initial public offering

OpenAI’s Q2 revenue grew 18% as Anthropic’s surged 14-fold

OpenAI told its investors that second-quarter revenue rose 18% from the prior quarter to $6.7 billion, even as losses continued to widen — a disclosure that left some shareholders disappointed given the explosive growth posted by rival Anthropic, The Wall…

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Anthropic’s pre-IPO credit facility set to top $10B

Anthropic's revolving credit facility is poised to surpass its roughly $10 billion target as the artificial intelligence company prepares for what could be one of the largest initial public offerings in history, Bloomberg reported on Tuesday.

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Anthropic’s Q2 revenue tops $11.5B, 14-fold jump from a year ago

Anthropic told prospective investors that its second-quarter revenue jumped more than 14-fold versus the same period a year ago, reaching a preliminary figure exceeding $11.5 billion, according to documents seen by Bloomberg. The Claude maker also reported positive adjusted operating…

OpenAI’s revenue run rate tops $40B ahead of IPO

OpenAI's annualized revenue run rate has surpassed $40 billion, roughly doubling from the end of 2025, according to Bloomberg. The milestone strengthens the company's case for a highly anticipated initial public offering as it battles rival Anthropic for dominance in…

Norway, Canada funds disclose SpaceX stakes after IPO

Two of the world's largest government-backed investment funds disclosed holdings in SpaceX this week, underscoring the breadth of institutional demand for Elon Musk's space and AI conglomerate following its public listing earlier this year.

Anthropic investors target $2 trillion-plus valuation in record IPO

Anthropic, the maker of the Claude AI assistant, is preparing to go public as early as October in what investors expect will be the largest initial public offering in history, surpassing SpaceX's record-setting $2 trillion debut earlier this year.

OpenAI buys back $7B in employee shares at $852B valuation

OpenAI has completed a $7 billion tender offer to repurchase shares from current and former employees, providing a liquidity event ahead of the company's anticipated initial public offering, Bloomberg reported on Monday.

JSE pursues Dangote Refinery listing after planned $5B Nigeria IPO

The Johannesburg Stock Exchange JSE Limited is actively pursuing a secondary listing of Dangote Petroleum Refinery following the company's planned initial public offering on the Nigerian Exchange, in what could become the largest public offering ever undertaken in Africa.

Anthropic overtakes OpenAI in enterprise AI, WSJ reports

Anthropic has seized the lead in the enterprise artificial intelligence market from OpenAI, powered by the rapid adoption of its Claude Code developer tool and a $965 billion valuation that surpassed its rival's, according to reporting by The Wall Street…

Shein seeks up to $40B valuation in Hong Kong IPO

Shein is seeking a valuation of $30 billion to $40 billion in a Hong Kong initial public offering it plans to launch as early as mid-August, Reuters reported on Tuesday, citing three people familiar with the matter. The target represents…

MSCI adds CXMT to China index after record Shanghai debut

MSCI announced on Tuesday that it will add CXMT Corporation to the MSCI China All Shares Index effective August 10, days after the Chinese memory chipmaker's record-breaking Shanghai listing sent its market value soaring past every other publicly traded company…

Shein discloses FTC probe in Hong Kong IPO filing

Fast-fashion giant Shein revealed on Tuesday that its U.S. business operations are under investigation by the Federal Trade Commission, a disclosure buried in documents filed with the Hong Kong Stock Exchange in connection with the company's planned initial public offering.

CXMT founder pledges $5.6B to employees after stock surges on debut

ChangXin Memory Technologies made its long-awaited debut on the Shanghai Stock Exchange on Monday, surging 466% on its first day of trading and minting billions for founder and chairman Zhu Yiming — much of which he has promised to give…

Shein’s Hong Kong IPO filing reveals $99M quarterly loss

Shein swung to a $99 million net loss in the first quarter of 2026, a sharp reversal from the $395 million profit it reported a year earlier, according to a draft prospectus published Sunday for its planned Hong Kong initial…

Zhongji Innolight opens books for Hong Kong’s biggest IPO in seven years

Zhongji Innolight, the Chinese optical transceiver maker that has become one of the most critical suppliers to the global AI data center buildout, opened its books to investors on Tuesday for a Hong Kong listing that could raise as much…

