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Tom Lee says trillions in tech IPO supply won't crash the S&P 500
Key takeaways
- Lee recently discussed the potential effect of SpaceX, Anthropic, and OpenAI listing which could unleash trillions of dollars in new equity supply into public markets.
- In inflation adjusted terms, Elon Musk's SpaceX alone could become the second largest IPO ever, seeking a market valuation above $1.5 trillion, behind only Saudi Aramco.
- Lee acknowledged concerns about the amount of supply these listings could introduce into public markets, especially after the standard 90-day lock-up periods expire.
Lee says Wall Street sees tokenisation as a major opportunity because blockchain technology enables instant settlement, 24/7 trading, and borrowing against assets such as real estate and art.Tom Lee, chairman of Bitmine Immersion Technologies and co-founder of Fundstrat, does not expect the coming wave of mega IPOs to derail markets even if they could eclipse the entire dot-com boom in scale.
Lee recently discussed the potential effect of SpaceX, Anthropic, and OpenAI listing which could unleash trillions of dollars in new equity supply into public markets.
In inflation adjusted terms, Elon Musk's SpaceX alone could become the second largest IPO ever, seeking a market valuation above $1.5 trillion, behind only Saudi Aramco.
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