Alphabet hit a US$4-trillion (R65.5-trillion) market valuation on Monday, as the Google parent’s sharpened AI focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. The tech giant on Wednesday surpassed Apple in market capitalisation for the first time since 2019, becoming the second-most valuable company in the…
Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday. SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said. At the elevated price, Musk’s aerospace and…
Carlos Jasso/Reuters Alphabet closed in on a US$4-trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an AI-driven rally. Shares of the company rose more than 5% to hit a record high of $315.90, giving it a market capitalization of $3.82-trillion. The stock…
Cell C CEO Jorges Mendes unveiling the company’s new brand identity at a recent event in Johannesburg Cell C has confirmed the final pricing and outcome of its long-awaited JSE listing, marking a major milestone in the operator’s recapitalisation and restructuring efforts. The offer, which closed on 21 November, was priced at R26.50/share, raising R2.7-billion…
Cell C has cut the offer price for its imminent JSE debut, trimming as much as R3.50/share off the bottom of the original range and knocking roughly R1-billion to R3-billion off its hoped-for valuation. In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder, said it has approved a final…
Cell C is heading to the public market with a proposed JSE listing that pegs the offer price between R29.50 and R35.50/share – a range that implies a post-listing market capitalisation of between R9.5-billion to R12.1-billion, depending on the final share count and whether an over-allotment is exercised. The transaction is a secondary sale by…
OpenAI CEO Sam Altman. Shelby Tauber/Reuters OpenAI is laying the groundwork for an initial public offering that could value the company at up to US$1-trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as the…
Optasia’s plans to list on the JSE could see the company valued at up to R23.5-billion in its public market debut. In a pre-listing statement on Monday, Optasia, whose backers include investor Michael Jordaan, outlined its intention to price its initial share offer at between R15.50 and R19/share. The number of shares on offer will…
Vodacom’s proposed acquisition of a 30% stake in fibre network operator Maziv could value the target company at up to R36-billion after agreeing revised terms on Friday. That would make Maziv, which owns fibre companies Vumatel and Dark Fibre Africa, worth more than R7-billion more than Telkom, which closed on Friday on the JSE with…
