E*Trade Emerges as Key Retail Partner in SpaceX IPO
Morgan Stanley’s E*Trade is in talks to lead retail distribution for SpaceX’s record IPO, potentially sidelining platforms like Robinhood and SoFi.
Musk Triggers Leadership Shakeup and Layoffs at xAI
Elon Musk has pushed out several leaders and employees at xAI as he restructures the company ahead of a potential initial public offering.
Cohere Hits $240M Revenue Ahead of Potential IPO
Canadian AI startup Cohere reported $240 million in annual recurring revenue for 2025, exceeding targets and setting the stage for a potential IPO in 2026.
Anthropic Reportedly Doubles Funding Target to $20 Billion
By
Maria Konash
Anthropic raises its funding target to $20 billion, with investors including Sequoia, Singapore’s sovereign wealth fund, and Coatue, boosting its valuation to $350 billion.
China AI Startup MiniMax Sees Shares Double in $620M Hong Kong IPO
China-based AI startup MiniMax raised $620 million in its Hong Kong IPO, with shares doubling on the first day. The company develops large language models and AI applications for global users.
Anthropic Reportedly Targets $10 Billion Raise at $350 Billion Valuation
By
Maria Konash
Anthropic is preparing to raise $10 billion at a $350 billion valuation, nearly doubling its recent value. Major backers include GIC, Coatue, Microsoft, and Nvidia, supporting cloud expansion and AI model development.
Baidu AI Chip Unit Kunlunxin Files for Hong Kong IPO
By
Olivia Grant
Baidu’s AI chip division, Kunlunxin, has confidentially filed for a Hong Kong IPO. The move aims to highlight the unit’s value and attract investors focused on AI hardware and software.
MiniMax Targets Hong Kong IPO Backed by Alibaba Group
Chinese AI startup MiniMax plans a Hong Kong IPO, aiming to raise over $600 million with backing from Alibaba and Abu Dhabi Investment Authority. The move positions MiniMax as a key player in China’s generative AI market.
China’s Biren Technology Targets $624M Hong Kong IPO to Challenge Nvidia
Biren Technology aims to raise HK$4.85 billion in its Hong Kong IPO, targeting AI chip development and intelligent computing growth amid strong investor interest.
China’s OpenAI Rivals Reveal IPO Economics
By
Olivia Grant
Chinese generative AI startups MiniMax and Zhipu AI have disclosed their financials ahead of potential Hong Kong listings, highlighting modest revenues and mounting losses compared with U.S. peers.
Dynamix Corporation III Raises $175M SPAC to Target AI, Energy, and Digital Assets
Dynamix Corporation III has raised $175 million in an upsized IPO, with plans to acquire a company in the AI, energy, or digital asset sector.
Latest News
April 7th, 2026
April 7th, 2026
April 3rd, 2026
April 3rd, 2026
April 2nd, 2026