The IPO market is back, and it’s no longer led by the same companies. FAANG performed well, but a new acronym is dominating: MANGOS – Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI and SpaceX. Half of that group is going to the public markets in the same window, and it’s a stress test for investors, for valuations, and for investors. […]
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