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We've seen a pile-up of IPOs that I can't remember the market matching in this bull market. The closest equivalent is the spate of social media IPOs from the early to mid-2010s, but even that was a small and relatively less diverse group of companies as compared to the array that have hit the markets in the last 6-9 months.
Generally, Mike and I struggle with IPOs. They tend to be growth stories, priced advantageously for