#35: Medline IPO Preview + Retail VC Access, Ripple, OpenAI Drama, and Anthropic episode artwork

EPISODE · Nov 8, 2025 · 34 MIN

#35: Medline IPO Preview + Retail VC Access, Ripple, OpenAI Drama, and Anthropic

from Access IPOs Podcast · host Access IPOs

Craig starts with a rant about the lack of retail access to the fastest growth stage of private companies.Then, Medline has filed for an IPO and may complete its IPO by the end of 2025. Craig shares S-1 highlights.In IPO Radar news, Ripple raises $500 million at a $40 billion valuation. The OpenAI IPO potential and government backstop flub floods the news, and Anthropic projects $70 billion in ARR. Newsletter Signup(free download - "The IPO Process" One-Pager)Join the Access Club: 7-Day FREE TRIAL(0:00) Intro(0:26) More than IPOs(1:00) The VC Gap(1:37) Charts(2:16) Secondary Takeovers(2:47) Private Staying Private(3:36) Prediction Market Risk(4:25) Access vs. IPOs(5:18) Medline IPO(6:37) About Medline(7:43) Private Equity IPO(9:34) Medline S-1 Highlights(17:33) Medline IPO Expectations(19:01) Timing (Pending Shutdown)(20:09) IPO Radar: Ripple Raises(22:18) Ripple IPO Potential(23:23) Ripple Valuation(24:55) OpenAI IPO Drama(26:00) OpenAI Too Big to Fail?(28:20) Anthropic $70 Billion ARR(30:35) AI Bubble Talk(33:33) Incoming BF Deal

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#35: Medline IPO Preview + Retail VC Access, Ripple, OpenAI Drama, and Anthropic

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