Bloomberg Surveillance · Wednesday, August 5, 2026
A significant 'wall of capital' is flowing into US equities globally, driven by a lack of alternative investment opportunities. Despite this, the IPO market is cautious, with a need for 'lockups' on marquee IPOs to clear before new offerings can be successfully launched. The overall amount of capital is not a concern, but market calm is needed for successful IPOs.
“I don't think there's too much capital coming to the market. The S and P is sixty trillion dollars. I don't think the IPOs are too big. I think there's a massive wall of capital coming to this, not just in the US, but globally. You know, we're hearing from our Iflow team there's a massive, massive buying of US equities globally because where else are you going to go with that wall of money?”
“So I'm not worried about the dollar amount, but there is that marketing thing right where you want it to be successful, and I think the markets have to calm down a little bit.”