2026 May Be the Year of the Mega I.P.O.

"We're going to get into a period of potentially unprecedented I.P.O. "But we are confident they're executable given the scale of these companies and the investor interest." These listings could create an enormous bonanza for Wall Street and Silicon Valley after years of lackluster offerings. They could set off a feeding frenzy among public market investors who have been waiting to get a piece of the A.I. boom, and Wall Street banks stand to make hundreds of millions facilitating the listings. That is stoking more excitement for the A.I. boom as it enters its fourth year, even as the question of a bubble intensifies.