US Market IPO Alerts
ChatGPT maker OpenAI is also rushing towards a public listing at valuation of $US850 billion, while Anthropic is in talks to raise a new round of funding at a $US900 billion price-tag ahead of its IPO later this year.
Those companies will almost immediately start trading on the major stock indices because providers such as Nasdaq and MSCI updated their methodologies to fast-track the inclusion of mega-IPOs, allowing them to bypass standard waiting periods.
That is expected to trigger huge demand for the mega-cap stocks once they start trading, as passive and benchmark-aware investors rush to buy a large weighting, despite companies such as SpaceX offering a limited number of shares to the open market.
… the world of ETFs has changed the dynamic.
