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It really doesn't matter. They're doing secondary offerings for employees and individual holders, and they'll have no issue allowing private transactions for larger holders.

The general wealth distribution has shifted to the point that they do not need access to public funds, and frankly, if they can't find private funds for their needs, it is a huge red flag that they would just be dumping on the public.

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The problem with secondary offerings is that it means that someone in the private markets winds up holding the bag. It is in the best interests of insiders to have the public holding the bag if and when things go south. Even if you don't believe it will ever go south, the profits OAI would need to generate to justify the investment the private markets have flooded into OAI are absolutely gargantuan, and they are generally not built to sit around for multiple years collecting distributions. They need to return money to their LPs, and soon.

The "private market" at this point is so huge though that you'll have an "insiders" private market, and an "outsiders" public market to dump the bag on that the insiders don't care about.

That's fair, but there is clearly agitation from some corners to IPO at some point.

> it is a huge red flag that they would just be dumping on the public

unless the public is clueless

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