{"id":102758,"date":"2026-07-13T13:54:10","date_gmt":"2026-07-13T13:54:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/102758\/"},"modified":"2026-07-13T13:54:10","modified_gmt":"2026-07-13T13:54:10","slug":"chart-of-the-day-the-ipo-overload-counterargument","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/102758\/","title":{"rendered":"Chart of the Day: The \u201cIPO Overload\u201d Counterargument"},"content":{"rendered":"

I dropped a MoneyShow Video Market Minute<\/a> on Friday about the \u201cIPO Overload\u201d \u2013 a scenario where the supply of initial and secondary stock offerings overwhelms demand, causing markets to roll over. Today, I\u2019ll present the counterargument: It\u2019s all relative.<\/p>\n

Why talk about this at all? SK Hynix Inc. (SKHYV)<\/a> just sold $26.5 billion in shares on the Nasdaq, the biggest US listing by a foreign company ever. SpaceX (SPCX)<\/a>sold $75 billion in shares a month earlier, the biggest IPO by any company, anywhere, EVER. Plus, a lengthening list of companies is looking to launch billion-dollar-plus deals later in 2026 and 2027. It all adds up!<\/p>\n

But take a look at the MoneyShow Chart of the Day, which comes courtesy of a deep-dive report<\/a> from UBS Group AG (UBS)<\/a> in late June. It compares UBS\u2019 estimate of total issuance in 2026 to the total value of the US equity market (around $72 trillion). The firm also provides equivalent data for the last quarter century.<\/p>\n

(To get more articles and podcasts from MoneyShow, subscribe to our\u00a0Top Pros\u2019 Top Picks\u00a0newsletter here<\/a>.)<\/p>\n

Total IPO and Secondary Volume \/ Total Stock Market Value<\/p>\n

\"chart\"<\/p>\n

Source: Bloomberg, UBS<\/p>\n

In THAT light, 2026 looks like a solid year for issuance \u2013 but NOT a wildly exuberant one. As UBS concludes: \u201cFrom this perspective, we believe equity markets should be able to accommodate the increase in issuance.\u201d<\/p>\n

You can read the whole report to see what else UBS highlights, including still-elevated corporate stock buyback activity. That reduces the net supply of stock floating around in public markets. But the overall conclusion \u2013 \u201cIt\u2019s all relative\u201d \u2013 is worth noting.<\/p>\n

Like I said in my video, it doesn\u2019t look like we\u2019ve reached a tipping point YET. Rather, you have to keep an eye on supply and market activity for signs we\u2019re getting close. When we do, dialing down your stock market exposure will make sense.<\/p>\n

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"I dropped a MoneyShow Video Market Minute on Friday about the \u201cIPO Overload\u201d \u2013 a scenario where the…\n","protected":false},"author":2,"featured_media":102759,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[432,429,428,431,430,433,436,223,21983],"class_list":["post-102758","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-futures","tag-index-market-quote","tag-index-market-quotes","tag-index-market-symbol","tag-index-market-symbols","tag-indices","tag-the-globe-and-mail","tag-ubs","tag-ubs-group-ag-adr"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116913010622543883","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/102758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=102758"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/102758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/102759"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=102758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=102758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=102758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}