IPO

Unitree Robotics surges 460% in Shanghai debut

China's best-known humanoid robot maker, Unitree Robotics, exploded onto public markets Wednesday with shares surging as much as 629% on the Shanghai STAR Market, marking the largest first-day gain for a new listing in China this year and the first…

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SpaceX-led IPO boom triples global proceeds as ECB warns of tech correction

Global initial public offering proceeds tripled in the first half of 2026 compared with a year earlier, fueled by SpaceX's record-shattering Nasdaq debut in June — the largest IPO in history. The boom has deepened the concentration of capital in…

Unitree Robotics lists in Shanghai amid record demand, U.S. curbs

China's Unitree Robotics is set to begin trading on Shanghai's STAR Market on August 19, becoming the first general-purpose humanoid robot maker to go public on the Chinese mainland — a milestone that arrives under the shadow of escalating US…

Anthropic’s revenue run rate tops $65B, surpassing OpenAI

Anthropic's annualized revenue run rate has topped $65 billion as of late July, marking a more than sevenfold increase from the AI company's pace at the end of last year and placing it well ahead of rival OpenAI's $40 billion…

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OpenAI disbanded its catastrophic-risk team ahead of IPO, report says

OpenAI has disbanded its Preparedness team, the unit responsible for assessing whether the company's AI models could pose catastrophic risks, according to the Financial Times. The team was dissolved at the end of July 2026, marking the latest in a…

Shein targets $25B Hong Kong IPO, down from $98B peak

Shein, the online fast-fashion retailer once valued at nearly $100 billion, is targeting a valuation of around $25 billion for its Hong Kong initial public offering expected to launch later this week, according to three people with knowledge of the…

Anthropic’s IPO valuation rests on $200B revenue forecast for 2028

As Anthropic prepares for what could be one of the largest initial public offerings on record, Wall Street bankers are looking unusually far into the future to justify the AI company's valuation, relying on a 2028 revenue projection of $190…

Anthropic revenue jumps 14-fold to $11.5B ahead of IPO

Anthropic's second-quarter revenue soared more than 14-fold to over $11.5 billion, up from $787 million in the same period a year ago, according to internal documents seen by Bloomberg News. The Claude chatbot maker also achieved positive adjusted operating income…

OpenAI says enterprise now tops consumer revenue

OpenAI's annualized revenue run rate has surpassed $40 billion, roughly doubling from the end of 2025, as the company's enterprise business has overtaken its consumer segment months ahead of schedule. CFO Sarah Friar disclosed the crossover during a shareholder meeting…

Alphabet’s $900M SpaceX bet has grown 100-fold to $94B

Alphabet has emerged as the largest single institutional holder of SpaceX following the rocket company's June IPO, with a decade-old investment of roughly $900 million now worth about $94.2 billion, according to quarterly filings analyzed by Reuters.

Shein’s Hong Kong IPO faces investor skepticism over slowing growth

Shein is preparing to launch its Hong Kong initial public offering as soon as August 19, but a sharply reduced valuation and questions about the fast-fashion retailer's growth trajectory are testing investor confidence in what was once one of the…

Unitree’s $904M robot IPO draws 8,000x oversubscription

Chinese humanoid robot maker Unitree Robotics has priced its Shanghai Stock Exchange initial public offering at 150.80 yuan per share, seeking to raise 6.1 billion yuan (approximately $904 million) in a deal that makes it the first mainland-listed humanoid robot…

Shein plans to launch Hong Kong IPO as soon as next week

Online fast-fashion retailer Shein is planning to launch its Hong Kong initial public offering as soon as August 19, according to people familiar with the matter, setting the stage for one of the year's largest listings despite a sharp decline…

Shein IPO filings reveal U.S. sales plunge, warn of European repeat

Shein disclosed in filings ahead of its Hong Kong initial public offering that U.S. tariffs have forced price increases that dragged down American sales, and warned that a similar dynamic could soon spread to Europe, its largest market.

