One of the reasons markets trend higher is a lack of new shares coming on to the market.
Over the last few months the IPO window has been opening and the offerings absorb buying power that would otherwise go into issues already trading.
See also: supply/demand.
From Tech in Asia, July 25:
Blackstone CEO Stephen Schwarzman announced on July 24, 2025 that the firm is preparing several of its portfolio companies for potential initial public offerings (IPOs) in the upcoming quarters.
This decision aligns with Blackstone’s strategy to leverage favorable market conditions for public listings.
Schwarzman did not provide specific details about which companies are involved or the timeline for the IPOs.
Recent Blackstone developments....
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