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173 Banks Pitching Mega IPOs Seek to Limit Mass Selling

The Information
Cory Weinberg @ The Information · today 09:00 EDT

Banks Pitching Mega IPOs Seek to Limit Mass Selling

Wall Street is gearing up for three potentially record-setting initial public offerings over the next 18 months. The talk among bankers is not about what SpaceX, Anthropic and OpenAI will do on their big days but about what happens after that, when the companies’ existing shareholders try to unload their multibillion-dollar stakes.

Each of the three has raised some of the largest amounts ever for private companies. That creates the risk that when they go public, early investors will flood the market with s

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