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Neuberger Berman

2025 Top 500 ranking: 59

2026: A Mega-Cap IPO Odyssey? SpaceX, OpenAI, and What’s Next in the Private-to-Public Pipeline

2026- A Mega-Cap IPO Odyssey? SpaceX, OpenAI, and What's Next in the Private-to-Public Pipeline

For years, some of the most consequential companies in technology have stayed private far longer than historical norms — growing to public-company scale without ever listing a share.

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