
OpenAI Completes $7 Billion Secondary Share Sale
OpenAI completed a $7 billion secondary share sale enabling current and former employees to sell stock at an $852 billion valuation, providing near-term liquidity ahead of an anticipated IPO.

OpenAI completed a $7 billion secondary share sale enabling current and former employees to sell stock at an $852 billion valuation, providing near-term liquidity ahead of an anticipated IPO.

American Bitcoin mined 932 BTC and posted $67.015M in Q2 revenue, but first-half cash flows reveal heavy reliance on $144.088M in ATM share sales to fund operations and acquisitions.

An unnamed Shanghai-based company aims for an IPO by year-end, driven by Beijing's semiconductor self-reliance initiative amidst ongoing US export controls.
Peter Barber, co-founder of Australian video tech firm Blackmagic Design, is suing the company and co-founders Grant Petty and Douglas Clarke in Federal Court, alleging he's been denied dividends, information, and the ability to sell his $98M stake due to hostility.

Fenway Sports Group is negotiating to sell a 30% minority stake in Liverpool FC to a consortium led by Amit Bhatia, backed by Lakshmi Mittal, for an estimated £1.35bn, valuing the club at £4.5bn.

Hong Kong's Cathay Pacific Airways expects its first-half net profit to surge by up to 75% to HK$6.5 billion (US$829 million), driven by increased passenger and cargo traffic, alongside a HK$1.4 billion gain from its Air China interest dilution.

Fenway Sports Group, owner of Liverpool FC, is in negotiations to sell a 30% minority stake to a consortium led by Amit Bhatia and backed by Lakshmi Mittal, with an offer of £1.35bn valuing the club at £4.5bn.

Fenway Sports Group, owner of Liverpool FC, is negotiating to sell a significant minority stake in the club to a consortium led by Amit Bhatia and backed by billionaire Lakshmi Mittal, valuing the club at approximately £4.5bn.

CXMT, China's memory chip champion, attracts heavy investment in its IPO, promising a high allotment rate and potential fourfold gain amid the AI-driven market boom.

South Korean chipmaker SK hynix is set to raise approximately $28 billion on Wall Street via ADRs, a sum surpassed only by SpaceX. The listing aims to improve valuation and fund new facilities amidst a booming AI memory market, despite cyclical industry risks.

Michael Saylor's Strategy acquired 520 Bitcoin for $34.9 million and added $300 million to its US dollar reserve. This comes as its perpetual preferred stock (STRC) fell below $90, with the company funding these moves through its ATM equity program.
Jio Platforms, Reliance Industries' digital arm, has filed draft papers with SEBI for an IPO aiming to raise up to $4 billion, potentially India's largest stock listing. Proceeds will be used to retire debt, with the offering expected to reshape the Indian IPO market.

Jio Platforms, Reliance Industries' telecom unit, plans a potential $4bn IPO, one of India's largest share sales. The board approved a draft prospectus, with the listing seen as a test of investor appetite after market volatility. The IPO follows Jio's expansion into AI and digital infrastructure.

WH Smith issued a profit warning, expecting £75m-£90m pre-tax profits, down from £90m-£105m, due to falling shopper numbers in US airports linked to the Middle East war. The retailer raised £102m via a share sale.

Alphabet plans an $80 billion share sale to fund AI commitments, a move Goldman Sachs International co-CEO Anthony Gutman calls "unprecedented territory." Berkshire Hathaway will receive $10 billion for AI compute infrastructure. The offering signals a strong pipeline for capital markets.

Alphabet plans to raise $80 billion through public offerings, share sales starting Q3 2026, and a private placement with Berkshire Hathaway. Funds will expand AI infrastructure and global computing capacity.

Google's parent company, Alphabet, plans to raise up to $80 billion in equity, including a $10 billion sale to Berkshire Hathaway, to fund its AI infrastructure. This move highlights the increasing capital demands of the AI boom and raises questions about future investor returns.

Alphabet, Google's parent company, announced plans to sell $80 billion in shares to fund its artificial intelligence infrastructure rollout, citing unprecedented customer demand. The offering includes a $10 billion deal with Berkshire Hathaway.

Anthropic has confidentially filed its IPO prospectus with the SEC, signaling a potential major share sale. The AI company, known for its Claude models, is experiencing rapid growth and faces competition from rival OpenAI.

AI firm Anthropic has confidentially filed its IPO prospectus with the SEC, potentially setting up a historic share sale. The company, known for its Claude AI models, reported a revenue run rate of $47 billion and was recently valued at $965 billion.

MiniMax, a Shanghai-based AI company, hires Citic Securities to prepare for a yuan-denominated share sale on China's onshore market, capitalizing on heightened global investor interest in AI stocks.

Hong Kong can still aim for second place in global IPO fundraising this year, according to Paul Uren of JPMorgan, despite New York potentially taking the top spot. Concerns exist over potential fund outflows due to a large SpaceX IPO.
Investment advisor Barrett Linburg proposed a tax strategy for Elon Musk to defer taxes on SpaceX IPO gains by reinvesting in a Qualified Opportunity Fund near Starbase, Texas. Musk stated he is not selling shares.

SpaceX plans to disclose its IPO prospectus as early as next week, ahead of a June 8 roadshow, targeting a record $70-75 billion listing, aided by its $1.25 trillion valuation post-merger with xAI.