Today's Investment Banking Pulse
SpaceX debuts at $150 a share, marking the largest U.S. IPO ever
SpaceX opened at $150 per share on its historic debut, valuing the rocket maker at roughly $1.75 trillion and raising about $86 billion. The underwriters' fee pool is projected at $646 million, with Goldman Sachs serving as lead left underwriter. The offering pushed Elon Musk’s net worth past $1 trillion.
TeraWulf Eyes Leveraged Loans After Data Center Bond Market Win
Data‑center operator TeraWulf, fresh from a $3.2 billion high‑yield bond sale, is now weighing leveraged‑loan financing for its AI‑infrastructure expansion. CFO Patrick Fleury said the firm is working with Morgan Stanley and other banks to structure loan products, though the next deal may still be a bond. The move follows CoreWeave’s $3.1 billion leveraged‑loan transaction, which attracted $19 billion of investor orders and highlighted demand from CLO investors. A Google guarantee on the earlier bond and a new high‑performance computing site in Eastern Kentucky underline TeraWulf’s shift from crypto mining to mainstream data‑center services.
Elon Musk to Become World’s First Trillionaire with SpaceX Debut
SpaceX announced plans for an initial public offering that could raise $75 billion, the largest IPO ever. The company will sell 555,555,555 shares at $135 each, valuing Elon Musk’s 42% stake at roughly $866.5 billion. At that valuation, Musk would become the...
Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO
SpaceX’s underwriters Goldman Sachs and JPMorgan have barred investors from China and Hong Kong, citing regulatory and compliance concerns. The company plans to sell about 555.6 million shares at $135 each, raising roughly $75 billion and valuing the firm near $1.8 trillion. JPMorgan...
SpaceX (SPCX) IPO Deck
SpaceX released an IPO presentation on June 5, 2026, signaling its intent to go public. The deck highlights the company’s core businesses—reusable launch vehicles, the Starlink satellite broadband network, and emerging aerospace AI applications. It outlines revenue growth, cost efficiencies from reusability,...
Elon Musk Needs the Cultish Support of Everyday Investors to Pull Off The...
SpaceX is planning an unprecedented initial public offering that earmarks up to 30% of its shares for retail investors. Analysts estimate that everyday investors could buy as much as $23 billion worth of stock when the offering launches next week. Elon...
Weekly Wrap: SpaceX IPO vs Spectrum Reality
SpaceX plans to list on Nasdaq by offering less than 5% of its equity, with 30% of those shares earmarked for retail investors—a stark contrast to the typical 10% allocation. A new Nasdaq fast‑track rule will force Nasdaq‑100 index funds...
Jade Biosciences Raises $150 Million in Equity Offering at $15 per Share
Jade Biosciences completed a $150 million public equity offering of 10 million shares at $15 each, with an additional 1.5 million‑share over‑allotment option. The proceeds will fund its Phase 2 trial of JADE101 and other R&D initiatives, underscoring strong investor demand for biotech capital.
SpaceX Sets $135 Share Price for $1.77 Trillion IPO, Sparking Mega‑Cap Wave
SpaceX will price its initial public offering at $135 per share, targeting a $1.77 trillion market cap and a $125 billion capital raise, the largest U.S. listing ever. The move fuels speculation that other AI‑centric unicorns such as Anthropic could follow with...
Pershing Square to Pocket $600 Million From Universal Music Exit After Rejected Takeover
Bill Ackman's Pershing Square Capital Management is set to sell its remaining 80.6 million Universal Music Group shares in an overnight block trade that should raise more than $1.5 billion and deliver at least $600 million in profit. The exit follows Universal’s board...
Google Secures $60 Billion Municipal‑Type Bond Issue for West Memphis Data Center
Google has locked in a $60 billion municipal‑style bond issuance approved by West Memphis City Council, financing up to $10 billion in real‑estate and $50 billion in equipment for its new data‑center complex. The deal, the largest corporate‑linked bond of the day, underscores...
Anthropic Files Confidential S‑1 as AI IPO Wave Gains Speed
Anthropic submitted a confidential S‑1 to the SEC on June 1, positioning the Claude‑maker for one of the largest AI IPOs ever. Valued at roughly $965 billion and reporting $47 billion in annualized revenue, the filing underscores the flood of capital chasing generative‑AI...
