All articles tagged with #initial public offering
Jersey Mike’s Subs priced its IPO at $23 and sold about 43.5 million shares to raise roughly $1 billion, valuing the sandwich chain at about $7.3 billion, but the stock traded around $22 on its first day, dipping below the IPO price as investor demand waned. The deal priced at about 10 times last year’s revenue, a premium to peers such as Wingstop, highlighting mixed appetite for IPOs in the hospitality sector.
CNBC's Morning Squawk previews Tuesday's session with five themes: AI headlines (Altman, Stargate, Berkshire-Alphabet stake, HPE's earnings beat, Marvell's jump on Nvidia), political tensions and Nvidia-led market highs, Anthropic and SpaceX lining up IPOs, the DOJ's Anti-Weaponization Fund under debate, and McDonald's NEXT growth plan alongside surging Kalshi trading volumes.
Elon Musk’s estimated net worth jumped to a record $722 billion after SpaceX’s IPO prospectus revealed only a tiny pledge of his SpaceX shares as collateral, prompting Bloomberg to remove a $45 billion liability and boosting his wealth by that amount for the year amid soaring Tesla and SpaceX valuations—with Musk owning about 11% of Tesla and roughly 50% of SpaceX, which is valued north of $1.5 trillion and could further expand his stake via recent pay packages.
Inspire Brands, the parent company of Dunkin and fast-food chains such as Arby’s, Buffalo Wild Wings, Sonic Drive-In and Jimmy John’s, has filed for an initial public offering to go public, signaling a potential stock market debut for the Dunkin-owner, though timing, pricing and other details were not disclosed.
Google’s roughly 6.1% stake in SpaceX could be worth about $122 billion if SpaceX hits a $2 trillion valuation in its upcoming IPO, a level that would outsize many public companies; SpaceX’s private value has surged to about $1.25 trillion after its xAI merger, with reports that the IPO could raise around $75 billion at a $1.75 trillion valuation (some outlets rate it at $2 trillion). Alphabet/Google’s stake has shrunk since the 2015 investment with Fidelity, Musk still owns about 40% of SpaceX, and Google also maintains ties to Anthropic, another mega-IPO candidate.
BitGo Holdings opened its NYSE debut about 25% higher after pricing 11.8 million shares at $18, valuing the company around $2.08 billion; the IPO raised roughly $198.5 million with Goldman Sachs and Citigroup leading the deal. BitGo, which provides wallets, validation, trading and custody for digital assets, arrived as the crypto market showed weakness (bitcoin trading below $90,000), signaling robust investor appetite for crypto infrastructure despite broader uncertainty. BitGo also stated it has regulatory approval to convert BitGo Trust Co. to a federally chartered bank for digital assets, underscoring regulatory clarity as Kraken and others eye IPOs.
Shares of DeepSeek's rival doubled in their debut as Chinese AI companies rush to list on the stock market, reflecting strong investor interest in the sector.
StubHub Holdings Inc. priced its IPO at $23.50 per share to raise $800 million, valuing the company at $8.64 billion, amid a strong US IPO market and ongoing regulatory scrutiny of the ticket industry. The company aims to expand into new ticket issuance and has a significant ownership stake retained by co-founder Eric Baker. The IPO is led by JPMorgan Chase and Goldman Sachs, with trading expected to start on the NYSE under the symbol STUB.
Brazilian meat giant JBS made its U.S. public debut on the NYSE at $13.65 per share, valuing the company at around $30 billion, surpassing Tyson Foods. The company, with a history of corruption scandals and a complex reorganization, finally listed after years of planning, despite opposition and regulatory hurdles, and now trades under the ticker 'JBS'.
Voyager Technologies announced the launch of its IPO, offering 11 million shares at $26-$29 each, aiming to raise funds for growth, research, acquisitions, and operational needs, with plans to list on the NYSE under the ticker VOYG.
Reddit and its investors are aiming to raise up to $748 million in its initial public offering, with plans to sell 22 million shares at a price range of $31 to $34 per share, according to Bloomberg News.