IPO Market Trends - The IPO market may see significant changes in 2026, potentially prompting major AI players to go public [1] - Private AI companies like OpenAI and Anthropic may need to consider IPOs due to increasing capital expenditure demands [2] - By 2030, data centers supporting AI processing are projected to require over $5 trillion in capex [2] Financial Considerations - Public equity provides lenders with real-time valuation certainty, enabling companies to take on more debt at lower costs [4] - Suppliers and partners require long-term financing durability, often through 10 to 15-year contracts, favoring public companies [4] - If OpenAI, valued at $1 trillion, floated 10% of its shares, it would exceed the total amount raised by all 340 IPOs in the US this year [5] Private vs Public Markets - There's been a decrease in the availability of public shares over the past 20 years [5] - Washington has been exploring ways to allow retail and high-net-worth investors access to private companies before they go public [6] - Democratizing private markets aims to give individual investors access to company growth phases [6]
AI IPO boom next year? The changing 2026 IPO landscape
CNBC Television·2025-12-23 12:03