Kai Risdahl

But Avery Marquez at Renaissance Capital says investors are still interested in certain IPOs.

SpaceX, OpenAI, and Anthropic each check those boxes.

SpaceX, OpenAI, and Anthropic each check those boxes.

They're huge names, and they're all involved in an industry that investors are still pretty bullish about, artificial intelligence.

They're huge names, and they're all involved in an industry that investors are still pretty bullish about, artificial intelligence.

And everyday investors want a piece of them.

And everyday investors want a piece of them.

These big companies need more money, even after raising billions from venture capital and other private investors, says Sarah Kunst at Clio Capital.

These big companies need more money, even after raising billions from venture capital and other private investors, says Sarah Kunst at Clio Capital.

And the next place to find it is in the public market.

And the next place to find it is in the public market.

Plus, those private investors in these tech giants, they're itching to cash in some of their shares, which have risen in value, says Kyle Stanford at PitchBook.

Plus, those private investors in these tech giants, they're itching to cash in some of their shares, which have risen in value, says Kyle Stanford at PitchBook.

And that's harder to do if shares in a company aren't publicly traded.

And that's harder to do if shares in a company aren't publicly traded.

One more factor, interest rates.

One more factor, interest rates.

Stephen Blitz at Global Data TS Lombard expects them to rise in the next year.

Stephen Blitz at Global Data TS Lombard expects them to rise in the next year.

When there will still likely be demand for these mega IPOs, he says, it just might be more expensive for companies to get all their ducks in a row.