Articles by Michael Okonkwo
SpaceX IPO Set at $135, Retail Demand Surges Ahead of Nasdaq Debut
SpaceX plans to list on Nasdaq at $135 per share on June 12, with retail demand already double the shares available. The IPO values the company at $75 billion, but losses and valuation concerns loom.
Quantinuum Shares Dip Below IPO Price in Premarket Trading
Quantinuum shares dropped 2.52% in premarket trading, falling below their $60 IPO price after a $1.68 billion debut, as investors assess early-stage financials and quantum computing potential.
Fidelity Opens SpaceX IPO to Retail Investors with $2,000 Minimum
Fidelity slashes IPO access minimum to $2,000 for SpaceX, reserving up to 30% for retail investors. Allocations are set for June 12, but demand may outstrip supply and volatility is warned.
Forgent Power Surges 37% Above Follow-On Price as AI Data Center Demand Drives Record Orders
Forgent Power shares surged 37% above its $47 follow-on price, fueled by record bookings and backlog as AI data center demand keeps investor interest high.
Quantinuum Raises $1.68B in Nasdaq IPO, Quantum Sector in Focus
Quantinuum raised $1.68 billion in a Nasdaq IPO at $60 per share, above the marketed range, as the U.S. pledges $2 billion in quantum incentives. The company posted a $192.6 million net loss on $30.9 million revenue in 2025.
Rigetti Computing Slips Pre-Market as Quantum Sector Braces for Quantinuum IPO
Rigetti Computing shares fell 10.4% in pre-market trading ahead of Quantinuum's $1.68 billion Nasdaq IPO, signaling sector-wide pressure on quantum stocks.
Applied Aerospace Dips Below $20 IPO Price in Mixed NYSE Debut
Applied Aerospace & Defense shares slipped below their $20 IPO price in first-day NYSE trading, as strong revenue growth was offset by debt and customer concentration concerns.
Anthropic Takes Confidential Step Toward Public Listing Amid AI Boom
Anthropic has confidentially filed for an IPO, revealing its $965 billion valuation and $47 billion run-rate revenue. The move positions it ahead of rivals like OpenAI in the race to public markets.
SpaceX to Offer Early IPO Sale to Insiders Ahead of Record $75 Billion Listing
SpaceX is offering 5% of its IPO shares to select employees and insiders without standard lock-up restrictions, targeting a $75 billion raise at a $1.75 trillion valuation.
Anthropic Takes Lead in AI IPO Race with Confidential Filing
Anthropic has filed a confidential draft registration for an IPO, moving ahead of OpenAI. OpenAI is preparing its own filing with Goldman Sachs and Morgan Stanley.
Zoom Shares Surge on Anthropic IPO Filing, Highlighting $1.27B AI Bet
Zoom shares rose 11% as Anthropic's confidential IPO filing brought attention to Zoom's $1.27 billion investment in the AI firm. Zoom also introduced ZoomMate, a $20/month AI assistant.
Anthropic Files Confidential IPO Amid $965B Valuation and Heavy Losses
Anthropic has confidentially filed for an IPO after raising $65 billion at a $965 billion valuation, revealing $47 billion in annualized revenue but ongoing losses.