Fundstrat’s Tom Lee argues that trillions in new IPO supply from SpaceX, Anthropic, and OpenAI could ultimately be absorbed by underallocated investors. SpaceX, OpenAI, and Anthropic are all reportedly looking to IPO in the U.S. market. Tom Lee estimates the three IPOs could create trillions in post lock-up supply, equivalent to 5% to 6% of the S&P 500’s market capitalization. Lee says Wall Street sees tokenisation as a major opportunity because blockchain technology enables instant settlement,…
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