RIP our 401ks that will end up being the bagholders when its dumped on the market.

Your 401k is going to be fine, nobody goes public anymore until they're a big, dumb, boring, profitable company and all of the risk+returns have been rung out.

Too many normies betting their life savings without understanding this risk in prior bubbles, so we regulated away the ability for non-institutional investors to take venture risk at all.