Companies are rushing to price initial public offerings before Elon Musk’s SpaceX lands a potentially $2 trillion deal on Wall Street and sucks up the oxygen.
As much as $17.3 billion in US listings could hit the tape this month alone, the busiest stretch since December.
“If I’m any company and I want to have a chance of attracting investors that invest in IPOs, I’d probably rather do it before that deal comes,” Bob Doll, chief executive of Crossmark Global Investments, told Bloomberg.
Bankers think they have until June. Polymarket traders agree.
Polymarket Traders Are Pricing June
Polymarket’s main contract on SpaceX’s IPO month gives June a 65% probability, with July at 12% and a “no IPO before 2027” tail at 6%.
SpaceX reportedly filed confidentially with the SEC on April 1, targeting a $1.75 trillion valuation and a $75 billion raise. That would be the largest IPO in history, bigger than Saudi Aramco.
Polymarket traders think there is a 91% chance …
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