All articles tagged with #ipo
Greg Brockman, OpenAI's president and co-founder, will now oversee the company's product, go-to-market, and compute initiatives after Fidji Simo steps down due to chronic illness and becomes a part-time advisor; OpenAI has confidentially filed its IPO prospectus and is preparing for a historic public listing, with Sam Altman remaining CEO and Brockman reporting to him as competition and revenue pressures mount.
U.S. stocks opened mixed ahead of SK Hynix’s record US listing, the largest-ever foreign IPO, with the Dow up about 0.1%, the S&P 500 flat, and the Nasdaq down roughly 0.2 as chip names tug on tech shares. Oil prices also edged higher near $72 for WTI and over $76 for Brent amid renewed Middle East tensions and slower traffic through the Strait of Hormuz. Delta Air Lines fell on higher fuel costs, though it beat earnings estimates and reinstated full-year guidance.
SK Hynix raised $26.5 billion in its US initial public offering by selling 177.9 million American Depositary Shares at $149 each, making it the largest foreign first-time listing in the United States; the ADS will trade on Nasdaq under SKHYV before moving to the regular ticker SKHY, as the memory-chip maker looks to expand capacity to meet AI-driven demand.
South Korea’s SK Hynix raised $26.5 billion in a record-breaking US IPO by selling 177.9 million ADS at $149 each on Nasdaq, making it the largest ever listing by a foreign company in the US and the second-largest IPO globally after SpaceX. The deal was about seven times oversubscribed, underscoring strong demand for AI-related memory chips as SK Hynix reports robust profits and aligns with a broader $1 trillion AI investment push with Samsung, fueling a rally in Korea’s stock market.
South Korea’s SK hynix priced a US listing on Nasdaq to raise about $26.5 billion via American depositary shares, issuing roughly 177.9 million ADS at $149 each (representing one-tenth of a share) after a deal more than seven times oversubscribed. The offering, led by major banks, aims to fund a Yongin fabrication hub and an advanced packaging plant in Cheongju as AI demand boosts high-bandwidth memory chips, solidifying SK hynix’s position alongside Samsung and Micron in the $1 trillion-plus memory-chip arena.
OpenAI’s chief of AGI deployment, Fidji Simo, is stepping down from her full-time role to become a part-time adviser after a months‑long medical leave linked to a worsening neuroimmune condition (POTS). Her departure comes amid a broader executive shakeup and a company-wide push to concentrate on core products ahead of a planned 2027 IPO, including reorganized product leadership, a merged “superapp” strategy, and a major ChatGPT update with new AI-agent capabilities.
SK Hynix priced its US IPO at $149 per American Depositary Share, selling 177.9 million ADS (equivalent to 17.79 million shares) to trade on Nasdaq as SKHY and aiming to raise about $28 billion—the largest foreign listing in history. Demand reportedly seven times the shares, with the funds earmarked to expand memory-chip manufacturing to meet AI-driven demand for high-bandwidth memory (HBM) and storage chips; the company is a leading HBM supplier with a sizable market share, giving US investors easier access to the memory stock boom.
SK Hynix is set to price and debut on the Nasdaq with a US listing (ticker SKHY) after offering 177.9 million American Depositary Shares, equivalent to 17.79 million ordinary shares, in a deal that could raise about $28 billion — potentially the largest foreign listing ever. Demand for the sale is reported as roughly seven times the available shares, underscoring strong appetite for memory makers amid persistent AI-related memory shortages. The proceeds would fund new manufacturing capacity to meet high-bandwidth memory and storage needs, with Micron and Samsung also pursuing long-term supply arrangements. US investors gain easier access to SK Hynix exposure, though the memory cycle remains volatile and shortages could linger into the 2030s.
SpaceX closed at $148, a second straight day below its $150 debut, after being added to the Nasdaq-100 which forced index funds to own shares. The company’s IPO raised $85.7 billion with a greenshoe option; SpaceX had previously peaked near $202 after debut. Analysts remain broadly bullish on SpaceX’s reusable rocket tech, Starlink, and potential AI ventures, even as a minority stay neutral or cautious.
SpaceX stock SPCX hit an all-time low, briefly trading below its $150 IPO price as rival Blue Origin raises about $10 billion at a $130 billion valuation, signaling diverging momentum in the space sector: Nasdaq-100 inclusion may already be priced in for SpaceX, while Blue Origin draws new outside capital despite a New Glenn rocket setback and signals ambitions in satellite connectivity (TeraWave) alongside broader Amazon LEO plans that could compete with Starlink.
SambaNova raised $1 billion in fresh financing led by General Atlantic (with Seligman Ventures, T. Rowe Price and Capital Group), boosting its valuation to $11 billion and fueling the rollout of its SN50 inference chips for on‑premise deployments. JPMorgan has adopted the company's systems for demanding enterprise AI workloads, while the startup—which earlier drew funding from Intel—continues to pursue a U.S. IPO around 2027 amid strong investor interest in AI-chip companies challenging Nvidia.
SpaceX’s IPO has sparked a wave of bullish analyst coverage, with average targets around $236.45—about 58% above SPCX’s close—driven by bets on Starship reusability, higher payloads, and SpaceX’s broader space infrastructure ambitions. Underwriters from leading banks are optimistic, but valuations hinge on executing ambitious milestones and the scale of future capital needs.
SpaceX's SPCX stock trades at about $149, roughly three weeks into public trading, dipping below its IPO opening price even as major banks initiated coverage with broadly bullish targets (JPMorgan at $225, Morgan Stanley $300, Goldman Sachs $205, Bernstein $239, RBC $225, and others). The company is entering the Nasdaq 100, and analysts cite its multi-segment moat across launches, connectivity, and AI compute as upside potential, though investors remain cautious about the stock’s valuation amid the new frontier-focused narrative.
SpaceX’s SPCX stock has slid to about $149 per share after roughly three weeks of trading, dipping below its IPO opening price even as a wave of bullish ratings from major banks (e.g., JPMorgan, Morgan Stanley, Goldman Sachs and others) arrive, with targets that signal upside as SpaceX enters the Nasdaq 100.
SpaceX’s historic IPO propelled the rocket company onto the Nasdaq 100, triggering fresh, highly optimistic analyst coverage after the quiet period ended. Morgan Stanley started with an overweight rating and a $300 target, while RBC ($225), UBS ($210), BTG Pactual ($225), and Stifel ($190) issued bullish notes. Analysts project multi-trillion-dollar revenue potential by 2030–2040 driven by space, Starlink, and AI ventures, even as the company still posts losses; SpaceX briefly hit a $2.9 trillion valuation before retreating to below $2 trillion after the debut, with the stock opening around $159.