Post by NYCKEL

The IPO market is entering uncharted territory. Over the next 18 months, public markets may be asked to absorb more than USD 4 trillion of new equity from some of the most influential companies of our generation. SpaceX, Anthropic and OpenAI are not simply large private companies approaching liquidity events, they are organizations actively reshaping space exploration, artificial intelligence, communications and the future architecture of the global economy. This raises a fundamental question for investors: how should markets value transformative companies whose long-term impact appears undeniable, but whose current valuations already reflect extraordinary expectations? Our latest analysis explores the emerging 2026 mega-IPO wave, examining the scale of capital involved, the market's capacity to absorb it, the implications for institutional and retail investors, and the risks hidden behind some of the most anticipated listings in modern financial history. Three key conclusions stand out.