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Oaktree-backed ITG targets $2.7 billion valuation in US IPO
Reuters55d agoneutral
Oaktree-backed ITG targets $2.7 billion valuation in US IPO

Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining ‌a string of issuers rushing to capitalize on AI-driven demand ‌and benefit from a busy summer IPO window. The post-SpaceX IPO market has remained busy as ​companies rush to seize the strong conditions for new listings before the traditional summer lull kicks in. Uber-backed ‌electric-bike startup Lime and ⁠silver miner Sinda also launched their U.S. initial public offering roadshows on Monday.

Bloomberg55d agoneutral
Biggest US Home Lender’s Merger Fight Spotlights Its 60% Stock Slide

(Bloomberg) -- Mat Ishbia’s frustration was boiling over. The billionaire chief executive was trying to salvage a deal he described in February as a “strategic inflection point” for his company, United Wholesale Mortgage. After months of back-and-forth — and a steep decline in his own wealth — he didn’t hold back. Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Enga

Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price
24/7 Wall St.55d agoneutral
Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

One of the most anticipated public offerings in recent memory is drawing skepticism. SpaceX (NASDAQ:SPCX) currently has a valuation of roughly $2.44 trillion, up nearly 40% from its $1.75 trillion IPO. Morningstar analysts have signaled the stock could be worth less than half that figure on a fundamentals basis. That gap was the centerpiece of a recent segment on ... Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

A SpaceX-Tesla Merger Could Manufacture A $5 Trillion Giant: Here's What Prediction Markets Say
Benzinga56d agoneutral
A SpaceX-Tesla Merger Could Manufacture A $5 Trillion Giant: Here's What Prediction Markets Say

Elon Musk’s next move could be a SpaceX-Tesla merger big enough to challenge Nvidia Corp. for the title of most valuable company on Earth. Just three sessions into its IPO, SpaceX has already surged nearly 50% to roughly $2.6 trillion, leaving Tesla Inc. and its $1.5 trillion behind. The wider that gap runs, the cheaper Tesla gets to absorb, and the more control Musk keeps over whatever emerges. The Math On A $5 Trillion Giant The case for a merger, laid out this week by Bloomberg columnist Liam

Anthropic Eyes South Korea Growth Ahead Of IPO With Seoul Office, New Partnerships
Benzinga57d agobullish
Anthropic Eyes South Korea Growth Ahead Of IPO With Seoul Office, New Partnerships

Anthropic said Wednesday it had opened a Seoul office and announced a series of partnerships across South Korea’s artificial intelligence ecosystem as the Claude developer expands its presence in Asia. As the company prepares for a public listing, Anthropic said South Korea has emerged as one of Claude’s most active markets globally, with usage concentrated in technical and creative work. Public And Private Sector Partnerships Anthropic said it signed a memorandum of understanding with South Kor

SpaceX IPO Could Ignite Fresh Market Momentum, Says Evercore
InvestorsHub57d agoneutral
SpaceX IPO Could Ignite Fresh Market Momentum, Says Evercore

The blockbuster stock market debut of SpaceX (NASDAQ:SPCX) last week may mark the beginning of a new phase in the current bull market, according to strategists at Evercore ISI, who see parallels with the transformative impact of Netscape’s IPO in 1995. SpaceX, trading under the ticker SPCX, raised $75 billion through its initial public offering on Friday at $135 per share, giving the company an implied valuation of $1.