Anthropic has selected the Nasdaq for its potential IPO, according to a person familiar with their plans. The company, which has been targeting an October listing, has given Nasdaq another big win, according to a person familiar with the matter. Nasdaq secured the coveted SpaceX listing earlier this year. SpaceX was valued at $1.75 trillion,
Sam Altman says now is not a good time. In a Fortune interview that aired on Saturday, OpenAI’s CEO said that “given everything that’s happening with safety,” he doesn’t expect to take his company public this year. “Right now would be an ill-advised moment to go public,” he said. When Fortune’s editor in chief, Alyson
Nscale, the buzzy U.K.-based AI data center startup, has appointed former OpenAI, Meta, and Instacart executive Fidji Simo to its board. Simo joins high-profile tech executives Sheryl Sandberg, Susan Decker, and Nick Clegg on Nscale’s board ahead of the startup’s anticipated IPO this fall. Formerly CEO of AGI deployment at OpenAI, essentially the No. 2
After months of delays, fast fashion behemoth Shein went public on Tuesday at a fraction of its peak valuation. On Monday, the Singapore-headquartered retailer priced its IPO at 48.56 Hong Kong dollars, or $6.19, per share, offering about 280 million shares. It raised more than HK$13.2 billion in the IPO. Its valuation at the IPO
Chinese markets are booming with new public stock offerings, energized by the craze for artificial intelligence and other advanced technology and a growing preference to list shares in Hong Kong and Shanghai. In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a
Chinese fast-fashion business Shein Global Holdings Ltd. was once worth more than the parent companies of H&M and Zara, giving its reclusive boss Sky Xu a net worth of more than $23 billion. But Xu’s fortunes have turned in four short years as Shein battles tariffs, political scrutiny and growing competition. Shein is set to
