All articles tagged with #ipo
Xu Yangtian, Shein’s long-secret founder, made his first major public appearance at a Guangdong government event to stress the company’s Chinese roots, praise local party and government support, and announce a RMB 10 billion investment in Guangdong supply chains over three years, even as Shein pushes for an offshore IPO amid global regulatory scrutiny.
Finland’s IQM unveiled plans to become one of Europe’s first publicly listed quantum companies by merging with Real Asset Acquisition Corp in a US SPAC deal that values IQM at about $1.8 billion, with a potential June close and a dual Helsinki listing on the table. The transaction could bring more than $300 million in funding as IQM scales its open-architecture quantum systems, after selling 21 quantum units to 13 customers and reporting at least $35 million in unaudited revenue for 2025.
Elon Musk has stepped up day-to-day leadership at xAI after a SpaceX-backed acquisition, reshaped teams, and pushed Grok toward an IPO that could value the company at about $1.5 trillion, even as cofounders depart and a high-pressure 'war room' culture drives rapid pace and safety concerns over Ani and Grok's outputs.
Elon Musk is merging SpaceX with X AI to create a vast, IPO-bound tech group spanning rockets, AI compute and a plan for space-based data centers via a constellation of satellites; analysts see potential synergies and a major valuation lift driven by SpaceX, but the space-based compute concept remains speculative and would require years, regulatory approvals and a broader Musk consolidation narrative (including Tesla).
Jennifer Garner-backed Once Upon a Farm began trading on the NYSE as OFRM after pricing its IPO at $18, raising about $198 million and valuing the company at $724 million; the stock opened around $21 and rose intraday, as the company plans to deploy proceeds to pay down debt and fund expansion amid a shift toward organic, less-processed foods.
Once Upon a Farm, the Berkeley-based, Jennifer Garner–co-founded children’s organic-food company, raised about $198 million in its US IPO by selling around 11 million shares at $18 each, valuing the business at roughly $724 million. Goldman Sachs and JPMorgan led the deal, and the stock will trade on the NYSE as OFRM. The offering comes amid rising IPO activity and a shift toward nutrition and transparency, with the company warning that sourcing ingredients from Mexico and South America could pose costs if trade barriers tighten.
Elon Musk arranged a two-step triangular merger that keeps xAI as a SpaceX subsidiary, insulating the parent from xAI’s debts and liabilities while letting xAI shareholders defer taxes through a tax-free reorganization; the deal values xAI at about $250 billion and SpaceX at $1 trillion, avoids triggering debt covenants, and is not expected to derail SpaceX’s planned IPO later this year, though it adds complexity and could affect valuation; it also aims to shield SpaceX from xAI’s potential legal issues surrounding Grok.
XAI told staff after SpaceX acquired the company that branding will remain separate for now and that the joint venture still plans a possible 2026 IPO, though timing and valuation are uncertain. Employees will be updated on equity impacts, all-hands and trainings are planned, and access to internal SpaceX databases will be restricted to protect defense/space-regulated tech, while SpaceX workers may access some XAI tools.
SpaceX announced it will acquire AI firm xAI, merging to form a vertically integrated engine spanning AI, rockets, space-based internet, and X, with an IPO planned later this year and valuations reportedly above $1 trillion. The deal follows Musk's pattern of cross-ownership moves and underscores a push to power AI with space-based datacenters, despite controversies surrounding Grok and recent fundraising for xAI.
Elon Musk merges SpaceX with his AI startup xAI into a single entity aiming for a $1.25 trillion IPO, with SpaceX as the managing member of X.AI Holdings; Tesla plans about $2 billion in xAI funding, as Musk promotes space-based AI compute amid regulatory probes into Grok AI.
Elon Musk is reportedly pursuing a merger between SpaceX and his AI startup xAI, including an exchange of xAI shares for SpaceX stock to fold xAI into SpaceX. The discussions could yield an agreement this week and come as SpaceX plans a June 2026 IPO, potentially boosting the combined entity’s value toward about $1 trillion and tightening ties across Musk’s portfolio (including Tesla) for space-based AI computing using Starlink and Starship.
Fortune reports that top economist Owen Lamont says the AI or AI-adjacent stock run isn’t a bubble yet, because the four ‘horsemen’ of a bubble — overvaluation, bubble beliefs, inflows, and issuance — haven’t all aligned. Valuations and frothy sentiment exist, but there’s a surprising lack of IPOs, which Lamont views as the key trigger. A potential mega-cycle could arrive in 2026 if high-profile private firms like SpaceX go public and OpenAI plans an IPO, signaling the era of abundant offerings and possible bubble risk if insiders start selling. The piece contrasts current spending on AI with past bubbles and notes that the market remains expensive but not at dot-com extremes.
CoreWeave, an AI-infrastructure provider that surged after its March IPO, faced a late-2025 drop due to debt and AI-spending concerns but has roared higher in 2026 as demand for GPU-backed AI workloads grows; Nvidia invested $2 billion for about 7% of the company and to buy leftover capacity through 2032, backing CoreWeave’s plan to build 5 gigawatts of AI capacity by 2030, with the stock continuing to hinge on ongoing AI spending and leverage risks.
CSG surged about 29%–32% on its Euronext Amsterdam debut after raising €3.8 billion in a record defense IPO, valuing the company at roughly €32.5 billion; the listing underscores strong investor appetite for defense stocks amid Europe’s push for military sovereignty and ongoing geopolitical tensions.
BitGo kicked off 2026 as the year's first big IPO on the NYSE, raising $212.8 million and opening as high as $24.50 before finishing the day near its $18.49 close, valuing the crypto unicorn at about $2.1 billion; the debut signals a robust IPO pipeline with other unicorns such as Anthropic, OpenAI and SpaceX reportedly lining up to follow, even as Bitcoin remains under pressure and broader regulatory and geopolitical headwinds linger.