#IPO
17 stories · 5 issues · daily IPO news timeline
#IPO timeline · newest first
Sun, Oct 18
As Anthropic's revenue growth slows before its IPO, some investors cut valuation expectations to about $1.5 trillion
When a model company goes public, investors buy not just revenue growth but a huge compute bill signed in advance.
Anthropic offers Blackstone more than 10% interest on debt to rent chips
The bottleneck for compute expansion isn't only whether chips are available, but who will lend and at what interest rate.
Berkshire invests another $330 million in Bending Spoons, raising its stake to 4%
Berkshire is betting not on any single app, but on a method: buy it, fix it, buy again.
Nscale reportedly plans an IPO at a $35 billion valuation as its Norway data center falls behind schedule
However large an AI cloud company's contracts, they only count once each data center is built; construction progress is revenue progress.
Dongshan Precision starts pre-marketing a Hong Kong IPO to raise $2 billion to $3 billion
AI is lifting not just chips but the optical modules that connect them, and that capacity has become a reason for manufacturers to raise money.
Sun, Oct 4
Anthropic's draft prospectus surfaces: a $42 billion net loss last year and at least $518 billion of compute bills over the next decade
The prospectus reduces a model company's business to arithmetic: revenue can grow twelvefold in a year and still has to outrun a ten-year compute bill that is 80% irrevocable.
Smart ring maker Oura postpones its $2.2 billion IPO and chooses to wait despite orders four times the shares on offer
Pulling a deal that was four times oversubscribed shows the obstacle to an IPO is not whether buyers exist, but at what price and who gets to cash out first.
Fri, Oct 2
Anthropic's prospectus shows Broadcom will lend it up to $42 billion to back a TPU lease worth over $100 billion
When suppliers start lending customers the money to buy their chips, the AI compute race has moved beyond selling hardware to who is willing to carry the customer's credit risk.
Anthropic could start its IPO roadshow the week of November 9 and list before Thanksgiving
The first frontier model company to go public is pricing more than itself; it is setting the valuation line public markets will accept for the whole industry.
Claude for Government opens to US federal and state agencies, with Claude Code entering early access
In the government market, AI companies compete less on whose model is smarter than on who finishes the compliance paperwork first so buyers feel safe signing.
Wed, Sep 30
OpenAI aims to raise at least $30 billion at a ~$1.4 trillion pre-money valuation, a private bridge in place of an IPO this year
Delaying an IPO doesn't mean OpenAI needs less money; it just swaps the public market's verdict for the judgment of a handful of mega-investors for another year.
Anthropic discloses up to $84.5 billion in SpaceX compute payments through 2029, mostly cancellable on 90 days' notice
AI compute contracts keep getting bigger, but the number that matters is whether they can be cancelled: that decides whether the risk ends up with the model company or the compute provider.
Anthropic says Zhipu's open GLM-5.3 can autonomously build full cyberattacks but lacks robust safeguards
Closed labs can lock up their most dangerous models, but not stop others from building something similar months later; the pace of open-source catch-up now sets how much time cyber defenders get.
Data center power supplier Accelevation prices its US IPO below range, raising $540 million
AI infrastructure orders are still climbing, but public markets have started discounting them as investors sort durable growth from the peak of this build-out cycle.
Oura postpones its IPO at the last minute as some investors balk at a ~$15 billion valuation
Markets will pay up for an AI story, but for a ring that must win back its users' subscriptions every year, they do the hardware math first.
Shein's net income falls 66% in its first report since its Hong Kong IPO, with shares ~30% below the offer price
Cheap cross-border e-commerce grew in the gaps between rules; once those gaps close, the earnings report tells the truth before the share price does.
Tue, Sep 29
Anthropic files IPO prospectus: about $4.6 billion in 2025 revenue, a roughly $42 billion net loss, and 50.1% of votes for its seven co-founders
The filing puts both faces of an AI company on one page: growth faster than any conventional company, control tighter than most, so public markets are buying the growth, not a say.