IPO Unpacked – Cents of Security

September 18, 2025

Check out episode 113 of Cents of Security by Interactive Brokers with Guest speaker Jeffrey Fidelman  

In this episode, you will hear: why the path from venture capital to IPO is rarely as straightforward as founders imagine, the myths and realities behind unicorn valuations and what they actually signal, how liquidity events like IPOs and SPACs reshape the founder–investor dynamic, and what every startup leader should understand about public markets before making the leap.

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