SpaceX, Anthropic, and OpenAI are set to make their debut on Wall Street, thanks to new "fast entry" rules by Nasdaq.
This move is expected to trigger a massive wave of buying and selling, shaking up the indices.
Nasdaq's new rules, implemented this month, will allow billions of passive investment dollars to flow into the three companies shortly after they go public.
Analysts said that it is likely to drive their share prices higher while forcing investors to offload other stocks, reported the Financial Times.
JPMorgan estimates that if half of the company's shares go public at a $2 trillion valuation, passive funds may need to sell about $95 billion worth of the eight largest tech stocks to rebalance their portfolios.
