By Greg Bensinger
SAN FRANCISCO, June 3 (Reuters) - Beware the ghosts of IPOs past.
SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind.
That will put the companies' chiefs in the sights of the ****** oned-down world of Wall Street, even as they sell moonshots in the form of rockets and artificial intelligence software that occasionally makes up answers.
The lead-up to an IPO is a high-stakes series of conversations and presentations where potential investors press company executives for a glimpse inside their books to gauge whether they will grow and make money - while the CEOs and their lieutenants must present themselves as trustworthy. As the trillion-dollar IPOs draw near, they would do well to avoid the pitfalls that have dogged other market debuts.
SAN FRANCISCO, June 3 (Reuters) - Beware the ghosts of IPOs past.
SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind.
That will put the companies' chiefs in the sights of the ****** oned-down world of Wall Street, even as they sell moonshots in the form of rockets and artificial intelligence software that occasionally makes up answers.
The lead-up to an IPO is a high-stakes series of conversations and presentations where potential investors press company executives for a glimpse inside their books to gauge whether they will grow and make money - while the CEOs and their lieutenants must present themselves as trustworthy. As the trillion-dollar IPOs draw near, they would do well to avoid the pitfalls that have dogged other market debuts.
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