alt Hacker News>The plan is to rapidly drive these prices up in the first 15 days, get the companies listed in the NASDAQ so funds are forced to purchase them at higher prices, then leave retirement accounts holding the bag.
Dumb question: why couldn't retirement accounts simply not purchase these?
Replies
moregrist • today at 5:39 PM
Seems like there should be a market for a no-Elon/OpenAI/Anthropic ETF out there.
Or one that just imposes a reasonable waiting period on adding newly-IPO’d listings.
These funds don’t invest actively (picking individual stocks). Instead they invest in indexes that track larger portions of the market. So they’ll automatically buy once the company is listed on the NASDAQ.