My bet is the latter. GME exposed how undercapitalized they were given their customers’ leverage and existing investors probably aren’t interested in/can’t agree on terms for injecting more cash themselves.

Probably, you wouldn’t intentionally IPO immediately after a PR disaster unless you had too.

I really really hope the SEC makes them disclose all the gory details of their “payment for order flow” stuff. I mean, basically, smart people who write about it (Levine, patio11), say it’s harmless/helpful. But I don’t think it sits right with anyone. Certainly not with me .