Articles by Michael Okonkwo
SpaceX Stock Climbs Ahead of Massive Share Unlock
SpaceX shares climbed 3.4% to $152.95 ahead of a 319 million-share unlock Wednesday, worth about $48.8 billion. Analysts are bullish, but supply and capital intensity loom.
Longsys Debuts Flat in Hong Kong Despite Oversubscribed IPO
Longsys Electronics' Hong Kong debut fell flat, trading below its IPO price despite 40x retail demand, underscoring that oversubscription doesn't guarantee gains.
Anthropic's IPO Roadshow Pushed to Mid-October as $2T Valuation Hangs in Balance
Anthropic's IPO roadshow has slipped to mid-October, intensifying scrutiny of its reported $2 trillion valuation. Investors await the S-1 filing for details on revenue recognition and compute costs.
Pranav Constructions IPO: Dilution Raises P/E to 19.6x
Pranav Constructions IPO opens Monday. Dilution from fresh shares raises the cap price P/E to 19.6x, setting a high hurdle for earnings growth.
SpaceX Faces 378M Share Lockup Expiry; Trading Risk Ahead
SpaceX (SPCX) faces a 378.1M share lockup expiry this week, equal to 7.7 days of trading. Q2 revenue surged 92%, but losses persist. Analysts see 103% upside.
NSE IPO Gets SEBI Nod: Purely an Offer for Sale, No Fresh Capital
NSE's IPO has cleared SEBI's review. The offer comprises 148.9 million existing shares, with no new capital raised. All proceeds go to selling shareholders.
Deepa Jewellers IPO Oversubscribed 42.6x, But Cash Flow Concerns Loom
Deepa Jewellers' IPO was oversubscribed 42.6 times, but the company's operating cash flow remained negative despite a 158% profit surge, raising concerns.
SpaceX Stock Surges 5.6% as Valuation Hits 63x Revenue
SpaceX shares rose 5.6% to $148.61, pushing market cap to $1.96 trillion. Connectivity leads profits, while AI and capex raise concerns.
Anthropic's $175B Cloud Push Intensifies IPO Speculation
Anthropic's cloud commitments reach $175B with a new $35B Lambda deal, intensifying IPO speculation as the company cuts token prices by 25%.
SHEIN Ends First Day Flat After Sharp Intraday Drop
SHEIN shares closed nearly flat in Hong Kong debut after a 10% intraday drop, with a small float complicating price discovery.
SHEIN's Hong Kong Debut Ends Flat After Volatile First Day
SHEIN's Hong Kong IPO closed nearly flat after a volatile first day, with shares dropping 10% intraday before recovering. The debut valued the company at $26.3 billion.
SpaceX Edges Higher Despite Capex Exceeding Revenue 2.35x
SpaceX closed Friday at $141.50, up 0.45%, with Q2 revenue up 92% to $7.81B. However, capital expenditures reached $18.37B, 2.35x revenue, driven by AI infrastructure.