Moore Threads eyes Hong Kong listing after 147% revenue surge

Chinese AI chip developer Moore Threads announced on Sunday that its board has approved a plan to issue H-shares and list on the main board of the Hong Kong Stock Exchange, as the company seeks to expand its international presence…

DeepSeek resumes $8B funding round at $74B valuation

Chinese artificial intelligence startup DeepSeek has revived its second external funding round, seeking close to $8 billion at a valuation of approximately 500 billion yuan ($74 billion), with Hong Kong-based Monolith Management in talks to participate, Bloomberg News reported on…

Unitree prices $904M Shanghai IPO as China’s first listed humanoid robot maker

Chinese humanoid robot maker Yushu Technology, known as Unitree, priced its Shanghai STAR Market initial public offering at 150.8 yuan ($22.34) per share on Thursday, seeking to raise 6.1 billion yuan ($903.86 million) in a deal that makes it China's…

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SpaceX posts $7.8B in Q2 revenue in first report since IPO

SpaceX reported second-quarter revenue of $7.8 billion on Tuesday evening, a 92% year-over-year increase that exceeded Wall Street's consensus estimate by nearly $1 billion in the company's first earnings release as a publicly traded company.

Shein weighs compensating investors ahead of Hong Kong IPO

Shein is considering compensating late-stage investors who backed the fast-fashion retailer at valuations of up to $64 billion, as the company prepares for a Hong Kong listing at a far lower price, Bloomberg News reported on Monday.

Shein clears Hong Kong listing hearing ahead of IPO

Shein Global Holdings has passed its listing hearing with the Hong Kong Stock Exchange, clearing one of the final hurdles before what is expected to be one of the exchange's largest initial public offerings this year. The online fast-fashion retailer…

China’s CXMT briefly tops $590B, becoming most valuable A-share stock

ChangXin Memory Technologies, China's largest DRAM manufacturer, briefly surpassed a market capitalization of 4 trillion yuan (approximately $592 billion) on Friday, cementing its position as the most valuable company on China's A-share market just days after its blockbuster debut on…

Micron surges after steep losses from CXMT’s record IPO

ChangXin Memory Technologies, China's largest DRAM manufacturer, surged 466% on its Shanghai STAR Market debut on July 27, triggering a broad selloff across the global memory chip sector that has dragged down shares of Micron Technology, SanDisk, and Western Digital…

Unitree Robotics launches Shanghai IPO days after U.S. robot ban

Unitree Robotics, one of China's most prominent robotics companies, announced on Thursday that it will begin its initial public offering on the Shanghai Stock Exchange's STAR Market next week, moving forward with a landmark listing just days after the Trump…

Zhongji Innolight slips in Hong Kong debut after $6.8B IPO

Shares of Chinese optical transceiver maker Zhongji Innolight fell on Thursday after making their trading debut on the Hong Kong Stock Exchange, opening at HK$971 — below the offer price of HK$980 — in what was the city's largest listing…

Zhongji Innolight prices Hong Kong IPO at HK$980

Zhongji Innolight, the Chinese optical transceivers maker and major supplier to AI data centers, is set to price its Hong Kong initial public offering at HK$980 per share, below the maximum marketed price of HK$1,010, according to Bloomberg News and…

Moonshot AI releases Kimi K3 model weights for free download

China's Moonshot AI has released the full model weights of its Kimi K3, a 2.8-trillion-parameter system that now stands as the world's largest open-weight AI model available for free download, fine-tuning, and self-hosting. The weights went live on Hugging Face…

Morgan Stanley says SpaceX at $100 would imply zero AI value

Morgan Stanley analyst Adam Jonas warned on Thursday that many investors expect SpaceX shares to fall to $100 as lockup restrictions from the company's June IPO begin expiring next month, a level he argues would imply zero or even negative…

CXMT signs $7B ByteDance deal ahead of Shanghai IPO

ChangXin Memory Technologies, China's largest DRAM manufacturer, has signed a five-year supply agreement with ByteDance worth more than $7 billion, according to a Reuters investigation published Thursday. The deal cements CXMT's transformation from a low-cost alternative into a supplier capable…

China’s CXMT set to debut Monday after record $8.6B IPO

ChangXin Memory Technologies, China's largest memory chipmaker, is set to debut on the Shanghai Stock Exchange on Monday after raising 57.9 billion yuan ($8.6 billion) in Asia's biggest initial public offering this year. The listing on Shanghai's STAR Market marks…

DeepSeek founder says AGI, not a super app, is the company’s only goal

Details from a nearly four-hour closed-door investor meeting with DeepSeek founder Liang Wenfeng have circulated widely after Tencent Tech published a lightly edited transcript this week. In it, Liang laid out a strategy centered entirely on achieving artificial general intelligence,…