Articles by Michael Okonkwo
Lime Targets $180.9M IPO, Uber Stake and Debt Guarantee in Focus
Lime aims to raise up to $180.9 million in its IPO, with Uber potentially purchasing $20 million in shares. Most proceeds will repay a $115 million debt guaranteed by Uber.
SpaceX's Thin Float Test: Lessons for Anthropic and OpenAI IPOs
SpaceX stock fell 21% from its peak, highlighting how a tiny tradable supply can cause massive swings, with implications for Anthropic and OpenAI's IPO plans.
SpaceX Stock Slips Amid Profit-Taking and AI Deal Doubts
SpaceX (SPCX) trades at $185, down 18% from its $225.64 high, as profit-taking and debate over the $60 billion Cursor/Anysphere deal weigh on shares.
SpaceX IPO Honeymoon Fades as Lockups, ETF Flows, and Retail Rules Stir Volatility
SpaceX shares closed at $185 in its first public week, down from a high of $225.64, as ETF flows, lock-up expirations, and retail restrictions add supply concerns.
Israeli Drone Maker UVision Targets $4B Nasdaq IPO Amid Defense Market Shifts
Israeli defense firm UVision Air, controlled by Aaron Frankel, targets a $3.5-4 billion valuation in its Nasdaq IPO set for July or August, aiming to raise $500 million to $1 billion.
Kardigan Surges 37.5% in Nasdaq Debut After $400M Upsized IPO
Kardigan closed at $22, up 37.5% from its $16 IPO price, after raising $400 million in an upsized Nasdaq debut, highlighting renewed investor appetite for large biotech IPOs.
SpaceX Shares Stabilize After Sharp Decline, Index Inclusion in Focus
SpaceX shares ended Thursday nearly flat at $185, recovering from a 10% intraday drop, as traders eye index inclusion and a possible $20 billion bond offering.
Tech Stock Windfall Creates Tax and Diversification Challenges
SpaceX shares fell over 6% Thursday but are still 30% above $135 IPO price, as tech employees face tax and diversification challenges with concentrated stock wealth.
SpaceX Shares Dip 4.85% in First Full-Session Decline Since IPO
SpaceX shares fell 4.85% to $191.82 in premarket trading, their first full-session decline since the IPO, as investors assess valuation, index flows, and a short trading week.
SpaceX Drops 5% in First Full-Session Loss Since IPO
SpaceX dropped 5% to $192, its first full-session loss since the IPO. The decline came amid a broader market selloff after the Fed signaled a possible rate hike.
