [10] - The industry is bullish on allowing small investors to invest in companies they've heard about [15] - Concerns exist about the lack of disclosure rules and potential for fraud [12]