Articles by Michael Okonkwo
Anthropic IPO Range Widens FTX Stake Gap to $3.6B
Anthropic's IPO range of $70-$78 values FTX's former stake at $31.2B-$34.7B, a $3.6B spread. Oversubscription 6x highlights investor demand.
Anthropic IPO: New Shares to Dominate $70-$78 Range Offering
Anthropic's IPO launches with new shares comprising 97% of the base deal. At $74 midpoint, the company aims to raise $59.3B, with combined net proceeds of $84.6B including a private placement.
Anthropic's IPO Filing Reveals Shift to Separate AI Chip and Data Center Leasing
Anthropic's IPO filing reveals a new procurement strategy separating AI chip leases from data center deals, aiming to align compute costs with revenue growth. The company plans to list on Nasdaq under 'ANT'.
SK hynix Halts Solidigm IPO, US NAND Fab Funding Unclear
SK hynix has scrapped a planned Solidigm IPO, leaving a funding gap for its U.S. NAND expansion. The group still sees the added capacity as necessary but has not disclosed fab details.
Oura's $2.1B IPO: A Liquidity Event, Not a Growth Fundraiser
Oura's $2.1B IPO is a liquidity event for early investors, with only $6.2M for company use. Revenue grows 74%, but dilution and valuation risks loom.
Once Upon a Farm Stock Dips 8% Below IPO; Garner Stake Valued at $50.6M
OFRM closed 8% below IPO price. Jennifer Garner's stake valued at $50.6M. Q2 sales surged 42% but gross margin fell 4.8 points.
Firmus IPO: Founders' Staged Exit Raises Questions Amid Missing Prospectus
Firmus founders can sell a portion of their stakes one year after the IPO, but the absence of a prospectus leaves investors guessing about valuation and financials.
Firmus IPO Roadshow Targets A$50B Valuation, Prospectus Awaited
Firmus Technologies is sounding out investors for an IPO that could raise up to A$7 billion and value the AI-infrastructure firm above A$50 billion, but the prospectus with audited financials is still awaited.
Kioxia Confirms US ADS Listing Plans; $10B Figure Unverified
Kioxia confirms it's preparing a US ADS listing but hasn't endorsed Bloomberg's $10B figure or 2027 timeline. Shares fell 1.87% in Tokyo.
Anthropic Moves Forward with IPO, Reports Second Adjusted Profit Quarter
Anthropic is progressing with its IPO, reporting another quarter of adjusted operating profit. The company's Nasdaq listing is under review, with implications for Alphabet and Amazon.
Advasa's Direct Listing Raises No Cash, 94M Shares Registered for Resale
Advasa's 40% premarket bounce recovers little of its losses. The direct listing raised no cash, and 94 million shares are registered for resale, casting a shadow over the stock.
Anthropic IPO Buzz Targets $2T Valuation, Doubling May Figure
Anthropic's possible IPO may seek a $2 trillion valuation, more than double its May funding round. The company is expected to market the offering in mid-October, with a prospectus due in late September.