Standard Chartered CIO warns mega AI IPO wave could create near-term market headwinds

Standard Chartered CIO Steve Brice warns that the upcoming IPOs of Anthropic, OpenAI, and SpaceX may cause short-term market headwinds. He suggests that investors absorbing this large volume of new equity offerings could create pressure on financial markets in the near term.

The planned stock market debuts of Anthropic, OpenAI and SpaceX (NASDAQ:SPCX) could create short-term pressure on financial markets as investors absorb a large volume of new equity offerings, according to Steve Brice, Global Chief Investment Officer for Wealth Solutions at Standard Chartered. Speaking on CNBC’s “Access Middle East” on Tuesday, Bric...