#ipo

#ipo

SpaceX and xAI, both companies led by Elon Musk, could merge ahead of a planned SpaceX IPO this year, according to a report from Reuters. This would bring products like the Grok chatbot, X platform, Starlink satellites, and SpaceX rockets together under one corporation. Company representatives have not discussed this possibility in public. However, recent filings show that two new corporate entities were established in Nevada on January 21, which are called K2 Merger Sub Inc. and K2 Merger Sub 2 LLC.

The shares fell about 9% from the offer price of ₹124 to ₹112.60 on Wednesday, valuing the Bengaluru-based logistics firm at roughly ₹64.7 billion (about $706.58 million) on debut, roughly matching its last private valuation of close to ₹60 billion (roughly $655.01 million) in early 2025. The offering, priced in a band of ₹118-124 per share, combined a fresh issue with an offer-for-sale by existing shareholders and was subscribed nearly three times over.

Aerospace company Starfighters Space, which operates the world's only commercial supersonic aircraft fleet out of NASA's Kennedy Space Center, is down double digits after major gains following completion of its initial public offering (IPO) last week. Starfighters Space's stock price has had a volatile ride in the days since, and Tuesday was no exception. On Tuesday, shares of the stock, which are trading under the ticker symbol FJET, were down 55%, just one day after Monday's record gains, when it soared a whopping 371%.

Moving at superspeed isn't limited to SpaceX's rockets. Elon Musk's satellite and rocket company has secured one million new customers for its Starlink internet in under seven weeks and is now active in 155 markets, the company wrote in a post on X on Monday evening. "Starlink is connecting more than 9M active customers with high-speed internet across 155 countries, territories, and many other markets," the company said.

Elliott Investment Management, the hedge fund that owns the most popular bookstores in the US and the UK, has spoken to potential advisers about an initial public offering (IPO), the Financial Times reported. The multibillion-pound group is thought to prefer London over New York for the listing, which could be a welcome boost to the UK stock market.

HashKey wants to become the first crypto exchange that Hong Kong investors can buy on their local stock market. The company has filed for an initial public offering (IPO) that could make it the city's first publicly listed, fully crypto-native venue under the new virtual asset regime. It is offering 240.57 million shares, with a portion reserved for local retail investors.

It's getting to the point where even if you don't have a child under the age of 15, you should know who MrBeast is. The North Carolinian Jimmy Donaldson's MrBeast channel has over 450 million YouTube subscribers - more than any other YouTube channel - making him arguably the most successful social media star ever. So it made sense when at the DealBook Summit, reporter Andrew Ross Sorkin asked MrBeast and Jeff Housenbold, CEO of Beast Industries, about going public. "You want to have an IPO at some point, I imagine," said Sorkin.

Kraken, one of the longest-running crypto exchanges, has taken a major step toward going public, filing for a U.S. initial public offering (IPO) through its parent company, Payward, Inc. The draft S-1 registration statement was submitted to the Securities and Exchange Commission (SEC), formally placing Kraken in the IPO pipeline. The confidential filing follows an $800 million fundraising round completed on Tuesday, which valued Kraken at $20 billion.

When Kim Min-seok gave the go-ahead in June 2016 to publish a 90-second clip of a children's song, he had no idea what he was unleashing. It became a global phenomenon, clocking up more than 16 billion views - YouTube's most watched video ever. That song was the incredibly catchy Baby Shark. Not only has it captivated toddlers and terrorised adults around the world, it laid the foundations for its creator Pinkfong to become a media business worth hundreds of millions of dollars.

Priced at ₹109, the company's shares climbed as high as ₹161.99 before closing at ₹156.49, valuing the seven-year-old company at ₹448 billion (around $5 billion). That's well above its listing valuation of ₹315 billion (approximately $3.6 billion), and roughly 79% higher than its last private valuation of $2.8 billion in September 2024. The strong IPO highlights the remarkable growth arc of Physics Wallah, which started off as a YouTube channel run by founder Alakh Pandey in 2016.

Klook, a Hong Kong- and Singapore-based travel booking company, is filing for an initial public offering in New York, showing that despite the events of the past year, the U.S. remains a top listing destination for Asian companies. The company, founded in 2014 by Ethan Lin and Eric Gnock Fah, claims to be the largest experience booking platform in Asia by gross transaction volume, with 65 million experiences booked in the twelve months ending Sept. 30. In its IPO prospectus, Klook revealed that it generated $417.1 million in revenue in 2024, a 24% increase. Yet the company isn't profitable, losing $99.3 million last year.

With the company posting four straight years of losses (a cumulative $245 million), it's clear why it needed to raise cash, she writes in her Substack.

Armis, a nine-year-old cybersecurity startup based out of San Francisco, intends to follow in these companies' footsteps. The company said on Wednesday that it has raised a $435 million pre-IPO round led by Growth Equity at Goldman Sachs Alternatives. CapitalG made a significant investment in the round, and new investor Evolution Equity Partners also participated. The round values Armis at $6.1 billion, a meaningful jump from the $4.5 billion tender offer valuation the startup announced in August.

"We are well north now of the financial minimums needed for an IPO," he tells The Register during the Ubuntu 25.10 Summit at Canonical's headquarters. However, the open source veteran emphasizes the real barrier is operational readiness rather than revenue, product, or technical milestones. "I am very calmly of the view that we should be a public company, but also very calmly of the view that there's no need to do it when we're not mature enough."

The corporate travel and expense management platform debuted on the Nasdaq on Thursday at $25 per share, in the middle of its expected range, raising $923 million at a $6.2 billion valuation. It's the largest company to test the IPO waters during the government shutdown. The shutdown has prompted some other companies to delay their public listings, including consumer group Unilever's spinoff of its Magnum Ice Cream unit.

Ensemble Health, a major player in healthcare revenue management, is seeking a potential $13 billion sale or IPO next year, Business Insider has learned. Ensemble, owned primarily by private equity firms Warburg Pincus and Berkshire Partners, has tapped JPMorgan to pursue a sale, five people with knowledge of the deal told Business Insider. At the same time, Ensemble is considering an IPO and has pulled in Goldman Sachs to support the dual-track approach, three of the people said.