Gerstner says OpenAI and Anthropic deals are bigger than any tech IPO in five years.
“I was just looking at these. I think these are bigger private IPOs than any public IPO done in the last five years in the tech market.”
Gerstner reports Coatue's Philippe suggested companies now need $10 billion market cap to go public.
“he implied you tell me if I got this wrong. He implied that in the modern era, you need to be $10,000,000,000 to go public. Yeah. Market cap. Yes.”
Gerstner predicts most IPOs in the next twelve months will price below their last private round.
“majority of companies that come public in the next twelve months are going out below their last”