Protected: IPO Mania: What the Rocket Ships, Chatbots, and Rule Changes Mean for Your Portfolio

June 9, 2026/in Investing/by Phillip Law, CFA

img:is([sizes=auto i],[sizes^="auto," i]){contain-intrinsic-size:3000px 1500px}img.wp-smiley,img.emoji{display:inline !important;border:none !important;box-shadow:none !important;height:1em !important;width:1em !important;margin:0 .07em !important;vertical-align:-.1em !important;background:none !important;padding:0 !important}:root{--wp-block-synced-color:#7a00df;--wp-block-synced-color--rgb:122,0,223;--wp-bound-block-color:var(--wp-block-synced-color);--wp-editor-canvas-background:#ddd;--wp-admin-theme-color:#007cba;--wp-admin-theme-color--rgb:0,124,186;--wp-admin-theme-color-darker-10:#006ba1;--wp-admin-theme-color-darker-10--rgb:0,107,160.5;--wp-admin-theme-color-darker-20:#005a87;--wp-admin-theme-color-darker-20--rgb:0,90,135;--wp-admin-border-width-focus:2px}@media (min-resolution:192dpi){:root{--wp-admin-border-width-focus:1.5px}}.wp-element-button{cursor:pointer}:root .has-very-light-gray-background-color{background-color:#eee}:root .has-very-dark-gray-background-color{background-color:#313131}:root .has-very-light-gray-color{color:#eee}:root .has-very-dark-gray-color{color:#313131}:root .has-vivid-green-cyan-to-vivid-cyan-blue-gradient-background{background:linear-gradient(135deg,#00d084,#0693e3)}:root .has-purple-crush-gradient-background{background:linear-gradient(135deg,#34e2e4,#4721fb 50%,#ab1dfe)}:root .has-hazy-dawn-gradient-background{background:linear-gradient(135deg,#faaca8,#dad0ec)}:root .has-subdued-olive-gradient-background{background:linear-gradient(135deg,#fafae1,#67a671)}:root .has-atomic-cream-gradient-background{background:linear-gradient(135deg,#fdd79a,#004a59)}:root .has-nightshade-gradient-background{background:linear-gradient(135deg,#330968,#31cdcf)}:root .has-midnight-gradient-background{background:linear-gradient(135deg,#020381,#2874fc)}:root{--wp--preset--font-size--normal:16px;--wp--preset--font-size--huge:42px}.has-regular-font-size{font-size:1em}.has-larger-font-size{font-size:2.625em}.has-normal-font-size{font-size:var(--wp--preset--font-size--normal)}.has-huge-font-size{font-size:var(--wp--preset--font-size--huge)}:root .has-text-align-center{text-align:center}:root .has-text-align-left{text-align:left}:root .has-text-align-right{text-align:right}.has-fit-text{white-space:nowrap !important}#end-resizable-editor-section{display:none}.aligncenter{clear:both}.items-justified-left{justify-content:flex-start}.items-justified-center{justify-content:center}.items-justified-right{justify-content:flex-end}.items-justified-space-between{justify-content:space-between}.screen-reader-text{word-wrap:normal !important;border:0;clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px}.screen-reader-text:focus{background-color:#ddd;clip-path:none;color:#444;display:block;font-size:1em;height:auto;left:5px;line-height:normal;padding:15px 23px 14px;text-decoration:none;top:5px;width:auto;z-index:100000}html :where(.has-border-color){border-style:solid}html :where([style*=border-color]){border-style:solid}html :where([style*=border-top-color]){border-top-style:solid}html :where([style*=border-right-color]){border-right-style:solid}html :where([style*=border-bottom-color]){border-bottom-style:solid}html :where([style*=border-left-color]){border-left-style:solid}html :where([style*=border-width]){border-style:solid}html :where([style*=border-top-width]){border-top-style:solid}html :where([style*=border-right-width]){border-right-style:solid}html :where([style*=border-bottom-width]){border-bottom-style:solid}html :where([style*=border-left-width]){border-left-style:solid}html :where(img[class*=wp-image-]){height:auto;max-width:100%}:where(figure){margin:0 0 1em}html :where(.is-position-sticky){--wp-admin--admin-bar--position-offset:var(--wp-admin--admin-bar--height,0px)}@media screen and (max-width:600px){html :where(.is-position-sticky){--wp-admin--admin-bar--position-offset:0px}}.svg-inline--fa{display:inline-block;height:1em;overflow:visible;vertical-align:-.125em}.wp-block-font-awesome-icon svg::before,.wp-rich-text-font-awesome-icon