OpenAI Files Confidentially For IPO, Joining SpaceX and Anthropic In Capitalizing On AI Frenzy The rush by AI companies to go public before the window closes (i.e., "market conditions" emerge) entered its final lap late on Monday, when OpenAI joined its two mega peers in filing for a blockbuster IPO that could value the ChatGPT creator at more than $1tn as it races rival Anthropic to list its shar...
OpenAI Files Confidentially For IPO, Joining SpaceX and Anthropic In Capitalizing On AI Frenzy The rush by AI companies to go public before the window closes (i.e., "market conditions" emerge) entered its final lap late on Monday, when OpenAI joined its two mega peers in filing for a blockbuster IPO that could value the ChatGPT creator at more than $1tn as it races rival Anthropic to list its shares publicly, following an imminent offering by SpaceX. OpenAI said it had confidentially submitted a draft IPO prospectus to the US Securities and Exchange Commission, formally kicking off the process for one of the year’s most hotly anticipated debuts. The company is also planning to launch a tender sale of its shares to provide liquidity to employees in the coming weeks, before the company goes public, Bloomberg reported. Why employees would want to sell shares ahead of an IPO is not exactly clear, unless they fear the market reaction to the public offering would disappoint. OpenAI’s listing announcement comes days before SpaceX is set to IPO in a deal that could raise a record $86bn and value Elon Musk’s rockets-to-AI conglomerate at $1.78tn. Anthropic, the startup behind the chatbot Claude, said last week that it had filed confidentially for an IPO of its own. The company soared to a $965 billion valuation in its latest private funding round - above OpenAI’s for the first time - as its revenue surged. The three Wall Street listings comes at a time of unbridled euphoria among investors over AI, which has helped propel US stocks to a series of record highs but also prompted worries that markets are overheating. Last week, Goldman published a note seeking to preempt the big question: " Can Markets Absorb Massive Stock Supply From Coming Mega IPOs Without A Crash :" While Goldman did not express concerns about the coming flood of stock supply (its argument is that demand will more than offset the flood of new shares), the bank which is also a lead underwriter for both Space...
Micron Technology (MU) stock spent years being labeled a cyclical player by Wall Street, but that might be changing. In a recent Fox News segment, Roundhill Investments CEO Dave Mazza argued that investors are now viewing memory-chip companies a lot differently due to AI. Memory has ...
Micron Technology (MU) stock spent years being labeled a cyclical player by Wall Street, but that might be changing. In a recent Fox News segment, Roundhill Investments CEO Dave Mazza argued that investors are now viewing memory-chip companies a lot differently due to AI. Memory has ...
In this article 8035.T-JP 6857.T-JP 6723.T-JP 94345.T-JP Follow your favorite stocks CREATE FREE ACCOUNT Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks rebounded Tuesday, tracking Wall Street's gains, as investors returned to artificial intellige...
In this article 8035.T-JP 6857.T-JP 6723.T-JP 94345.T-JP Follow your favorite stocks CREATE FREE ACCOUNT Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks rebounded Tuesday, tracking Wall Street's gains, as investors returned to artificial intelligence-linked names. South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung Electronics gained 3.38%. Seoul Semiconductor jumped over 12%. Japanese semiconductor equipment makers also advanced, with Tokyo Electron rising 5.65%, Advantest adding 1.51%, and Renesas Electronics gaining 2.54%. However, shares of Japanese tech investment giant SoftBank extended their slide, dropping 2%. In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%, clawing back some of last week's losses amid a broader rout in technology shares. "The rotation back to domestic defensives we saw yesterday will be short lived for now," said Andrew Jackson, an equity strategist at ORTUS Advisors. While it remains unclear whether the recent pullback will be enough to reset valuations, Jackson said markets were likely to remain volatile through the week as investors brace for the pricing of SpaceX's highly anticipated initial public offering on Thursday and the start of trading on Friday. Investor attention is also turning to a potential wave of blockbuster AI listings afte r OpenAI said it had confidentially filed for an initial public offering , following a similar move by Anthropic and coming just days before SpaceX shares are expected to begin trading. Jackson added that capital could become more constrained after OpenAI's IPO filing. The artificial intelligence company, which is valued at more than $850 billion , has been gearing up to go public as soon as the fourth quarter of this year. Choose CNBC as your prefer...