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Bloomberg23d agoneutral
Global Investors Hunt For Creative Backdoors Into China’s Mega CXMT IPO

(Bloomberg) -- Global investors largely shut out of China’s biggest IPO in nearly four years are looking at creative proxy trades as a way to profit from the country’s fast-rising memory-chip leader. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeA Cocaine Bust

SpaceX Stock Trades Below IPO Price
The Wall Street Journal23d agoneutral
SpaceX Stock Trades Below IPO Price

Shares of SpaceX briefly traded below their IPO price on Wednesday, a first for the stock just over a month after going public. The rocket maker’s stock recently traded at $135.38, down 0.5% from yesterday’s close.

SpaceX stock defies latest Wall Street forecasts
TheStreet23d agoneutral
SpaceX stock defies latest Wall Street forecasts

SpaceX (SPCX) went public a month ago as the biggest IPO in history. Today, it trades below its opening price. Shares of Space Exploration Technologies slipped to a record low near $139 on Monday, even as the company cleared a Starship mishap probe ahead of its next test flight, according to ...

Anthropic Reportedly Taking New Steps Toward Mega-IPO In Race With OpenAI, DeepSeek
Investor's Business Daily23d agoneutral
Anthropic Reportedly Taking New Steps Toward Mega-IPO In Race With OpenAI, DeepSeek

Anthropic is looking to kick off meetings for its blockbuster initial public offering in the coming weeks, according to a Bloomberg report. The move could help put the AI chatbot maker's IPO firmly ahead of rival OpenAI's. The banks leading Anthropic's much-anticipated IPO are setting up meetings for the company with investors, according to the Bloomberg report, which cites unnamed sources.

Amazon to launch S.Africa satellite internet as Starlink awaits licence
AFP23d agoneutral
Amazon to launch S.Africa satellite internet as Starlink awaits licence

Amazon said Wednesday it will launch satellite internet services in South Africa, entering a market where rival Elon Musk's Starlink has struggled to secure regulatory approval.Under the deal, Herotel -- South Africa's largest fixed internet service provider -- will use Amazon Leo's technology to offer a new service called Evry, slated for launch commercially in 2027.

How crypto is already trading China's most anticipated AI chip IPO
Yahoo Finance Video23d agoneutralVIDEO
How crypto is already trading China's most anticipated AI chip IPO

Chinese chipmaker ChangXin Memory Technologies (CXMT) is preparing for an IPO. Scott Melker explains how the crypto market is already offering pre-IPO trading. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

SpaceX Shares Fall Below IPO Price for the First Time
The Wall Street Journal23d agobearish
SpaceX Shares Fall Below IPO Price for the First Time

Shares slipped 2.5% to $132.72 in recent trading. Over the past month they have edged lower; even SpaceX’s addition to the Nasdaq-100 index didn’t boost them. SpaceX is hardly the first big IPO to struggle in early days or weeks of trading.