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A 40% market crash is lurking in the IPO pipeline. SpaceX and OpenAI could trigger it.

Prior records for U.S. equity issuance came in 1929 and 2000 — and we all know what happened next.

This article was originally published by MarketWatch and is republished here under license.

Prior records for U.S. equity issuance came in 1929 and 2000 — and we all know what happened next.

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