Bloomberg May 22, 2026 • 12:41

BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s - Bloomberg.com

By Farah Elbahrawy, Michael Msika

BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s - Bloomberg.com

Mega IPOs like those eyed by SpaceX and OpenAI threaten to push the weighting of tech in equity benchmarks beyond market-bubble levels of concentration, according to Bank of America Corp. strategist Michael Hartnett.

Mega IPOs like those eyed by SpaceX and OpenAI threaten to push the weighting of tech in equity benchmarks beyond market-bubble levels of concentration, according to Bank of America Corp. strategist … [+349 chars]

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