Thomas H. Lee Partners’ Sperling says mega IPOs ride generative AI boom as tech buyouts stall

  • Thomas H. Lee Partners CEO Scott Sperling linked the surge in mega IPO valuations to expectations of exponential growth in generative AI.
  • He said AI-driven demand for data centers is lifting key parts of the stack, including semiconductors and memory.
  • Sperling said traditional tech buyouts are more constrained as AI uncertainty pressures valuation multiples for established software with once-stable cash flows.
  • He cited OpenAI, Anthropic, SpaceX as examples of large private valuations tied to an “AI future,” with some value bets less clearly defined.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Thomas H. Lee Partners LP published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.