Articles by Michael Okonkwo
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.
Space ETF Navigates Blue Origin Setback and SpaceX IPO Anticipation
Tema Space Innovators ETF slipped 3.97% Friday after Blue Origin's rocket explosion, but the fund still posted a 3.6% weekly gain. SpaceX's $4.16B defense contract and IPO plans keep space stocks in focus.
Honeywell Rallies on Quantinuum IPO Buzz and Aerospace Spin-Off Plans
Honeywell shares climbed 4.4% last week as Quantinuum eyes a larger IPO and aerospace prepares for its investor day.
SpaceX IPO Valuation Dips to $1.8 Trillion, Roadshow Set for June
SpaceX's IPO valuation is now pegged at $1.8 trillion, below earlier estimates, with a roadshow starting June 4 and a potential Nasdaq listing on June 12 under SPCX.