BofA: Markets Can Absorb OpenAI and Anthropic IPOs

Bank of America's JD Moriarty said public markets have the capacity to absorb massive potential IPOs from OpenAI and Anthropic, citing SpaceX's listing as evidence of strong institutional and retail demand for transformational tech companies.

• BofA says markets can handle OpenAI and Anthropic IPOs
• SpaceX listing shows strong institutional and retail demand
• Abundant private capital is changing the traditional IPO playbook