Articles by Michael Okonkwo
Micware Stock Rebounds in Premarket After Nasdaq Debut Plunge
Micware shares rebounded sharply in premarket trading Wednesday, nearly doubling after a steep decline on its Nasdaq debut. Toyota disclosed an 11.6% stake in the company.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.
Jury Rejects Musk's OpenAI Lawsuit, Clears Path for IPO
A jury unanimously ruled against Elon Musk's lawsuit against OpenAI, stating the case was filed too late. The decision lifts a major legal risk as OpenAI eyes a potential IPO.
Destiny Tech100 Jumps on SpaceX IPO Hype, AI Holdings Under Scrutiny
Destiny Tech100 (DXYZ) rose over 10% in premarket trading Monday as SpaceX IPO speculation intensifies, despite the fund's premium to NAV and risks tied to its AI holdings.
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.

