

Morgan Stanley Exec on the IPO Market, Robinhood’s Tokenized Stocks and More
24 snips Jul 13, 2025
Arnaud Blanchard, the global co-head of equity capital markets at Morgan Stanley, shares insights into the revived IPO market after a slump. He discusses the promising performances of recent IPOs like Chime and Voyager Technologies. Blanchard believes around 200 IPOs are expected this year and speculates on their potential return to 2021 highs. He also analyzes sectors worth investors' attention and debates whether Robinhood's tokenized stocks could pose a threat to traditional IPOs.
AI Snips
Chapters
Transcript
Episode notes
Tariff Impact Hits Personal Imports
- Someone received an unexpected call demanding tariff payment on furniture arrival.
- It was a direct experience of tariffs hitting personal import transactions for an ordinary person.
AI Growth Outweighs Tariff Concerns
- Despite tariff and trade tensions, the S&P 500 is up ~25% from its 2025 low.
- AI-driven growth and tech giants like NVIDIA dominate, dampening tariff fears in markets.
IPO Market Shows Strong Rebound
- The IPO market is rebounding with increased volume and higher quality investors.
- There is greater diversity in companies going public including growth, tech, and defensive sectors.