Section
Deals
Anthropic's $30 billion round tests the AI IPO endgame
Anthropic's $30 billion round at a valuation above $900 billion shows AI financing is still setting IPO-scale prices before any listing.
BD-Waters merger closes at $18.8bn, BD gets $4bn cash
BD said its Waters combination closed at an $18.8 billion valuation, delivering $4 billion in cash and leaving BD shareholders with 39.2 per cent of the merged company.
TotalEnergies explores sale of 50% stake in European green assets
TotalEnergies is exploring a sale of a 50 per cent stake in 1.2 gigawatts of European wind and solar assets, a move that could raise several hundred million euros.
Estée Lauder ends Puig talks, shares jump 10% on turnaround focus
Estée Lauder shares rose more than 10 per cent after Reuters reported the company and Puig had ended merger talks, leaving management to focus on its Beauty Reimagined turnaround.
IMAX (IMAX) sale talks test appetite for premium cinema assets
IMAX sale talks put a $1.86bn premium cinema asset back in play, highlighting buyer appetite for branded exhibition businesses in a selective deal market.
Hapag-Lloyd bids $4.2bn for ZIM in shipping tie-up
Hapag-Lloyd's $4.2bn bid for ZIM at $35 a share gives investors a 58 per cent premium and turns shipping consolidation into a live M&A test.
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.
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.
SoftBank Surges 20% as OpenAI's IPO Pipeline Starts Pricing Into Related Equities
SoftBank Group shares surged nearly 20 per cent in Tokyo morning trading after reports that OpenAI and SB Energy are preparing US IPOs, proving the anticipated listings are already pricing into related equities weeks before any S-1 filing.
SpaceX IPO filing targets record $1.8tn June debut
SpaceX IPO filing targets a $1.8 trillion valuation and a June Nasdaq debut, with the S-1 showing $4.694 billion of first-quarter revenue.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
