Crypto giant Grayscale confidentially files for IPO
Grayscale Investments is preparing to go public. The firm confidentially submitted a draft registration statement on Form S-1 to the SEC. It’s the latest crypto firm filing for an IPO, coming on the h...
CoreWeave sinks after announcing $9 billion deal to buy Core Scientific
Shares of recently IPO’d retail darling are slumping in premarket trading after the company announced plans to buy crypto miner (and business partner) in an all-stock deal worth about $9 billion at ...
Datadog is now in the S&P 500. These big stocks still aren't.
Cloud-monitoring software provider surged 15% on Thursday, following the news that it will be added to the S&P 500 Index on July 9, replacing Juniper Networks. Datadog's addition marks another win fo...
Datadog jumps on inclusion in S&P 500 Index
, a monitoring software provider, jumped about 10% on Thursday morning on news it will soon be added to the S&P 500 Index. Datadog will replace Juniper Networks in the index, which anchors millions of...
Figma just filed for IPO, revealing its financials for the first time publicly
Silicon Valley likes the enigmatic founder who does things differently, so when Dylan Field wrote “chocolate is repulsive” in his essay for his application for the Thiel Fellowship, he was already fit...
JPMorgan, Bernstein initiate Circle coverage, with stark contrasts
Both JPMorgan and Bernstein initiated coverage of the newly public stablecoin powerhouse today, but had very different takes on the company’s trajectory. Circle, which had a mammoth IPO earlier this ...
SPACs are back — maybe just with the same old playbook and players
After a pandemic-era surge that ended in a wave of flameouts, Special Purpose Acquisition Companies (SPACs) — “blank-check” firms that raise money via IPO, then look to merge with a private company — ...
How Nebius emerged from Russia and became one of Nvidia’s top-performing investments
Nvidia’s investment in AI cloud computing startup (and customer) is turning out to be quite a smart move for the company. CoreWeave’s shares have been on a tear since its IPO in March — almost 300%. ...
Bank of America more than doubled its price target on CoreWeave and... downgraded the stock
I’ve been doing this writing-about-stocks thing for a while, and cannot remember ever seeing something quite like this: Bank of America analysts hiked their price target on by 143%, to $185 from $76,...
Oklo seeks $400 million in new share offering after massive stock surge
Nuclear tech company saw its stock soar as much as 29% on Wednesday, reaching an all-time high. That same day, it announced a proposed public offering to raise up to $400 million in common stock .
Are Palantir and CoreWeave meme stocks?
What makes a meme stock? A fervid retail shareholder base and tough-to-justify valuations are two key attributes, and hot stocks and certainly tick those boxes, says Bloomberg. Palantir, through Mon...
Amazon employs 395 people for every 1 Palantir worker — guess which stock gets traded more?
On Monday, closed at a record high. On Tuesday, it did it again. The packaged software company deep in the defense scene, helmed by its talismanic, jargon-loving, hyperbolic CEO, who once said “Palan...
CoreWeave reveals stake in Applied Digital, adding another brick to Nvidia’s “House of GPUs”
is surging after , the hottest IPO since sliced bread, revealed a 5.5% stake in the data center upstart, which would make it the fifth-largest owner according to publicly available filings. Who else o...
BofA: Robinhood could be added to S&P 500
Bloomberg writes that free trading app is a “prime candidate” for inclusion in the S&P 500, at least in the eyes of Bank of America analysts covering the shares. (Sherwood Media is an editorially ind...
The UK finally got one of its tech champions to list in London, now it’s moving to New York
London’s stock market is something of a dinosaur, dominated by decades-old firms in sleepier sectors like mining, banking, pharmaceuticals, energy and consumer goods. Dinosaurs, as it happens, seem to...
Elon Musk’s xAI could become the fourth hectocorn, as it seeks $113 billion valuation in small share sale
When venture capitalist Aileen Lee coined the term “unicorn” in 2013 to refer to those rare, near-mythical startups worth more than $1 billion, she probably didn’t foresee a future where more than a t...
So... what exactly does CoreWeave do?
is having a bit of a moment. It pulled off one of the first major IPOs of the current AI boom we find ourselves in. It smashed sales expectations for its first reported quarter as a public company, an...
S&P 500 erases big early losses, powering through to sixth straight gain
US Treasury bonds may have been downgraded , but the stock market wasn’t. The S&P 500 shrugged off the Moody’s decision and some unsettling trade talk out of China , erasing an early loss of 1% to fin...
Galaxy Digital pops on Nasdaq debut
Mike Novogratz’s went public on the Nasdaq this morning under the ticker GLXY. Shares popped more than 6% at the open and remained in the green in early trading. It’s been quite the journey for Galax...
Americans are losing the taste for plant-based milk — and Oatly is feeling the pain
There were some red-hot IPOs in the class of 2021, with Oatly, Roblox, Rivian, Robinhood, Bumble, and Coinbase all debuting on the public markets. But, while the last of those names has just been indu...