’tis the season for IPO’s

A quick search tells me, “the overall (U.S. equity) market produced 446 IPOs with gross proceeds of $108.15 billion in 2000, compared to 537 IPOs raising $95.33 billion in 1999”

Knowing it’s 26 years on, but I consider Alphabet’s announcement of a $80bn equity raise is the ‘same’ as an IPO.

SpaceX is seeking to raise $75 billion in its upcoming IPO.

Very soon, we’ll find out how much Anthropic wishes to raise,

and it’s likely OpenAI follows soon.

And so here is a study of where the Nasdaq 100 is trading as percentage above its 4 year moving average.

June 2, 2026