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Wall Street has been rolling out the red carpet for some of the most eagerly anticipated public debuts in recent memory.
Index providers are changing rules to allow faster inclusion of mega-IPOs like SpaceX and Anthropic.
KEY POINTS
- Bank of America warns that a flood of IPO shares could end the stock market's bull run.
- The expected SpaceX and Anthropic IPOs may undermine the 'equity shrinkage' bull case.
- Passive funds may be forced to sell existing high-weighted holdings to accommodate these mega-IPOs.
- SpaceX reportedly seeks a $2 trillion IPO valuation, while Anthropic may exceed $900 billion.
COMPANIES
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