Atom Financial Services Group Acquires Sirius Capital, Launches Global Investment Banking Platform for Promoters Across India, the UAE and Singapore
Atom Financial Services Group completed its acquisition of UAE‑based Sirius Capital and launched Atom Investment Banking, a conflict‑free advisory platform for promoter‑led businesses in India, the UAE and Singapore. The new unit consolidates wealth management, investment banking, insurance broking and...
Navios Maritime Stacks Shelf with $500m Securities Sale Filing
Navios Maritime Partners, the US‑listed Greek shipping firm, has filed a shelf registration prospectus authorizing the issuance of up to $500 million in common units or other securities. The filing gives the company flexibility to raise capital on a “when‑needed” basis...
Hut 8 Corp. Prices $4.25 Billion Senior Secured Notes for Texas Data‑Center Build
Hut 8 Corp.’s subsidiary Beacon Point DC LLC priced a $4.25 billion senior secured note offering at 6.129% interest, due 2042. The fully amortizing, non‑recourse financing will fund a 352‑megawatt data‑center on a 521‑acre Texas site, underscoring the growing role of investment...
TPG, Oaktree, Oak Hill Lead €1 Billion Debt for Evoke Buyout
Private lenders TPG Credit, Oaktree Capital and Oak Hill Advisors are leading a €1 billion ($1.2 billion) debt package to fund Bally’s Intralot’s acquisition of UK gambling operator Evoke Plc. The consortium also includes Man Group, Schonfeld Strategic Advisors and Shenkman Capital,...
Ramp Secures $750M Series F, Valuing Fintech SaaS at $44B
Ramp announced a $750 million Series F round that pushes its valuation to $44 billion, nearly tripling its worth in a year. The fintech expense‑management platform now reports over $1 billion in annualized revenue, 70,000 customers and a growing AI‑enabled product suite.
Euronext Launches MyEuronext Digital Platform as Single Access Point for Companies Seeking Listing
Euronext has rolled out the MyEuronext Digital Platform, a unified online gateway for companies and advisors seeking a listing across its pan‑European markets. The launch coincides with the EU Listing Act, which lowers the prospectus threshold to €12 million (about $13 million)...
Interactive Brokers UK Offers Eligible Clients Access to Space Exploration Technologies Corp IPO
Interactive Brokers (U.K.) Limited announced that eligible UK‑based, tax‑resident clients can apply for the Space Exploration Technologies Corp (SpaceX) initial public offering via its IBKR platform. The IPO subscription window runs from 4 June to 6 PM on 10 June 2026, with allocations subject...
JPMorgan Signs Carbon Removal, Financing Deal with Charm Industrial
JPMorgan Chase has signed a second carbon‑removal offtake with Charm Industrial, agreeing to buy 61,500 metric tons of CO₂ removal credits generated from the firm’s U.S. bio‑oil projects. The deal also includes a $20 million venture‑debt facility to help Charm expand...
Ares-Backed LaserAway Weighs Sale in Deal that Could Exceed $2bn
LaserAway, the Los Angeles‑based medspa chain backed by Ares Management and Seidler Equity Partners, is weighing a sale that could value the business at more than $2 billion. The company, which now operates 219 clinics nationwide and produces roughly $150 million in...
Fraud More Common in M&A than Ever Before, Says Aon; Apollo Withdraws $2bn Bid for Bodycote
Aon’s latest M&A risk report shows fraud incidents at historic highs, rising 45% year‑over‑year. The surge is linked to accelerated deal timelines and increased use of virtual data rooms. In parallel, private‑equity firm Apollo Global Management pulled its $2 billion offer...
Bodycote Slides 9% as Apollo Pulls Bid
Takeover pullback: Bodycote -9.4% after Apollo withdraws. Macro: M&A volatility. Key: bid collapse vs board’s standalone case. Risk: execution. Trading: reduce exposure on weakness. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Nio's Battery Operator Mirattery Continues Asset Securitization Push with New ABS Issuance
Mirattery, the battery‑asset manager for Nio, launched a new green asset‑backed securities (ABS) tranche on the Shenzhen Stock Exchange, raising 1 billion yuan (≈ $148 million). The issuance is part of a 3 billion yuan (≈ $443 million) shelf‑registration quota, the exchange’s first green sci‑tech power‑battery...
