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Anthropic is holding an investor day as it advances plans for a potential IPO at an approximately $2 trillion valuation, amid growing concerns about AI safety and threats. Momei Qu of PSP Growth says market sentiment around AI is shifting quickly as new information emerges. Qu expects discussions to center on the trade-offs between growth and capital expenditures, as well as Anthropic’s anticipated valuation. (Source: Bloomberg)
Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is...
There has been a huge popular success for the IPO of the Dangote Refinery now ending on October 27th, 2026, after a 2-week extension. With the escalation of the conflict in the Middle East, the closure of the Strait of Hormuz has caused a surge in global crude prices and, in turn, supply shortages – pushing African and European countries to turn in mass to the Dangote refinery. The leading African producer of crude oil seeks to transform its status to a regional hub for refining and petrochemicals. FRANCE 24's Chinwe Ossundu reports.
NOTA Inc. is planning an initial public offering in Tokyo as soon as December, according to people familiar with the matter, setting up what could be one of the larger deals in a down year for Japanese debuts.
The Securities and Futures Commission warned investment banks and other intermediaries against arrangements that may artificially inflate demand for initial public offerings. Minmin Low has more on "The Asia Trade." (Source: Bloomberg)
In tonight's edition, Joseph Kabila has been named leader of a new rebel coalition, vowing to topple the government. Also, Africa's largest ever IPO has been extended. And Formula 1 will return to Africa in the early 2030s, once a new circuit is built in Rwanda.
Egypt’s state-owned Banque du Caire is seeing strong interest in its sale of a 30% stake this month, as the Middle East’s most populous nation shrugs off turmoil elsewhere in the region to host two major initial public offerings.
Hong Kong’s securities watchdog is investigating a suspected case of rigging an initial public offering to create a false impression of demand.
Data center operator AirTrunk is delaying a planned initial public offering of a real estate investment trust in Singapore until next year as higher interest rates and market volatility temper investor demand, according to people familiar with the matter.
Australian data center operator Firmus is considering private funding and a potential US listing after its highly anticipated Sydney IPO collapsed. The setback has raised questions about investor appetite for AI infrastructure assets and the valuations attached to them. Tamim Asset Management's Head of Australian Equities Ron Shamgar joins "Bloomberg: The Asia Trade" to discuss what went wrong and why he says Firmus got too greedy. (Source: Bloomberg)
Pledge comes days before Mukesh Ambani's low-cost Reliance Jio's parent launches India's largest-ever IPO.
Bambusa Therapeutics Inc. filed for a initial public offering to help fund trials of its drugs to treat eczema and other inflammation disorders.
Jio Platforms Ltd. is set to price its shares at 1,065 rupees to 1,119 rupees apiece in its planned initial public offering, according to people familiar with the matter.
How do you value a company that some fear could help wipe out the human race?
Zetwerk Pvt., an Indian manufacturing platform, is preparing to launch an initial public offering as early as next week that may raise as much as $525 million, according to people familiar with the matter.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Jio Platforms Ltd.’s push for a record initial public offering has drawn investor skepticism over its lofty valuation aspirations, providing an early test for Ambani heir Akash who’s leading a major Reliance Industries Ltd. transaction on his own for the first time.
Mobile payments firm Airtel Money is set to start trading on the London Stock Exchange later on Friday, a listing that may mark the largest initial public offering for the bourse in five years.
Firmus has abandoned its attempt at one of Australia’s biggest-ever initial public offerings after failing to lure global investors. Bloomberg’s Manuel Baigorri says the news comes amid global concerns over frothy AI valuations (Source: Bloomberg)
The expected postponement of Nvidia Corp.-backed data center company Firmus Grid Ltd.’s Australian IPO is an ominous sign for other proposed listings, coming after a string of disappointing debuts for artificial intelligence infrastructure firms.
Belron Group SCA has selected investment banks to lead a potential initial public offering that could be Europe’s largest in years, according to people familiar with the matter.
Investors considering Anthropic PBC’s planned mega-IPO are grappling with an unusual conundrum: How to value a company that some fear could help wipe out the human race.
Exuberance among cornerstone investors in Hong Kong’s booming initial public offering (IPO) market seems to be fading, forcing some issuers that had hoped to list this month to postpone their offerings. With more than 60 per cent of new listings in the third quarter now trading below their issue prices, cornerstone investors – who typically receive guaranteed allocations in exchange for holding shares for six months – are reconsidering whether to subscribe to coming deals, according to people...