Wave of $15 Billion US IPOs Runs Headlong Into War’s New Phase
SpaceX’s offering could take place as early as June, after the company filed confidentially for an IPO and boosted its target valuation above $2 trillion.
Photographer: Miguel J. Rodriguez Carrillo/AFP/Getty ImagesInvestment bankers are hitting the road to raise more than $15 billion across initial public offerings in the coming weeks, nervously eyeing market volatility as a standoff with Iran threatens a fragile ceasefire.
The success of a string of deals, led this week by a $2.23 billion IPO for ventilation and filtration systems provider Madison Air Solutions Corp., will be closely watched. Bankers are looking to put choppy performance for recent debutants in the rear-view mirror, clearing a path for the mammoth SpaceX listing expected in June.