AllianzGI in Exclusive Talks to Buy UOB Asset Management: Sources
Allianz Global Investors is in exclusive talks to acquire UOB Asset Management for up to S$600 million (approximately $444 million). The Singapore bank’s unit manages about S$41 billion ($30 billion) in assets across Southeast Asia. Rival bidders such as Amundi, KKR and Temasek’s Seviora...
India Plans up to 2% Stake Sale in Hindustan Zinc via OFS, May Raise $525 Million
India’s finance ministry is preparing to sell up to a 2% stake in Hindustan Zinc Ltd. via an open‑offer, a deal that could fetch as much as 50 billion rupees (about $525 million). The transaction is slated for later this month or...
Hargreaves Lansdown Offers Fee-Free Access to SpaceX IPO
Hargreaves Lansdown has secured an exclusive agreement to offer the SpaceX initial public offering to UK retail investors with zero dealing or foreign‑exchange fees. The platform, which administers roughly $254 billion in assets for two million clients, will accept applications from 4 June until...
William Hill Owner Evoke Agrees to £243 Million Takeover by Bally’s Intralot
Evoke, the owner of UK betting giant William Hill, has agreed to be acquired by Bally’s Intralot for £243 million (approximately $309 million). The transaction will consolidate Bally’s U.S. casino expertise with Intralot’s European gaming technology platform. As part of the integration,...
Keel Infrastructure Announces Pricing of Upsized $400 Million of Convertible Senior Notes
Keel Infrastructure Corp. priced a $400 million 1.250% convertible senior note offering due 2032, up from a previously announced $350 million size. Initial purchasers have a 13‑day option to buy up to an additional $58 million, potentially raising the total to $458 million. The...
Broker Agreement
Endeavour Mining Plc has re‑entered an Automatic Share Purchase Plan (ASPP) with its broker to support its Normal Course Issuer Bid (NCIB) that began on 24 March 2026 and runs until 23 March 2027. The ASPP allows the company to buy back ordinary shares...
ACME Solar Raises ₹2,800 Crore Through QIP to Strengthen Balance Sheet
ACME Solar Holdings completed a ₹2,800 crore Qualified Institutional Placement, raising roughly $337 million—the company’s first equity capital raise since its 2024 IPO. The QIP attracted a mix of domestic mutual funds, insurers and prominent foreign investors such as BlackRock and Goldman Sachs....
Restructuring Venezuela’s Sovereign Debt and Rebuilding Its Economy Post-Maduro
Investors cheered the early‑January U.S. capture of Nicolás Maduro, sending Venezuela sovereign and PDVSA bonds sharply higher as a debt‑restructuring window seemed to open. The government has now announced a formal restructuring process and hired external advisers, but the country...
United Airlines Raises $2 Billion in Unsecured Bonds and Cuts $3.1 Billion of Debt in Q1
United Airlines issued $2 billion of unsecured bonds, slashed $3.1 billion of debt and generated $2.9 billion of free cash flow in the first quarter, while operating revenue rose 10.6% to $14.6 billion. The moves bolster the carrier’s balance sheet ahead of higher fuel...
PaXini Tech Eyes Hong Kong IPO Backed by BYD and JD.com
PaXini Tech, the Chinese robotics firm known for dexterous robotic hands and humanoid platforms, is weighing a Hong Kong initial public offering. Backed by electric‑vehicle giant BYD and e‑commerce powerhouse JD.com, the company is already in talks with banks and...
IPOs, Huawei Plan Add to China’s $900 Billion Chip Stock Boom
China’s semiconductor sector, now valued at roughly $900 billion, is gearing up for a wave of high‑profile IPOs, headlined by Huawei’s anticipated listing. The influx of capital is driven by soaring AI demand and a national push for domestic chip design...
Oyo Parent Secures SEBI Nod for $800 Million IPO, Underwriters Include Goldman Sachs and Citi
Prism, the holding company behind Oyo, received SEBI approval to raise ₹6,650 crore (about $800 million) in a fresh public offer. The deal, slated for filing in the next six to eight weeks, is being underwritten by a consortium that includes Goldman...
