---
title: "Hundreds of billions in dry powder: How mega-IPOs could unleash new demand for private companies"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289208596.md"
description: "Baker argues that mega-IPOs free up mutual fund capacity, unlocking hundreds of billions for firms like T. Rowe Price to pursue private deals. Baillie Gifford's forced sale of its SpaceX stake highlights existing binding private-allocation caps for major funds."
datetime: "2026-06-09T14:55:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289208596.md)
  - [en](https://longbridge.com/en/news/289208596.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289208596.md)
---

# Hundreds of billions in dry powder: How mega-IPOs could unleash new demand for private companies

Quick ReadBaker argues mega-IPOs free mutual fund capacity, unlocking hundreds of billions for firms like T. Rowe Price (TROW) to chase new private deals.Baillie Gifford was forced to sell its SpaceX stake for regulatory compliance, illustrating how binding private-allocation caps already are for major funds.Many financial professionals are salespe...

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