SK Hynix’s ADRs rose 13% on their first trading day July 10, raising $26.5 billion in the largest-ever foreign listing on Wall Street and cementing the AI memory boom as an investor priority.
Tag: IPO
Posted inMarkets
Bending Spoons raises $1.68 billion and surges 40% in Nasdaq debut
The Italian company behind AOL, Vimeo and Evernote priced at $29 and closed its first trading day at $40.50, giving it a market cap of roughly $25 billion on July 1.
Posted inMarkets
OpenAI weighs 2027 IPO delay as Altman holds firm on $1 trillion floor
OpenAI is considering a 2027 IPO delay after Sam Altman rejected any valuation below $1 trillion, sending SoftBank’s market cap down $38 billion on the news.
Posted inMarkets
SK Hynix targets $29 billion Nasdaq listing to fund AI memory expansion
South Korea’s SK Hynix filed to list ADRs on Nasdaq on 10 July, seeking to raise roughly $29 billion in what would rank among the largest US share offerings on record.
Posted inMarkets
Coinbase lists Anthropic and OpenAI pre-IPO perpetuals as $1.8 trillion AI IPO wave looms
Coinbase launched Anthropic and OpenAI pre-IPO perpetuals on June 22, giving non-US traders a public route to bet on AI labs valued at a combined $1.817 trillion.
Posted inMarkets
Crypto platforms promised SpaceX IPO access. No shares were delivered.
Binance, Bybit, Bitget, and MEXC refunded hundreds of millions in customer funds after their SpaceX tokenized stock campaigns collapsed on IPO day, exposing the limits of blockchain equity access.
Posted inMarkets
SpaceX buys AI coding startup Cursor for $60bn five days after its IPO
SpaceX announced a $60 billion all-stock acquisition of Cursor, an AI coding tool with $2.6bn in annualised revenue, just five days after its record-breaking Nasdaq debut.
Posted inMarkets
SpaceX begins trading on Nasdaq at $135, completing the world’s largest ever IPO
SpaceX’s SPCX shares opened on the Nasdaq on June 12 at $135 per share, completing a $75 billion raise — the largest IPO in history — and valuing the merged SpaceX-xAI entity at $1.77 trillion.
Posted inTech
OpenAI files confidential S-1 with the SEC as the AI IPO race intensifies
OpenAI submitted a draft S-1 registration statement to US regulators on June 8 at an $852 billion valuation, joining a historic cluster of AI companies moving toward public markets.
Posted inMarkets
SpaceX is set to price tonight at $135 in the largest IPO on record
SpaceX has fixed its IPO at $135 per share for a $75 billion raise at a $1.75 trillion valuation—the largest listing in stock market history—before debuting on Nasdaq under SPCX on June 12.