IPO Market & M&A - The IPO market is experiencing a general thaw with increased activity across industries [1][2] - M&A activity is providing tension in the markets, with a pause in early Q2 due to tariffs, but is now becoming functional again [3] - Several companies are preparing to go public, including StubHub and SeatGeek on the consumer side, and more crypto names [4] Healthcare Sector - Healthcare is a super hot space, especially related to AI, with potential for numerous AI-related healthcare companies to go public [6][7] - Direct-to-consumer healthcare is growing as consumers take more control of their health and seek better value [7] - Companies like Ro Health are hitting metrics and partnering with Eli Lilly and Novo Nordisk, potentially getting closer to going public [6] - AI and digital solutions are providing a better consumer experience at a cheaper price in healthcare [8] AI & Technology - AI is beginning to see a real ROI, with companies and consumers paying real money for it [10] - The fundamental demand for SaaS, AI, and consumer companies is pretty good, despite tariff crosswinds [9] - 2025 is seen as a critical year to determine if investments in AI will pay off [11] - AI is providing a huge amount of leverage in coding and automation [12] - There is no slowdown in demand for AI, driven by orders from sovereigns and hyperscalers [14] Crypto - Circle's IPO could lead other crypto firms to go public [15] - Stablecoins are emerging as a good use case for crypto, offering a better, cheaper, and faster way to transfer money [15]