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'Phenomenally Stupid': Zerodha's Nithin Kamath warns against blind pre-IPO frenzy as unlisted market booms

Nithin Kamath cautions retail investors against blindly chasing pre-IPO shares amid extreme valuations and hype. He flags 100500% markups, poor pricing, misleading promotions, regulatory gaps, and the rising risks in unlisted shares and crypto derivatives despite booming IPO sentiment