svg::before{content:unset}:root{--wp--preset--aspect-ratio--square:1;--wp--preset--aspect-ratio--4-3:4/3;--wp--preset--aspect-ratio--3-4:3/4;--wp--preset--aspect-ratio--3-2:3/2;--wp--preset--aspect-ratio--2-3:2/3;--wp--preset--aspect-ratio--16-9:16/9;--wp--preset--aspect-ratio--9-16:9/16;--wp--preset--color--black:#000;--wp--preset--color--cyan-bluish-gray:#abb8c3;--wp--preset--color--white:#fff;--wp--preset--color--pale-pink:#f78da7;--wp--preset--color--vivid-red:#cf2e2e;--wp--preset--color--luminous-vivid-orange:#ff6900;--wp--preset--color--luminous-vivid-amber:#fcb900;--wp--preset--color--light-green-cyan:#7bdcb5;--wp--preset--color--vivid-green-cyan:#00d084;--wp--preset--color--pale-cyan-blue:#8ed1fc;--wp--preset--color--vivid-cyan-blue:#0693e3;--wp--preset--color--vivid-purple:#9b51e0;--wp--preset--color--metallic-red:#b02b2c;--wp--preset--color--maximum-yellow-red:#edae44;--wp--preset--color--yellow-sun:#ee2;--wp--preset--color--palm-leaf:#83a846;--wp--preset--color--aero:#7bb0e7;--wp--preset--color--old-lavender:#745f7e;--wp--preset--color--steel-teal:#5f8789;--wp--preset--color--raspberry-pink:#d65799;--wp--preset--color--medium-turquoise:#4ecac2;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple:linear-gradient(135deg,#0693e3 0%,#9b51e0 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan:linear-gradient(135deg,#7adcb4 0%,#00d082 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange:linear-gradient(135deg,#fcb900 0%,#ff6900 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red:linear-gradient(135deg,#ff6900 0%,#cf2e2e 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray:linear-gradient(135deg,#eee 0%,#a9b8c3 100%);--wp--preset--gradient--cool-to-warm-spectrum:linear-gradient(135deg,#4aeadc 0%,#9778d1 20%,#cf2aba 40%,#ee2c82 60%,#fb6962 80%,#fef84c 100%);--wp--preset--gradient--blush-light-purple:linear-gradient(135deg,#ffceec 0%,#9896f0 100%);--wp--preset--gradient--blush-bordeaux:linear-gradient(135deg,#fecda5 0%,#fe2d2d 50%,#6b003e 100%);--wp--preset--gradient--luminous-dusk:linear-gradient(135deg,#ffcb70 0%,#c751c0 50%,#4158d0 100%);--wp--preset--gradient--pale-ocean:linear-gradient(135deg,#fff5cb 0%,#b6e3d4 50%,#33a7b5 100%);--wp--preset--gradient--electric-grass:linear-gradient(135deg,#caf880 0%,#71ce7e 100%);--wp--preset--gradient--midnight:linear-gradient(135deg,#020381 0%,#2874fc 100%);--wp--preset--font-size--small:1rem;--wp--preset--font-size--medium:1.125rem;--wp--preset--font-size--large:1.75rem;--wp--preset--font-size--x-large:clamp(1.75rem,3vw,2.25rem);--wp--preset--spacing--20:.44rem;--wp--preset--spacing--30:.67rem;--wp--preset--spacing--40:1rem;--wp--preset--spacing--50:1.5rem;--wp--preset--spacing--60:2.25rem;--wp--preset--spacing--70:3.38rem;--wp--preset--spacing--80:5.06rem;--wp--preset--shadow--natural:6px 6px 9px rgba(0,0,0,.2);--wp--preset--shadow--deep:12px 12px 50px rgba(0,0,0,.4);--wp--preset--shadow--sharp:6px 6px 0px rgba(0,0,0,.2);--wp--preset--shadow--outlined:6px 6px 0px -3px #fff,6px 6px #000;--wp--preset--shadow--crisp:6px 6px 0px #000}:root{--wp--style--global--content-size:800px;--wp--style--global--wide-size:1130px}:where(body){margin:0}.wp-site-blocks>.alignleft{float:left;margin-right:2em}.wp-site-blocks>.alignright{float:right;margin-left:2em}.wp-site-blocks>.aligncenter{justify-content:center;margin-left:auto;margin-right:auto}:where(.is-layout-flex){gap:.5em}:where(.is-layout-grid){gap:.5em}.is-layout-flow>.alignleft{float:left;margin-inline-start:0;margin-inline-end:2em}.is-layout-flow>.alignright{float:right;margin-inline-start:2em;margin-inline-end:0}.is-layout-flow>.aligncenter{margin-left:auto !important;margin-right:auto !important}.is-layout-constrained>.alignleft{float:left;margin-inline-start:0;margin-inline-end:2em}.is-layout-constrained>.alignright{float:right;margin-inline-start:2em;margin-inline-end:0}.is-layout-constrained>.aligncenter{margin-left:auto !important;margin-right:auto !important}.is-layout-constrained>:where(:not(.alignleft):not(.alignright):not(.alignfull)){max-width:var(--wp--style--global--content-size);margin-left:auto !important;margin-right:auto !important}.is-layout-constrained>.alignwide{max-width:var(--wp--style--global--wide-size)}body .is-layout-flex{display:flex}.is-layout-flex{flex-wrap:wrap;align-items:center}.is-layout-flex>:is(*, div){margin:0}body .is-layout-grid{display:grid}.is-layout-grid>:is(*, div){margin:0}body{padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px}:root :where(.wp-element-button, .wp-block-button__link){background-color:#32373c;border-width:0;color:#fff;font-family:inherit;font-size:inherit;font-style:inherit;font-weight:inherit;letter-spacing:inherit;line-height:inherit;padding-top:calc(.667em + 2px);padding-right:calc(1.333em + 2px);padding-bottom:calc(.667em + 2px);padding-left:calc(1.333em + 2px);text-decoration:none;text-transform:inherit}.has-black-color{color:var(--wp--preset--color--black) !important}.has-cyan-bluish-gray-color{color:var(--wp--preset--color--cyan-bluish-gray) !important}.has-white-color{color:var(--wp--preset--color--white) !important}.has-pale-pink-color{color:var(--wp--preset--color--pale-pink) !important}.has-vivid-red-color{color:var(--wp--preset--color--vivid-red) !important}.has-luminous-vivid-orange-color{color:var(--wp--preset--color--luminous-vivid-orange) !important}.has-luminous-vivid-amber-color{color:var(--wp--preset--color--luminous-vivid-amber) !important}.has-light-green-cyan-color{color:var(--wp--preset--color--light-green-cyan) !important}.has-vivid-green-cyan-color{color:var(--wp--preset--color--vivid-green-cyan) !important}.has-pale-cyan-blue-color{color:var(--wp--preset--color--pale-cyan-blue) !important}.has-vivid-cyan-blue-color{color:var(--wp--preset--color--vivid-cyan-blue) !important}.has-vivid-purple-color{color:var(--wp--preset--color--vivid-purple) !important}.has-metallic-red-color{color:var(--wp--preset--color--metallic-red) !important}.has-maximum-yellow-red-color{color:var(--wp--preset--color--maximum-yellow-red) !important}.has-yellow-sun-color{color:var(--wp--preset--color--yellow-sun) !important}.has-palm-leaf-color{color:var(--wp--preset--color--palm-leaf) !important}.has-aero-color{color:var(--wp--preset--color--aero) !important}.has-old-lavender-color{color:var(--wp--preset--color--old-lavender) !important}.has-steel-teal-color{color:var(--wp--preset--color--steel-teal) !important}.has-raspberry-pink-color{color:var(--wp--preset--color--raspberry-pink) !important}.has-medium-turquoise-color{color:var(--wp--preset--color--medium-turquoise) !important}.has-black-background-color{background-color:var(--wp--preset--color--black) !important}.has-cyan-bluish-gray-background-color{background-color:var(--wp--preset--color--cyan-bluish-gray) !important}.has-white-background-color{background-color:var(--wp--preset--color--white) !important}.has-pale-pink-background-color{background-color:var(--wp--preset--color--pale-pink) !important}.has-vivid-red-background-color{background-color:var(--wp--preset--color--vivid-red) !important}.has-luminous-vivid-orange-background-color{background-color:var(--wp--preset--color--luminous-vivid-orange) !important}.has-luminous-vivid-amber-background-color{background-color:var(--wp--preset--color--luminous-vivid-amber) !important}.has-light-green-cyan-background-color{background-color:var(--wp--preset--color--light-green-cyan) !important}.has-vivid-green-cyan-background-color{background-color:var(--wp--preset--color--vivid-green-cyan) !important}.has-pale-cyan-blue-background-color{background-color:var(--wp--preset--color--pale-cyan-blue) !important}.has-vivid-cyan-blue-background-color{background-color:var(--wp--preset--color--vivid-cyan-blue) !important}.has-vivid-purple-background-color{background-color:var(--wp--preset--color--vivid-purple) !important}.has-metallic-red-background-color{background-color:var(--wp--preset--color--metallic-red) !important}.has-maximum-yellow-red-background-color{background-color:var(--wp--preset--color--maximum-yellow-red) !important}.has-yellow-sun-background-color{background-color:var(--wp--preset--color--yellow-sun) !important}.has-palm-leaf-background-color{background-color:var(--wp--preset--color--palm-leaf) !important}.has-aero-background-color{background-color:var(--wp--preset--color--aero) !important}.has-old-lavender-background-color{background-color:var(--wp--preset--color--old-lavender) !important}.has-steel-teal-background-color{background-color:var(--wp--preset--color--steel-teal) !important}.has-raspberry-pink-background-color{background-color:var(--wp--preset--color--raspberry-pink) !important}.has-medium-turquoise-background-color{background-color:var(--wp--preset--color--medium-turquoise) !important}.has-black-border-color{border-color:var(--wp--preset--color--black) !important}.has-cyan-bluish-gray-border-color{border-color:var(--wp--preset--color--cyan-bluish-gray) !important}.has-white-border-color{border-color:var(--wp--preset--color--white) !important}.has-pale-pink-border-color{border-color:var(--wp--preset--color--pale-pink) !important}.has-vivid-red-border-color{border-color:var(--wp--preset--color--vivid-red) !important}.has-luminous-vivid-orange-border-color{border-color:var(--wp--preset--color--luminous-vivid-orange) !important}.has-luminous-vivid-amber-border-color{border-color:var(--wp--preset--color--luminous-vivid-amber) !important}.has-light-green-cyan-border-color{border-color:var(--wp--preset--color--light-green-cyan) !important}.has-vivid-green-cyan-border-color{border-color:var(--wp--preset--color--vivid-green-cyan) !important}.has-pale-cyan-blue-border-color{border-color:var(--wp--preset--color--pale-cyan-blue) !important}.has-vivid-cyan-blue-border-color{border-color:var(--wp--preset--color--vivid-cyan-blue) !important}.has-vivid-purple-border-color{border-color:var(--wp--preset--color--vivid-purple) !important}.has-metallic-red-border-color{border-color:var(--wp--preset--color--metallic-red) !important}.has-maximum-yellow-red-border-color{border-color:var(--wp--preset--color--maximum-yellow-red) !important}.has-yellow-sun-border-color{border-color:var(--wp--preset--color--yellow-sun) !important}.has-palm-leaf-border-color{border-color:var(--wp--preset--color--palm-leaf) !important}.has-aero-border-color{border-color:var(--wp--preset--color--aero) !important}.has-old-lavender-border-color{border-color:var(--wp--preset--color--old-lavender) !important}.has-steel-teal-border-color{border-color:var(--wp--preset--color--steel-teal) !important}.has-raspberry-pink-border-color{border-color:var(--wp--preset--color--raspberry-pink) !important}.has-medium-turquoise-border-color{border-color:var(--wp--preset--color--medium-turquoise) !important}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background:var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background:var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background:var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important}.has-cool-to-warm-spectrum-gradient-background{background:var(--wp--preset--gradient--cool-to-warm-spectrum) !important}.has-blush-light-purple-gradient-background{background:var(--wp--preset--gradient--blush-light-purple) !important}.has-blush-bordeaux-gradient-background{background:var(--wp--preset--gradient--blush-bordeaux) !important}.has-luminous-dusk-gradient-background{background:var(--wp--preset--gradient--luminous-dusk) !important}.has-pale-ocean-gradient-background{background:var(--wp--preset--gradient--pale-ocean) !important}.has-electric-grass-gradient-background{background:var(--wp--preset--gradient--electric-grass) !important}.has-midnight-gradient-background{background:var(--wp--preset--gradient--midnight) !important}.has-small-font-size{font-size:var(--wp--preset--font-size--small) !important}.has-medium-font-size{font-size:var(--wp--preset--font-size--medium) !important}.has-large-font-size{font-size:var(--wp--preset--font-size--large) !important}.has-x-large-font-size{font-size:var(--wp--preset--font-size--x-large) !important}ul li{color:#000 !important}.buttonblue{background:#0e69af !important;color:#fff}.circle-icon{background:#3368aa;padding:10px;border-radius:50%;color:#fff;font-size:2.5em}#mc_embed_signup div.response{margin-top:0;margin-left:-18px;padding:0 !important;font-weight:bold;float:left;top:0 !important;z-index:1;width:80%;overflow:visible}#mc_embed_signup{margin-left:-18px !important}#mce-EMAIL{background:#fff !important;max-width:240px !important}mc_embed_signup div.response{margin:0 !important;margin-left:-18px;padding:0;font-weight:bold;float:left;z-index:1;width:80%;overflow:visible !important}#mc_embed_signup div#mce-responses{margin-left:0px !important;margin-top:0px;padding-top:0px;max-width:240px}#mc_embed_signup #mce-success-response{margin-top:0;max-width:90%;overflow:wrap}#mc_embed_signup #mce-error-response{margin-top:0;overflow:wrap}#top input[type="email"]{margin-bottom:6px !important}.entry-content-wrapper div li{text-indent:0;font-size:17px;font-weight:300 !important;line-height:1.4em}.copyright a{display:none}.entry-content-wrapper div li{font-weight:400 !important}#top.single-post .fullsize .single-small.with-slider .blog-meta{display:none}#services{background:#186bad !important}.post-entry-3882{padding-top:53px !important}.post-entry-3136{padding-top:54px !important}.tribe-events-header__events-bar{display:none !important}.tribe-events-c-top-bar{display:none !important}.tribe-events .tribe-events-c-subscribe-dropdown__container{display:none}.single-tribe_events .tribe-events-cal-links{display:none}.tribe-common-l-container .tribe-events-l-container{padding-top:10px !important}.tribe-events .tribe-events-l-container{padding-top:10px !important}#top .fullsize .template-blog .post .entry-content-wrapper,#top .fullsize .template-blog .post .entry-content-wrapper>*{max-width:100%}.wp-block-image{text-align:center}.js_active .toggler{font-weight:600 !important;font-size:1.5em !important}.widgettitle{font-weight:700 !important;font-size:1.25em}.evenbox{height:180px;line-height:1.2em !important}@media only screen and (max-width: 767px){.evenbox{height:auto;margin-top:15px;font-size:15px !important;line-height:1.1em !important}}@media only screen and (min-width: 768px) and (max-width: 1080px){.evenbox{height:260px;line-height:1.1em !important;font-size:.7em}}@media only screen and (min-width: 1081px) and (max-width: 1139px){.evenbox{height:250px}}@media only screen and (min-width: 1140px) and (max-width: 1301px){.evenbox{height:220px}.minw290{min-width:50%}}@media only screen and (min-width: 1675px){.evenbox{height:148px}}.equal-height-buttons{display:flex;justify-content:center;align-items:flex-end;flex:1 1 0;height:80px}.minw290{min-width:290px}.text643{width:100%;height:243px;margin-bottom:25px}@media only screen and (min-width: 1291px) and (max-width: 1738px){.text643 p{font-size:.94em;line-height:1.2em}}@media only screen and (min-width: 901px) and (max-width: 1290px){.text643{height:300px}.text643 p{line-height:1.3em}}@media only screen and (min-width: 768px) and (max-width: 900px){.text643{height:350px}.text643 p{line-height:1.2em}}@media only screen and (max-width: 767px){.text643{height:auto;padding-bottom:15px}.imgwidth{max-width:95%}}.imgwidth{min-width:280px;max-width:95%}#left{width:47%;float:left;margin-right:4%;margin-bottom:-10px}#right{width:47%;float:left;margin-bottom:-10px}#left2{width:47%;float:left;margin-right:4%}#right2{width:47%;float:left}.clearfix:after{content:" ";display:block;height:0;clear:both;visibility:hidden;overflow:hidden;margin-bottom:10px}.clearfix{display:block}#wrap{width:750px;height:1000px;padding:0;overflow:hidden;margin-bottom:0}#scaled-frame{width:1000px;height:1200px;border:0px;margin-bottom:0}#scaled-frame{zoom:.75;-moz-transform:scale(.75);-moz-transform-origin:0 0;-o-transform:scale(.75);-o-transform-origin:0 0;-webkit-transform:scale(.75);-webkit-transform-origin:0 0}@media screen and (-webkit-min-device-pixel-ratio:0){#scaled-frame{zoom:1}}.nosvg{}#top .avia-font-entypo-fontello-enfold,body .avia-font-entypo-fontello-enfold,html body [data-av_iconfont='entypo-fontello-enfold']:before{font-family:"entypo-fontello-enfold"}#top .avia-font-entypo-fontello,body .avia-font-entypo-fontello,html body [data-av_iconfont='entypo-fontello']:before{font-family:"entypo-fontello"}#mc_embed_signup{background:rgba(0,0,0,0);clear:left;font:14px Helvetica,Arial,sans-serif;width:600px}

Protected: IPO Mania: What the Rocket Ships, Chatbots, and Rule Changes Mean for Your Portfolio

Contact Us

Stay Connected

You might also like

Contact Us

Stay Connected