Moonshot faces $700m shareholder dispute ahead of HK IPO
Known for its Kimi models, Moonshot has been in arbitration with Recurrent.ai since 2024.
140 stories
Known for its Kimi models, Moonshot has been in arbitration with Recurrent.ai since 2024.
CNBC reports: As Anthropic barrels toward a potential $2 trillion market cap on the Nasdaq, one research firm is valuing the artificial intelligence company at a mere $150 billion and says Wall Street is about to face an "unprecedented test of investor gullibility." In a report on Tuesday,…
SoftBank's earlier investment valued the Nigeria-focused fintech at US$2 billion in 2021.
Firmus previously announced a US$2 billion strategic equity investment to expand AI infrastructure.
Blockchain.com has filed CFTC applications for DCM and FCM licenses to offer prediction markets and crypto derivatives to US retail and institutional clients.
Nvidia-backed Firmus abandons plan to list in Sydney, blaming ‘recent market volatility and prevailing market conditions’
Firmus had aimed to raise US$5 billion at A$11 (US$7.7) a share.
Technology stocks fell lower today following a report that artificial intelligence giant OpenAI Group PBC’s annualized revenue this year is about $20 billion less than what was previously reported by the media, sending shockwaves through the industry.
Inside SCI Ecommerce’s financial troubles, from suspected irregularities to a failed restructuring. Plus, Revolut’s Singapore expansion plans.
SYDNEY (Reuters) -- Australia's Firmus, a data center operator backed by Nvidia, shelved its $5 billion initial public offering, citing market volatil
Jill Hallquist from Fidelity's digital transfer agent business, and Lenka Haase of Fidelity stock plan services offer advice to companies going public.
Firmus Grid Ltd. abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia Corp.-backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.
Matthew Gehl, Co-head of International Technology Investment Banking at JPMorgan spoke to Bloomberg's Tom Mackenzie at the 2026 JPMorgan Tech Stars event in London on Oct. 6. (Source: Bloomberg)
The sudden plunge in demand for an Nvidia-backed data center company’s initial public offering is revealing fresh cracks in the AI funding boom.
Kling AI, Kuaishou’s AI video-generation business, has selected banks for a potential Hong Kong initial public offering that could raise at least $1 billion, Bloomberg reported on October 6, citing people familiar with the plans.
Anthropic reportedly plans to list on the Nasdaq before Thanksgiving, and one bearish advisory firm suggests that investors sit this one out.
SK Hynix Inc.’s Solidigm has picked lead banks for its US initial public offering next year, according to people familiar with the matter.
As AI IPOs bring greater scrutiny, argues guest author Maor Farid, founder and CEO of Leo AI, investors will increasingly prioritize customer spending growth, sustainable margins and deployment efficiency over rapid revenue growth alone.
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