WuBlockchain
Alliance founder Qiao Wang said during an October 26 livestream that he avoids IPOs, including potential listings by OpenAI and Anthropic, because the companies have yet to demonstrate consistent profitability. He views IPOs as presenting adverse selection: sellers control pricing and timing while buyers face substantial uncertainty.
Wang prefers to wait for prices to fall or for companies to establish clearer profitability and competitive advantages. He still holds NVIDIA and TSMC, though both positions are significantly smaller than they were three years ago. He also owns shares in Amazon, Microsoft, Google and Meta, and holds Bitcoin and Zcash. He remains confident in NVIDIA and TSMC’s management and competitive advantages but is uncertain about their short-term performance.
Frequently asked questions
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Why does Qiao Wang avoid IPOs?
He sees IPOs as involving adverse selection, with sellers controlling pricing and timing while buyers face significant uncertainty.
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What does Wang say about OpenAI and Anthropic?
He is particularly cautious about them because they have yet to demonstrate consistent profitability.
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What conditions would make Wang more willing to buy a company?
He prefers to wait for prices to fall or for a company to establish clearer profitability and competitive advantages.
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Has Wang sold all of his NVIDIA and TSMC shares?
No. He still holds both, but says his positions are significantly smaller than they were three years ago.
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Which other assets does Wang hold?
He also holds shares in Amazon, Microsoft, Google and Meta, as well as Bitcoin and Zcash.
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