What the Surge in IPOs Means for Investors
Exchanges
Will markets absorb lockup expirations
Host raises supply concerns; Jay Ritter argues U.S. capital markets are deep and can absorb even large IPOs.
US IPO issuance has surged to a record high in 2026. But this resurgence raises two concerns for the equity market: whether it is flashing a late-cycle warning sign and whether the market can digest so much new issuance. Jay Ritter of The IPO Initiative and Owen Lamont of Acadian Asset Management discuss whether the IPO surge is a red flag for markets. This episode explores the latest Top of Mind report.
This episode was recorded on July 8, 15, and 23, 2026.
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