IPO
Coverage of IPO in the Nexus archive.
- Oura and Aggreko IPO Plans Are Latest Signs of Europe Losing Out
Recent signs indicate that European stock exchanges are losing out to the US in attracting major IPO plans, citing Oura and Aggreko as key examples. This trend emerged despite continuous efforts by both governments and bourses working to retain and win future listings.
- China’s IPO Rush Is Showing Strain With Pace Nearing 2023 Frenzy
China's market for initial public offerings is currently exhibiting signs of strain. The high-powered IPO sector’s rapid pace may be difficult to maintain.
- DayOne Seeks Loan to Fund Hong Kong Data Center Ahead of US IPO
DayOne Data Centers is seeking a loan of HK$1.86 billion ($237 million) to fund its data center in Hong Kong. This reported borrowing comes as the company prepares for a planned initial public offering in the US.
- OpenAI's CFO told employees the company is targeting an IPO in 2027 — or sooner
OpenAI's CFO told employees that the company is targeting an Initial Public Offering (IPO) in 2027 or earlier. Sarah Friar stated that the listing could happen sooner if the business continues to grow, advising staff not to worry if rival Anthropic debuts first.
- HKEX Sees Strong IPO Pipeline With International Firms
The initial public offering pipeline is reported to remain strong. Bonnie Chan, CEO of Hong Kong Exchanges & Clearing Ltd., stated that there are close to 10 international companies in the IPO pipeline. She provided this information to Minmin Low on Bloomberg TV.
- Robot maker Unitree’s IPO surges 600%, outpacing crypto traders’ premarket bets
Robot maker Unitree experienced an Initial Public Offering (IPO) surge of 600%. This substantial gain allowed it to surpass premarket bets made by crypto traders.
- CXMT Rival YMTC Moves Closer to China’s Next Marquee Chip IPO
Yangtze Memory Technologies Co., or YMTC, has approached an initial public offering (IPO) within China. This move follows the successful near-record share sale experienced by its rival, CXMT Corp.
- NSE Eyes $55 Billion Valuation in IPO While Rival BSE’s Shares Lose Favor
NSE is aiming for a $55 billion valuation through its planned Initial Public Offering (IPO). The IPO is expected to launch during the second half of September. Meanwhile, rival BSE's shares are noted as losing favor.
- Anthropic's revenue run rate surged past $65 billion ahead of its planned IPO
Anthropic's revenue run rate has surged past $65 billion ahead of its planned IPO. The company reported preliminary Q2 revenue of $11.5 billion, which marks a significant increase, generating more than 14 times what it achieved in the same period last year.
- Alibaba-Backed Robot Maker LimX Said to Plan Up to $300 Million Hong Kong IPO
Robot maker LimX Dynamics has confidentially filed for a Hong Kong initial public offering to raise up to $300 million. This move adds to a wave of Chinese robotics companies preparing to go public.
- Dangote’s Nigeria Refinery Secures $400 Million Ahead of $2 Billion IPO
Investors have committed $400 million towards a planned initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE. This funding is being raised for the expansion of the facility, which operates as the continent’s largest crude oil processing plant.
- JPMorgan cut Polymarket’s banking ties in October but still wants a role in a potential IPO: FT
JPMorgan severed its banking ties with Polymarket in October. Despite this professional separation, JPMorgan intends to maintain an interest by pursuing a role within Polymarket's potential Initial Public Offering.
- OpenAI upheaval mounts as Sam Altman readies IPO push
OpenAI is preparing for an IPO push despite internal changes, including executive exits and modifications within its safety team. These developments have reportedly unsettled staff members at the ChatGPT maker.
- OpenAI's annualized revenue has doubled to top $40 billion ahead of its IPO
OpenAI's annualized revenue has doubled to top $40 billion ahead of its IPO. This growth in run rate was driven by AI coding tools, subscriptions, and advertising.
- RedotPay said to put $1 billion U.S. IPO plan on hold: Bloomberg
RedotPay has reportedly been advised to put its planned U.S. Initial Public Offering (IPO) of $1 billion on hold. This information was reported by Bloomberg.
- China built robots that can do backflips – but can they make money?
The article highlights robots built in China that can perform backflips while questioning their financial viability. Furthermore, Unitree's IPO is expected to gauge investor interest for this technology, which must prove its commercial viability amid intensifying geopolitical tensions.
- ZUS Coffee Is Said to Explore Malaysia IPO to Raise at Least $245 Million
ZUS Coffee is reportedly exploring an initial public offering of its Malaysia business. This proposed IPO aims to raise at least 1 billion ringgit, which equates to $245 million.
- Anthropic investors bet on $2tn valuation in record IPO
Investors are betting on Anthropic achieving a $2tn valuation in a record IPO. Rapid revenue growth fuels hope that the Claude-maker can overcome challenges to become the biggest listing in history.
- Anthropic’s anticipated $2tn IPO
Anthropic is anticipating a $2tn IPO based on its rapid revenue growth. This strong financial performance fuels hope that the company, known as the Claude-maker, can overcome current challenges.
- OpenAI completed a $7 billion employee stock buyback ahead of its possible IPO
OpenAI completed a $7 billion employee stock buyback ahead of its possible IPO. This deal reportedly values OpenAI at $852 billion and follows the company's confidential IPO filing with the SEC in June.
