Articles by Michael Okonkwo
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.
Geothermal Developer Fervo Energy Soars 35% on Nasdaq Debut Amid AI-Driven Power Demand
Fervo Energy closed 35% above its IPO price in Nasdaq debut, valuing the geothermal firm at $10.36B, as AI power needs drive investor enthusiasm.
SoFi Acquires PrimaryBid's IPO Platform, Stock Dips on Analyst Outlook
SoFi acquires PrimaryBid's IPO allocation tech to boost retail access. Stock drops 2.9% to $15.44 after Truist cuts target, citing platform concerns.
Cerebras IPO Skyrockets with Overwhelming Demand, Targeting $50B Valuation
Cerebras Systems is set to price its IPO above the $150-$160 range due to massive demand, with orders 20 times available shares, targeting a $50 billion valuation.
SoFi Technologies to Acquire PrimaryBid, Expanding Retail IPO Access
SoFi Technologies is set to acquire most of PrimaryBid, aiming to expand retail investor access to IPOs. The deal sent SOFI stock up 1.7%.
Applied Digital's Cloud Spin-Off ChronoScale Begins Trading; APLD Retains 97% Stake
Applied Digital's cloud unit ChronoScale (CHRN) started trading on Nasdaq, with APLD retaining 97% ownership. The spin-off aims to separate risk profiles, while APLD secured a $300M bridge loan for its North Dakota data center.
