7/10 UK IPOs below offering price
Seven out of ten IPOs in the UK over the last ten years are below their offering price, signaling chronic capital market underperformance.
Snapshot · Pivot
Starmer Resigns, Reflecting Pool Fiasco, and Amazon Dumps OpenAI Movie
Explore episode
Jun 23, 2026
Similar snapshots
Stuck at $2K MRR despite downloads
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
$30K MRR in 10 weeks after relaunch
After their rebuilt app launched, Eyal and Yali hit $30,000 MRR in just 10 weeks.
48% conversion to free trial
PropGPT achieves a 48% conversion rate from app download to free trial sign-up.
$3.30 revenue per download
For every user who downloads PropGPT, Eyal and Yali generate approximately $3.30 in revenue.
45% trial conversion vs. 13% paid conversion
Before the rebuild, PropGPT had a 45% download-to-trial rate but only 13% trial-to-paid conversion, revealing a product quality problem.
Peak of $40K MRR and 2,000 downloads in a day
PropGPT peaked at $40,000 MRR and 2,000 downloads in a single day during the NBA playoffs campaign.
One viral video: $8K to $38K ARR in 3 days
A single viral influencer video with 600,000 views drove PropGPT's ARR from approximately $8K to $38K in about 3 days.
~50% profit margins
PropGPT runs at roughly 50% profit margins after accounting for marketing, data APIs, hosting, and tooling costs.
$10K/month marketing spend
PropGPT spends approximately $10,000 per month on influencer marketing.
