Broadcom’s $42 Billion Financing Deal Deepens Anthropic AI Partnership
Anthropic’s IPO prospectus has revealed an unusually broad relationship with chipmaker Broadcom, spanning compute supply, equipment leasing and financing. Broadcom has agreed to lend Anthropic up to $42 billion to help finance its infrastructure...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...
ADARx Pharmaceuticals Raises $446.3 Million in Upsized US IPO
ADARx Pharmaceuticals raised $446.3 million in an upsized US initial public offering, pricing 26.3 million shares at $17 each, the top end of its marketed range. The San Diego-based biotech had initially planned to...
Accelevation Targets $5.37 Billion Valuation in US IPO
Accelevation, a data centre infrastructure company backed by private equity firm Olympus Partners, is targeting a valuation of up to $5.37 billion in its US initial public offering (IPO), joining a growing wave of...
Oura Targets $15.62 Billion Valuation in US IPO
Smart ring maker Oura is targeting a fully diluted valuation of $15.62 billion in its US initial public offering (IPO), signalling renewed momentum in the autumn listing market. The company and existing investors plan...
Electra Therapeutics Targets Up to $978 Million Valuation in U.S. IPO
Drug developer Electra Therapeutics is targeting a valuation of up to $977.6 million in its U.S. initial public offering, according to a filing on Monday, adding to a broader recovery in biotech listings this...
Bamboo Insurance Targets Up to $3.24 Billion Valuation in U.S. IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion in its U.S. initial public offering, according to a filing on Monday. The Midvale, Utah-based residential property insurer plans to offer...
DeepSeek Taps CITIC Securities for Potential Shanghai IPO
Chinese artificial intelligence startup DeepSeek has tapped CITIC Securities to prepare for a potential initial public offering on Shanghai’s tech-focused STAR Market, according to two people familiar with the matter. The Hangzhou-based company aims...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
Shein Valuation Slumps 70% as Hong Kong IPO Tests Investor Confidence
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...