BloFin Research: The $197B Question, How Mega IPOs Reshape Markets & Crypto

The approaching mega-IPO cycle will function as a transient liquidity absorber across risk assets before post-lockup wealth recycling produces a net positive medium-term impulse for both equities and crypto. $197 Billion Capital Has to Come From Somewhere In 2025, the U.S. IPO market generated $44B in total proceeds, and the past 10 year total U.S.