Initializing the player… The IPO market has returned, but it’s being driven by a different set of companies this time. MANGOS is the new acronym on the block, replacing FAANG. It stands for Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that group is set to hit public markets in the same timeframe, putting investors, valuations, and expectations for public tech companies in 2026 to the test. On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane look past the headline figures to explore what this IPO wave really means and who stands to gain. Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify, and everywhere else podcasts are found. You can also follow Equity on X and Threads at @EquityPod. Topics. AI, artificial intelligence infrastructure, Anthropic, Apple’s WWDC, ChatGPT, FAANG, fundraising, Google, IPOs, MANGOS, OpenAI, Sam Bankman-Fried, SBF, SpaceX, and Waymo.
