Articles by Michael Okonkwo
Anthropic's $900B Valuation Pressures OpenAI's IPO Ambitions
Anthropic's $900 billion valuation tops OpenAI's $852 billion, challenging its IPO push. SoftBank gains $45 billion from OpenAI stake.
AI IPO Momentum Puts Spotlight on Databricks' $134B Valuation
Databricks, valued at $134 billion privately, draws focus as AI IPOs heat up. The company raised $7 billion and reported a $5.4B annualized revenue run-rate.
Stripe Private Valuation Hits $175.6B, IPO Still on Hold
Forge values Stripe at $175.62 billion, up from $159 billion in February. The fintech remains private with no IPO timeline, as public market peers lag.
SpaceX Eyes June Nasdaq Debut with $1.75 Trillion Valuation, BlackRock in Talks
SpaceX is moving toward a potential June IPO on Nasdaq, targeting a $1.75 trillion valuation. Shareholders approved a 5-for-1 stock split, and BlackRock is in talks for a major investment.
American Rare Earths Gains 12% on Nasdaq Listing Progress
American Rare Earths (AARD) rose 12.33% to A$0.410 after appointing BDO as auditor and Rimon as U.S. legal adviser for its planned Nasdaq secondary listing. The company remains focused on its Halleck Creek project in Wyoming.
Fervo Energy IPO Swells to $2.17B; Stock Faces First Full Week of Trading
Fervo Energy completed a $2.17B IPO after underwriters exercised their option, selling 80.5M shares at $27 each. FRVO closed Friday at $41.06, up 52% from the IPO price, and now faces its first full trading week.
Blackstone Data Center REIT BXDC Closes First Week Above IPO Price
BXDC ended its first week at $20.10, above the $20 IPO price, after opening below it. The Blackstone-backed REIT raised $1.75 billion for data centers but has no assets yet.
SpaceX IPO Buzz Fuels Tema NASA ETF Weekly Rally
Tema NASA ETF rose 7.5% for the week despite a 3.9% Friday drop, as SpaceX IPO buzz and a potential Nasdaq listing drive investor interest.
SpaceX Accelerates Nasdaq IPO to Mid-June, Targeting $1.75 Trillion Valuation
SpaceX aims to list on Nasdaq by June 12 under ticker SPCX, seeking $75 billion at a $1.75 trillion valuation. The IPO includes supervoting shares and strict shareholder limits.
Cerebras Shares Dip as Investors Reassess Valuation After Stellar IPO
Cerebras Systems shares slipped about 4% to $298 in early Friday trading, retreating from Thursday's close after a 68% Nasdaq debut, as investors weighed valuation and customer concentration.
Auddia Shares Soar 59% on SEC Filing for Merger with Thramann Holdings
Auddia filed a Form S-4 for its merger with Thramann Holdings, aiming to create McCarthy Finney. AUUD shares jumped 59% premarket to $1.94.