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Tech IPOs Set to Ignite Wall Street Trading Frenzy

Financial Times Companies •
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Wall Street braces for a surge in activity as SpaceX, Anthropic and OpenAI prepare blockbuster IPOs. Investors anticipate high‑priced allocations and volatile aftermarket trading, with early bids likely to spark rapid buying and selling. The three listings, each backed by deep venture capital, could reshape equity flows in the tech sector.

The frenzy arrives amid broader geopolitical turbulence. A Turkish court removed the leader of the nation’s largest opposition party, tightening President Erdoğan’s grip on power, while former U.S. President Donald Trump escalated pressure on Cuba, intensifying diplomatic tensions. These developments add a layer of uncertainty that could influence risk appetite across global markets.

For traders, the immediate impact will be measured in order flow and price discovery rather than long‑term fundamentals. Short‑term volatility is expected to rise as institutional and retail participants scramble for allocations. Market participants should watch the IPO pricing windows closely, as they will dictate the scale of the trading burst.