#247: IPO Liquidity Is Back — For Real This Time?

Two months ago, you had to squint to see signs of IPO life. Now, it’s unmistakable: the window is open, and liquidity is back on the table.

In the last 90 days:

• CoreWeave IPO’d in March at a $20B valuation, raised $1.5B, and has since tripled — riding 420% YoY revenue growth and nearly $1B in Q1 revenue.

• Circle, the stablecoin issuer behind USDC, went publ…