All articles tagged with #share sale
OpenAI has completed a secondary share sale valuing the company at $500 billion, making it the world's most valuable startup and surpassing SpaceX, with major investors including SoftBank and others, amid high investor demand for AI technologies.
OpenAI has sold $6.6 billion in shares, boosting its valuation to $500 billion, making it the world's most valuable private company, amid ongoing fundraising and infrastructure investments, and potential corporate restructuring.
OpenAI has completed a share sale at a $500 billion valuation, making it the world's largest startup, with current and former employees selling $6.6 billion of stock. The company is in negotiations with Microsoft to convert into a for-profit entity, amid intense competition in the AI sector from firms like Google and Anthropic.
Opendoor's former CEO capitalized on the company's stock increase by selling $35 million worth of shares, highlighting significant insider activity amid a surge in the company's stock price.
OpenAI employees are planning to sell shares worth $6 billion at a company valuation of $500 billion, indicating significant employee investment and confidence in the company's growth.
The Trump administration is planning to sell 5-15% of shares in Fannie Mae and Freddie Mac, potentially raising up to $30 billion, as part of a broader effort to privatize or restructure these government-backed mortgage giants, which could significantly impact the mortgage market.
OpenAI is in talks for a share sale that could value the company at $500 billion, making it the world's most valuable private tech firm, driven by rapid growth in ChatGPT's revenue and intense investor interest in AI technology.
OpenAI is in early discussions to sell employee shares at a $500 billion valuation, significantly increasing its market value and attracting investor interest, amid ongoing negotiations about its future structure and strategic partnerships.
Elon Musk's AI company xAI is aiming for a $113 billion valuation, potentially becoming the fourth 'hectocorn' (a startup valued over $100 billion), through a small share sale that could significantly boost its value from $33 billion.
Elon Musk's AI startup xAI is launching a $300 million share sale valuing the company at $113 billion, following its acquisition of Twitter (X) and its efforts to compete with other AI firms like OpenAI, with plans for further investment rounds and strategic partnerships.
Advance Magazine Publishers plans to sell up to $1.2 billion worth of its Reddit shares, causing concern among retail investors about potential price drops. The sale involves 7.8 million shares priced between $145.38 and $148.54, below the current trading price of $158.02. Advance aims to use the shares as collateral for a credit facility while retaining control through derivatives. The impact on Reddit's stock price depends on Advance's ability to meet its loan obligations.
Saudi Aramco's $12 billion share sale sold out within hours, driven by high demand for its $124 billion annual dividend payouts. The sale, which includes a mix of local and foreign investors, aims to fund Saudi Arabia's economic diversification plans. The government, which owns 82% of Aramco, could raise an additional $1.2 billion if it opts to sell more shares. The deal is among the largest globally since Aramco's 2019 IPO.
Super Micro Computer Inc. has delayed the pricing of a 2 million share sale until after the market closes in New York, with Goldman Sachs as the sole underwriter. The company's recent stock market success, driven by enthusiasm in artificial intelligence, has led to a gain of nearly 1,000% over the past 12 months and a $56 billion market cap. The delay comes after Super Micro shares plunged following the share sale announcement, and the pricing of the deal may potentially change based on investor demand.
Shares of AB InBev fell over 4% after trading suspension due to news of U.S. tobacco giant Altria selling a portion of its 10% stake in the company, with plans to sell 35 million of its 197 million shares at a price of 54.7 euros per share, about 6.5% less than the previous day's closing price. AB InBev intends to buy back $200 million worth of shares, and the sale will reduce Altria's holding in the company to around 8%.
British American Tobacco plans to sell up to $2.1 billion of shares in Indian partner ITC Ltd. to return cash to shareholders and invest in its business. The company will use the cash raised to buy back £700 million of its own shares and continue to use operating cash flow to lower debt and fund business investments. BAT's move comes after pressure to return more cash to shareholders and a significant write down on the value of its US cigarette brands.