Group 1 - This year is anticipated to be significant for IPOs, starting with BitGo's initial public offering priced at $18, which opened at around $22, indicating a market capitalization exceeding $2 billion [1] - The positive reception of BitGo's IPO suggests strong investor enthusiasm for new listings, reminiscent of last year's crypto companies like Circle and Gemini [1][6] - Major companies such as SpaceX, OpenAI, and Anthropic are expected to pursue IPOs this year, with some aiming for valuations that could place them in the trillion-dollar club [1][4] Group 2 - Investors generally favor IPOs, especially under favorable market conditions, as they can lead to significant first-day gains [2] - NYSE President Lynn Martin predicts a "supercycle" of IPO activity in 2026, with an acceleration expected in the latter half of Q1 into Q2 [3] - The aggregate value of U.S. unicorns, which are companies with private valuations of at least $1 billion, was reported at $4.3 trillion at the end of December, driven largely by the growth of AI companies [4] Group 3 - Companies planning large IPOs will be selective about their timing, monitoring market conditions to choose the optimal moment for their public offerings [5] - The positive market response to BitGo's IPO contrasts with the current struggles in the broader crypto market, which has faced challenges since October, including legislative hurdles [5]
This Year Is Expected to Deliver an IPO 'Supercycle.' First Up: A Crypto Company.