- Chinese robot maker’s IPO 5,500 times oversubscribed by retail investors
A Chinese robot maker's Initial Public Offering (IPO) was significantly successful, reported as 5,500 times oversubscribed by retail investors. Additionally, the company raised $900 million through Unitree ahead of its anticipated listing in Shanghai later this month.
- Shein Valued at $22 Billion to $25 Billion Ahead of IPO, BI Says
Bloomberg Intelligence set a valuation range of $22 billion to $25 billion for Shein Global Holdings Ltd., citing the company's fast-fashion niche. This assessment addresses questions surrounding the retailer as it prepares for one of its biggest initial public offerings.
- UK IPO Slump Hurting Private Equity and Venture, PitchBook Says
The UK market for initial public offerings is experiencing a slump, which is negatively affecting private equity and venture capital firms. As a result, these investment groups have fewer exit routes and are increasing their dependence on selling assets to large corporates or other buyout shops to generate returns, according to PitchBook data.
- SpaceX's first post-IPO lockup expires today — but the stock's slide is costing insiders a bigger window
SpaceX's first post-IPO lockup is expiring today, allowing up to 911.5 million shares to unlock on Thursday. However, a separate tranche of these shares remains frozen because the stock price is currently trading below its initial $135 IPO price.
- SpaceX created a new class of ultrawealthy. Here’s what comes next
SpaceX's market debut created significant paper wealth for employees, but market volatility and complex unlocking schedules have complicated its realization. The stock surged post-IPO before dropping below its initial price, leaving employees with restricted shares until staggered release dates. Financial strategies like trusts and tax exemptions are discussed as tools to manage wealth transfer amid uncertainty.
- SpaceX shares plunge after first results since blockbuster IPO
SpaceX shares experienced a significant decline following the company's first results since its highly successful initial public offering (IPO).
- Manipal Health Set for Muted Mumbai Debut After $960 Million IPO
Manipal Health Enterprises Ltd. is set for a muted stock market debut in Mumbai after its $960 million initial public offering, with gray market trading indicating cooling investor sentiment.
- SpaceX wants to launch next Starship this month (and catch it, too), Elon Musk says in 1st earnings call since historic IPO
SpaceX aims to launch and catch the next Starship this month, as announced by Elon Musk in his first earnings call following the company's historic IPO.
- SpaceX revenue jumps, beating expectations
SpaceX reported a 92% year-over-year revenue increase, surpassing Wall Street expectations in its first post-IPO earnings. Starlink's growth was attributed to consumer, government, and enterprise businesses, including partnerships with major airlines, though investor uncertainty persists ahead of the IPO lock-up expiration.
- After share price crash following IPO, SpaceX to report first earnings as a public company
SpaceX will report its second quarter earnings as a public company for the first time. The company's stock has plummeted 24% since its June IPO, which initially valued it at $2tn. Investors are seeking clarity on SpaceX's profit potential after the significant market cap loss.
- How an L.A. vintage boutique became a billion-dollar company
Reformation, an L.A. vintage boutique, became a billion-dollar company through its IPO. The article highlights its growth from a local store to a publicly traded business.
- Shein is offering $1.1 billion in cash payouts to investors as it prepares for a much cheaper IPO
Shein is offering $1.1 billion in cash payouts to investors as it prepares for an IPO targeting a $40 billion to $50 billion valuation, which is lower than the $64 billion valuation from 2023.
- SpaceX's post-IPO plunge sets tense backdrop for first earnings report
SpaceX is set to release its first earnings report following a post-IPO stock price decline. Elon Musk, who also faces scrutiny after Tesla's recent underwhelming earnings, will present the results to investors.
- India’s IPO Boom Cools as Weak Markets Force Issuers to Cut Back
India’s initial public offering boom is fading, with proceeds down by a fifth from a year earlier as companies cut deal sizes, accept lower valuations, and delay listings. This trend raises doubts about sustaining momentum after two record years.
- US nuclear reactor company Westinghouse files for IPO
Westinghouse, a US nuclear reactor company owned by Brookfield, has filed for an IPO. The company previously entered bankruptcy protection nine years ago due to cost overruns.
- Fast-fashion retailer Shein’s 3-year IPO odyssey cost it the ‘golden time’ to go public
Fast-fashion retailer Shein delayed its IPO for three years, missing the optimal window to go public. Investors are skeptical about sustaining a $40-billion-plus valuation as the company's growth slows.
- Sustainable womenswear brand Reformation started trading on the NYSE at $15 a share
Sustainable womenswear brand Reformation began trading on the NYSE at $15 per share, raising $210.9 million in its IPO. The pricing was at the low end of its projected range.
- Retailer Reformation opens flat in market debut after pricing IPO at $15
Retailer Reformation made its IPO on the New York Stock Exchange under the ticker symbol 'REF' after pricing its IPO at $15. The stock opened at a flat price on its market debut.
- Sandwich Chain Jersey Mike’s, Backers Raise $1 Billion in IPO
Jersey Mike’s Subs Inc. and its shareholders raised $1 billion through an initial public offering (IPO). The IPO was priced at the midpoint of its marketed range.
- Databricks Co-Founder: IPO a Matter of "When" Not "If"
Databricks co-founder Arsalan Tavakoli emphasizes the potential in AI while highlighting the need for governance across the industry. The company is preparing for an IPO, with Tavakoli stating it is a matter of timing rather than uncertainty.