The IPO market is making a comeback, and the companies leading the charge aren't the ones you might expect. FAANG had its moment, but a new acronym is taking center stage: MANGOS—representing Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that group is heading toward public markets within a similar timeframe, creating a major stress test for investors, valuations, and our expectations for what a publicly traded tech company should look like in 2026.

EMBED_PLACEHOLDER_0

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify, and all major podcast platforms. You can also follow Equity on X and Threads, at @EquityPod.