Tom Lee says trillions in tech IPO supply won't crash the S&P 500
CoinDesk
Tom Lee argues that upcoming massive tech IPOs will not crash the S&P 500 due to significant available capital from institutional investors.Summary
Tom Lee, co-founder of Fundstrat, asserts that the expected wave of mega IPOs from firms like SpaceX, Anthropic, and OpenAI will not destabilize the S&P 500. While these listings could represent a supply increase of 5% to 6% of the index's market cap, Lee believes institutional investors, such as pensions and family offices, have enough liquidity to absorb the new shares. He suggests that these investors are currently under-allocated in public equities and will rotate back into the market. Furthermore, Lee touched on the future of finance, noting that Wall Street is increasingly interested in tokenization, blockchain-based identity verification, and the convergence of crypto, AI, and traditional finance.
(Source：CoinDesk)