Moonshot AI targets $50B valuation ahead of Hong Kong IPO

Chinese artificial intelligence startup Moonshot AI is preparing to open discussions in August for a final fundraising round before a Hong Kong initial public offering, targeting a valuation of as much as $50 billion, according to Bloomberg News reporting cited…

Innolight begins investor meetings for $8B Hong Kong IPO

Zhongji Innolight, the Chinese optical transceiver maker that supplies more than half of Nvidia's optical modules, has begun meeting with investors for what could be Hong Kong's largest initial public offering in seven years. The Shenzhen-listed company may start taking…

Moonshot AI targets Hong Kong IPO at $30B+ after Kimi K3 rattles tech stocks

Moonshot AI, the Beijing-based startup behind the Kimi chatbot, has told investors it is preparing to list on the Hong Kong Stock Exchange within six months, Bloomberg reported on Saturday, as the company moves to capitalize on the momentum from…

CXMT’s record Shanghai IPO 200 times oversubscribed

ChangXin Memory Technologies' blockbuster initial public offering on Shanghai's STAR Market was more than 200 times oversubscribed by retail investors on Thursday, according to an exchange filing, cementing its status as Asia's largest share sale of 2026.

Nvidia’s Huang calls SK Hynix Nasdaq listing ‘incredibly successful’

Nvidia CEO Jensen Huang praised SK Hynix's American depositary receipts listing on the Nasdaq as "incredibly successful" during an event in Tokyo on July 15, adding that he was "very pleased" with the outcome, according to Korean media reports.

Anthropic plans IPO investor meetings ahead of mega-listing

Anthropic is preparing to meet with investors as part of the groundwork for what could be one of the largest initial public offerings in history, Bloomberg reported on Wednesday. The Claude AI maker is considering a public listing as soon…

DeepSeek prepares mainland China IPO filing for late 2026

Chinese artificial intelligence startup DeepSeek has begun preparations for an initial public offering on a mainland Chinese stock exchange, with a filing targeted for as soon as late 2026 and a public debut planned for 2027, Bloomberg reported on Monday.…

SK Hynix shares dip in Seoul after record Nasdaq debut

Shares of SK Hynix fell as much as 4.4% in early trading in Seoul on Monday after the South Korean chipmaker's American depositary receipts surged 12.8% in their first day on the Nasdaq last Friday, according to Reuters.

SK Hynix surges in record-setting Nasdaq debut

SK Hynix began trading on the Nasdaq on Friday, opening at $170 per American depositary share — roughly 14% above its offering price of $149 — in the largest U.S. listing ever by a foreign company, according to The Wall…

SK Hynix begins trading on Nasdaq in $26.5B debut

SK Hynix begins trading on the Nasdaq on Friday in what is expected to be one of the largest ADR offerings in market history, and fund managers are already racing to offer leveraged bets on the stock before most investors…

Shein advances Hong Kong IPO preparations, eyes $1B+ raise

Shein Group Ltd. is pressing forward with preparatory work for a possible Hong Kong initial public offering, according to people familiar with the matter, in what would mark the culmination of a years-long effort by the fast-fashion giant to become…

SK Hynix prices record $26.5B U.S. listing at $149 per ADR

SK Hynix is set to make its debut on the Nasdaq on Friday after its landmark American depositary receipt offering drew demand more than seven times the available shares, according to Reuters. The South Korean memory chipmaker guided investors toward…

China’s CXMT to begin $4.3B Shanghai IPO bookbuilding

Changxin Memory Technologies, China's largest DRAM chipmaker, announced on Wednesday that it will begin book-building on July 15 for its Shanghai initial public offering, seeking to raise 29.5 billion yuan ($4.34 billion) in what is set to be one of…

SK Hynix’s $28B U.S. listing is multiple times oversubscribed

SK Hynix's roughly $28 billion U.S. listing is multiple times oversubscribed ahead of pricing on Thursday, according to Bloomberg News, reflecting strong appetite from global investors eager for exposure to the South Korean memory chipmaker at the center of the…

KNDS postpones landmark IPO after failing to meet valuation target

Franco-German defense group KNDS, the maker of Leopard 2 tanks and Caesar howitzers, has postponed its planned initial public offering after struggling to secure investor backing at its desired valuation, capping weeks of mounting uncertainty over what was set to…