How to Participate Without Chasing the Hype
OpenAI and Anthropic could go public within months. Before they do, join us to learn:
Frameworks, not stock tips.
Free · Educational Only
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WHY THIS MATTERS NOW
Combined valuations OpenAI (~$1T) and Anthropic (~$965B) are targeting in their upcoming listings — the two largest AI IPOs ever.
Anthropic's targeted listing window, with OpenAI expected to follow. The window to prepare is now.
SpaceX's June IPO valuation — the largest US listing in history, and a preview of how the next ones will be priced.
Example, not a recommendation
IPOs that lost ground over the following three years, across 9,253 US listings from 1980–2024 (median 3-year return: −25.7%).
Average first-day IPO pop vs. average 3-year underperformance versus the market. The opening print is not the investment case.
Cumulative AI infrastructure capex committed through 2026 — roughly $535B above the pre-AI spending trend, with OpenAI, Anthropic, and the hyperscalers building at scale.
Sources: Reuters, Jay R. Ritter (University of Florida, Updated IPO Statistics 2026), Exponential View. Figures as of June–July 2026. Statistics are for illustration only and are not recommendations to buy or sell any security.
WHAT YOU'LL GET
What 100 years of IPO data say about buying hyped names at debut — and the pattern that repeats in every wave.
The outlook for the two biggest AI IPOs coming next: what's genuinely impressive, and what should give investors pause.
How to get exposure to the AI theme without paying today's IPO prices: the categories worth watching and the checklist we run.
Bring your questions on AI, IPOs, or your own portfolio. Submit at registration or ask live.
It's about the checklist we actually run before underwriting any business caught in a capital-intensive hype cycle — and how that discipline applies to whatever concentrated positions, RSUs, or "story stocks" are already sitting in your portfolio.
Free · Educational Only
YOUR HOSTS
Two Ridgewood investors, one long-term, value-oriented lens on a fast-moving story.
Founder & Chief Investment Officer · Ridgewood Investments
Partner & Portfolio Manager · Ridgewood Investments
ABOUT THE FIRM
Ridgewood Investments, LLC is an SEC-registered investment adviser focused on long-term, disciplined, research-driven investing. Founded by Ken Majmudar in 2002, the firm brings institutional rigor and deep fundamental analysis to wealth management for individuals, families, and institutions who've outgrown a transactional relationship with Wall Street.
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Free. Educational. One hour that could save you from the most expensive mistake of this cycle.
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