Articles by Michael Okonkwo
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.
Sivers Semiconductors Restates Losses, Delays Q1 Report Amid Nasdaq Dual-Listing Plans
Sivers Semiconductors restated its 2024 and 2025 accounts with wider losses and delayed its Q1 report to May 29 as it prepares for a potential Nasdaq New York dual listing.
Cerebras Shares Rally Further After Record 68% IPO Debut
Cerebras Systems shares climbed 5.7% in early Friday trading after closing 68% above their IPO price in Thursday's Nasdaq debut, making it the largest U.S. IPO of 2026.
Blackstone's $1.75B Data Center Trust Debuts Flat, Testing AI Infrastructure Demand
Blackstone Digital Infrastructure Trust (BXDC) debuted flat on NYSE at $20, raising $1.75B for AI data centers. The blind pool trust has no assets yet, betting on Blackstone's dealmaking.
SoFi Acquires PrimaryBid Tech to Boost Retail IPO Access Amid Market Revival
SoFi Technologies acquires PrimaryBid's technology to deepen retail investor access to IPOs and capital raises, capitalizing on a resurgent US IPO market.
Fervo Energy Shares Surge 35% in Nasdaq Debut Before Easing
Fervo Energy shares rallied 35% in their Nasdaq debut before easing to $35.55 premarket. The company raised $1.89 billion in an upsized IPO.
Cerebras IPO Prices at $185, Raising $5.55 Billion in Year’s Largest Debut
Cerebras Systems priced its IPO at $185 per share, raising $5.55 billion and valuing the AI chipmaker at $56.43 billion. Shares begin trading May 14 on Nasdaq under CBRS.