Hello and welcome to the IPO Paloozer edition of Slate Money,

or Guy to the Business and Finance News of a week in which we had

Monster IPO. news of a week in which we had monster IPO activity. I'm Felix salmon of Axios. I'm here with Emily Peck of Huffpost. Hello. I'm here with Anna Schmansky of Breaking Views.

Hello. All three of us were left out of the coveted IPO allocations for Door Dash and AirB&B, and we feel sad about that because we would have

made lots of money if we had managed to get some of those allegations. We are

going to talk about whether we are sad about that and what should be done about it and whether it's even a problem.

We are also going to talk of course about the massive government antitrust suit against Facebook

and we are going to talk about the way that the COVID vaccine is being distributed and whether it's fair and or economically optimal.

All of that coming up on slate money. So the big news this week and it was IPO

frenzy we had an amazing off-the- charts IPO for Door Dash, which was then followed by an even more

amazing, even more off-the- charts IPO for AirB&B, what is going on?

Bring us up to speed.

Yes, so this is part of the IPO Palusa

that we've seen this year just a enormous record amount of issuance and

what was really notable about these was how much the stock popped on the first day.

In Airbnb's case, you know, it more than,

I believe more than doubled.

And Doordash almost doubled.

And what that means is that a whole bunch of like big institutional investors

bought a whole bunch of stock basically at the 50% discount to the market price and

when I say a whole bunch of stock, I mean three and a half billion dollars

worth of stock in both cases. So if you are a big institution, if you're a, I don't know,

...