Everything on IPO Strategy

The upcoming IPOs of major AI firms will expose the extent of their losses and reliance on circular financing. The shift from requiring profitability to celebrating large losses marks a dangerous change in public equity standards.

Impact: Retail and institutional investors may face higher volatility and lower returns if they do not scrutinize the financial health and monetization strategies of these new listings.

— from AI CapEx Boom and Valuation Risks · FT Tech Tonic· Sep 16, 2026