I have no idea where they got that headline from.

The “IPO price” for institutions (banks, hedge funds, a tiny bit for retail brokers) was $135. It opened on the public market at $150-something.

Still perhaps more than the company is worth, but at this point an institution that fought to get in on the IPO would be down 23% (unless they dumped it, which plenty did).

Covered slightly more seriously by the NYT and probably others: https://www.nytimes.com/2026/04/20/business/infowars-alex-jones-the-onion.html