Shein is seeking a valuation of between US$30-billion and $40-billion (R495-billion and R660-billion) in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the matter said. Shein started pre-deal investor meetings last week, one person said. The deal could be launched…
Humanoid, a UK-based AI and robotics company building industrial humanoid robots, announced a $152 million Series A financing at a $1.35 billion post-money valuation. This funding brings the total amount raised to date to $270 million. The round was led by Prime Movers Lab, a venture capital firm focused on investments in breakthrough scientific startups…
Anthropic has raised US$65-billion at a post-money valuation of $965-billion, as it seeks to expand computing capacity to meet growing demand for chatbot Claude and scale its products. The new valuation after the series-H funding round puts Anthropic ahead of rival OpenAI, which was last valued at $852-billion post-money in March. “Since our series-G in…
The ticker symbol SPCX is poised to become one of the most highly anticipated listings on the Nasdaq. As first reported by Reuters, SpaceX has aggressively accelerated its initial public offering (IPO) timeline, aiming to debut on the stock exchange by June 12. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: AI trends shifting! According…
Image: Jernej Furman OpenAI’s latest funding round valued the ChatGPT maker at US$840-billion as Big Tech and Masayoshi Son’s SoftBank piled into the $110-billion blockbuster round, signalling the AI investment race is alive and well despite recent fears of a valuation bubble. The funding round — one of the largest private capital raises on record…
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…
