Section
Deals
OpenAI to Confidentially File IPO Draft Friday: Sources
OpenAI prepares to confidentially file a draft IPO prospectus as soon as Friday with Goldman Sachs and Morgan Stanley as lead underwriters, sources say.
Blockchain.com confidentially files for US IPO as crypto firms push for public listings
Blockchain.com has confidentially filed for an IPO with the SEC, joining Circle, Gemini, and BitGo in a wave of crypto-native companies seeking public listings as the regulatory environment shifts.
Cheap AI models threaten OpenAI, Anthropic trillion-dollar IPOs
Chinese AI labs charge $1.74 per million tokens versus $25 to $30 for Western models. Enterprise CFOs are routing 69% of workloads to cheap alternatives — just as OpenAI files for a $1 trillion IPO.
Oura IPO filing adds consumer tech to 2026 window
Oura IPO filing adds a consumer-tech name to the 2026 listing rush, testing whether investors will back wearables beyond AI's biggest offerings.
IPO fundraising hits a two-year low as big deals dominate
IPO fundraising in 2026 has fallen to a two-year low as volatility, geopolitics and giant deals push smaller issuers to wait.
Thames Water rescue math shifts as politics reprices the deal
Political uncertainty is no longer background noise for Thames Water's rescue. It is changing how creditors price the deal, the regulatory trade-offs and the odds of a durable recapitalisation.
Europe VC market 2026: AI winners pull capital away
Europe VC market 2026 is being driven by AI, with late-stage winners masking weaker deal volume, thinner funding and smaller exits elsewhere.
SpaceX IPO 2026 could squeeze Europe’s smaller listings
SpaceX IPO 2026 could pull capital and attention away from smaller European flotations, leaving an already selective market even tighter.
Lincoln International IPO raises $421M as US window widens
Lincoln International IPO raised $421 million, offering a fresh test of whether US demand for new listings now reaches beyond marquee tech issuers.
Cerebras IPO tests how far the AI IPO market can widen
Cerebras IPO shows the AI IPO market is reopening selectively, with investors backing giant hardtech names while smaller issuers still face a crowded queue.
Merck (MRK) buys Cidara for $9.2bn as biopharma M&A tops $93bn
Merck said it would buy Cidara for $9.2 billion in cash, extending a biopharma M&A wave that reached $92.98 billion in the first four months of 2026.
OpenAI court win lifts IPO overhang after Musk lawsuit fails
A California jury's rejection of Elon Musk's lawsuit strips away a legal overhang that had threatened to complicate any future OpenAI IPO.
Vida Global (VIDA) closes $15 million IPO at $4 a share
Vida Global raised $15 million in a $4-a-share IPO and began trading under VIDA, giving investors a same-day read on how narrowly the 2026 AI issuance window is open.
Intertek (ITRK) backs EQT's £9.4bn bid as UK buyouts revive
Intertek said it was minded to recommend EQT's £60-a-share bid, giving private equity a live test of whether large UK take-privates still work at higher financing costs.
NextEra (NEE) to buy Dominion (D) in $66.8bn AI-power deal
The NextEra-Dominion deal ties AI-led data-centre electricity demand to a new round of US utility consolidation and regulatory scrutiny.
When IPO windows narrow, venture exits move private
Venture exits are shifting into private deals as the IPO market stays selective, changing liquidity, pricing power and timing in 2026.
DayOne weighs Singapore-US dual IPO worth up to $5bn
The mooted DayOne deal would test whether AI-linked data-centre demand can support a multibillion-dollar cross-border IPO rather than a U.S.-only listing.
Quantinuum IPO filing tests frontier-tech market window
Quantinuum's Nasdaq filing gives investors a new test of whether the post-Cerebras IPO window can absorb long-duration frontier-hardware stories.
STG Logistics cuts debt by $1bn after court backs plan
STG Logistics cut more than $1 billion of funded debt after court approval of its plan, with $25 million of fresh capital due at emergence.
Foreign buyers turn UK discount into $192bn deal surge
Foreign bidders have pushed UK M&A to $192 billion in 2026, but the bigger story is what the surge says about Britain's valuation gap and the pricing power of overseas capital.
Bain Capital Asia fund hits $10.5bn in record close
Bain Capital Asia fund raised $10.5 billion after external investors committed $9.1 billion, bucking a weak regional fundraising market.
Brookfield (BN) falls 4.3% on plan to fold in insurer BNT
Brookfield said it plans to fold Brookfield Wealth Solutions into the parent, a move it says will simplify the group's structure and improve capital efficiency.
NextEra and Dominion explore $400bn utility merger as AI demand rises
Talks reported by Reuters and the Financial Times would create a US utility group worth about $400 billion including debt, pushing AI-era power demand deeper into utility M&A logic.
Arohan files for IPO as India tests demand for lenders
Arohan's ₹600 crore IPO filing offers a read on whether India's public markets will still fund specialist non-bank lenders after a cooler stretch for new issues.
ERock files for IPO as revenue rises 32% on AI power demand
ERock's filing pairs rising revenue with a large contracted backlog, giving investors an early test of appetite for energy infrastructure tied to AI-era power demand.
