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Why most IPOs are not worth the hype
The next crop of listings will be huge. Their returns may not be
TL;DRAI
SpaceX: $86bn IPO at $2trn, then lost $500bn value. OpenAI, Anthropic, Stripe, Databricks eyeing launches—yet IPO hype doesn't guarantee investor gains. For tech leaders: mega pre-IPO valuations fail to translate post-listing performance, flagging unsustainable AI funding dynamics.
260 words~1 min read
