Core Insights - The successful debut of Circle and the remarkable rise of CoreWeave signal a renewed appetite among investors for high-risk emerging growth company IPOs, suggesting a potential resurgence of IPO activity on Wall Street [1][2] - Upcoming IPOs from fintech company Chime Financial and aerospace defense firm Voyager Technologies are set to test market conditions, with Chime aiming to raise $800 million and Voyager targeting over $300 million [1][5] Company Summaries - Chime Financial plans to offer 32 million shares at a price range of $24-26, with a market valuation exceeding $10 billion, and will list on NASDAQ on June 12 [1][5] - Voyager Technologies intends to sell 11 million shares at a price range of $26-29, aiming for a market cap of $1.6 billion, with a listing on the NYSE on June 10 [1][5] Market Sentiment - The strong performance of CoreWeave and Circle in the secondary market may encourage private companies to pursue IPO applications, indicating a shift in market sentiment [3][4] - The fear of missing out (FOMO) among investors is growing, particularly for those who missed the opportunity with CoreWeave, which has seen its stock price surge from $40 to approximately $140, a 250% increase [3][4] Economic Context - The IPO market is currently facing challenges, including the traditional summer slowdown and uncertainties surrounding trade policies, which may affect companies' decisions to go public [5][6] - Analysts suggest that if the Federal Reserve begins to lower interest rates later this year and if regulatory relaxations occur, IPO and M&A activities could see a rebound, although trade policy uncertainties may counteract these benefits [5][6]