With SpaceX trading around $2 trillion, Anthropic raising at a $965 billion post-money valuation, and OpenAI is expected to follow, we’re in for a hot IPO summer.
Add in a steady stream of smaller offerings—from Jersey Mike’s to Bending Spoons—and wealth advisors are bracing for a fairly compressed window in which employees who joined these companies on modest salaries are about to become extremely, suddenly rich. While Fortune is looking to coin “IPO Bros” for this special class of soon-to-be-filthy-rich cohort, they also present a category of client that family offices haven’t dealt with at this scale before.
