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'Phenomenally stupid': Zerodha CEO Kamath sounds alarm on retail investors chasing pre-IPO gains; what he said

Zerodha CEO Nithin Kamath cautioned retail investors against speculative behavior in India's unlisted market, fueled by the current IPO boom. He highlighted inflated prices, high commissions, and the risk of IPO prices falling below pre-IPO purchase prices, leading to immediate losses. Kamath also warned about the regulatory ambiguity and potential for total losses in cryptocurrency derivatives.