1. OpenAI's $40 billion offering bypasses the public market, affecting NDAQ's IPO landscape. 2. Number of public companies in U.S. has halved since the late 1990s, limiting growth. 3. SEC Chairman Paul Atkins pushes for wider access to private markets for investors. 4. Private fundraising dynamics lead to increased wealth disparity among investors. 5. Median age of companies going public has increased to 14 years, impacting NDAQ listings.
FAQ
Why Bearish?
The shift to private markets limits IPO opportunities, reducing activity on NDAQ.
How important is it?
The decline in public companies can reduce trading volume and investor interest in NDAQ.
Why Long Term?
Continued growth in private funding may prolong the trend of fewer IPOs.