An early Anthropic backer predicts a post-IPO valuation of up to $2.4 trillion, topping SpaceX
Says this VC, Anthropic "will continue to be one of these names where people say, I feel like I have to own it."
Fortune AI3 min read
IPOs
12 stories
Why Oura really pulled its IPO: Wall Street experts suspect valuation concerns, an insider cash-out, and an Apple-sized threat
Oura blamed market "uncertainty," but maybe investors just didn’t buy the story.
Fortune AI6 min readWhat Oura’s Delayed IPO Says About Competing in a Crowded Fitness Gadget Market
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Dana Wollman unpacks all of the things that could possibly go wrong for a fitness-gadget company like Oura.
Bloomberg Technology1 min readTencent-Backed AI Cloud Unicorn Said to File for Hong Kong IPO
Infinigence AI, a Chinese AI cloud infrastructure provider, is preparing for a Hong Kong listing as early as the first half of next year to capitalize on demand for computing resources to power artificial intelligence models and agents.
Bloomberg Technology1 min readInvestors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges
One fund manager allegedly paid his 4 a.m. strip club bill from fund capital after his card was declined.
Fortune AI6 min readKalshi Finalizing New Funding at $40 Billion Value Ahead of IPO
Kalshi Inc. is finalizing a new financing round that would value the prediction market platform at around $40 billion, according to people familiar with the matter.
Bloomberg Technology1 min readAI Infrastructure Firm Accelevation Edges Down 2.5% After IPO
Shares of Accelevation Holdings Corp., a data center infrastructure company, declined 2.5% after the company and its private equity backer raised $540 million in an initial public offering priced below its marketed range.
Bloomberg Technology1 min readBloomberg Screentime Conference: Ben Affleck and the Rest of Hollywood Talk AI
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Dawn Chmielewski gets us ready for the Screentime conference where Oscar winners will discuss the ingress of AI into Hollywood.
Bloomberg Technology1 min readFrom IPO boom to standoff: Saudi Arabia’s capital markets ambitions meet a reluctant investor base
Saudi Arabia’s IPO market is struggling to sustain the momentum of recent years, as weak post-listing performance, valuation gaps, and geopolitical uncertainty are prompting regulators to rethink how IPOs come to market
Fortune AI6 min readAccelevation IPO Prices Below Range to Raise $540 Million
Accelevation Holdings Corp., a data center infrastructure company, and backer Olympus Partners raised $540 million in a US initial public offering priced below its marketed range, after a handful of first-time share sales were postponed.
Bloomberg Technology1 min readOpenAI Targets $30 Billion in New Funding at $1.4 Trillion Value
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter, after the artificial intelligence startup pushed back its plans for an initial public offering.
Bloomberg Technology1 min readBrookfield-Backed AI Data Center Developer 5C Eyes IPO
The head of Hypertec Group Inc. says data center developer 5C Group may go public as it ramps up its project pipeline.
Bloomberg Technology1 min read
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