Correction: Keystone Acquisition Corp. Announces Closing of $287.5 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option
Keystone Acquisition Corp. closed its initial public offering on June 4, 2026, selling 28.75 million units at $10.025 each, including 3.75 million units issued through the underwriters’ over‑allotment option. The IPO generated $287.5 million, and a concurrent private placement of 8.47 million warrants added $8.47 million in...
Alphabet Launches $80 Billion Secondary Stock Sale, the Largest Ever Equity Offering
Alphabet announced an $80 billion secondary stock offering, the biggest equity raise in history. The plan includes a $30 billion public underwritten tranche, a $40 billion at‑the‑market program, and a $10 billion private placement to Berkshire Hathaway. Proceeds will fund AI infrastructure, while the...
Gilead Sciences and Lakefront Complete Acquisition of Ouro Medicines to Further Expand Inflammation Pipeline
Gilead Sciences and Lakefront Biotherapeutics have completed Gilead’s $1.675 billion acquisition of Ouro Medicines, adding the BCMA×CD3 T‑cell engager gamgertamig to Gilead’s inflammation portfolio. The drug, which holds FDA Fast Track and Orphan designations for autoimmune hemolytic anemia and immune thrombocytopenia,...
Semble Secures £30M Series C
Semble, a London‑based health‑tech firm, closed a £30 million (≈$38 million) Series C round led by European growth investor Revaia. New investor Partech joined existing backers Mercia Ventures and Octopus Ventures, boosting Semble’s capital to scale its connected‑care platform across Europe. Cooley LLP...
DNOW Clears Stockholder and Antitrust Hurdles in MRC Global Merger
DNOW announced that it has obtained both stockholder approval and antitrust clearance under the Hart‑Scott‑Rodino process for its merger with MRC Global. The milestone removes the biggest external uncertainty and moves the deal into the integration phase, where cost‑saving targets...
Kenyan Dynasties Set to Pocket $170 Million as Nedbank Secures 66% of NCBA
The Kenyatta and Ndegwa families have signed irrevocable commitments to sell their NCBA Group shares to South Africa's Nedbank, netting a combined payout of roughly $170 million. The transaction gives Nedbank a 66 percent controlling stake in one of East Africa’s largest...
Quantinuum Raises $1.68 Billion in US IPO, the Largest Quantum‑Computing Listing to Date
Quantinuum, the Honeywell‑Cambridge Quantum spin‑off, completed a $1.68 billion U.S. IPO by selling 28 million shares at $60 each. The offering, led by J.P. Morgan and Morgan Stanley, makes Quantinuum the biggest quantum‑computing debut and positions it for rapid scaling amid growing market enthusiasm.
Generational Group Advises Delta Waves, Inc. In Its Sale to Doctors, Inc.
Generational Group announced the closing of Delta Waves, Inc.'s sale to Japan‑based Doctors, Inc. on December 9, 2025. Delta Waves, a Colorado‑based multi‑specialty medical group with Phase II‑IV clinical research centers, will become part of Doctors’ digital‑health platform ecosystem. The...
OneMain Financial's Latest Consumer Loan Pool Raises $500 Million
OneMain Financial has launched the OneMain Financial Issuance Trust, series 2026‑1, issuing $500 million of asset‑backed securities backed by a pool of 59,341 non‑revolving consumer loans. The new pool reduces unsecured loan exposure to 55% and tilts toward A and B risk‑tier...
Summer Camp Empire Stopped Making Payments Shortly After $195M Raise in Israeli Bond Market
The Shabsels brothers, owners of roughly 30 Northeastern summer camps, closed a $195 million Israeli bond deal in December, securing the debt with 13 camps as collateral. In late May they missed a payment and transferred $34 million to companies they control,...
SpaceX’s Full IPO, Aimed at Raising $86 Billion
SpaceX filed a full SEC prospectus to launch an IPO that would sell 555.6 million shares at $135 each, targeting roughly $75 billion in primary proceeds and an additional $11 billion from existing investors for a total of $86 billion. The offering would value...
The IPO Buzz: INNIO (INIO) Jumps in NASDAQ Debut After Big Upsizing
INNIO Holding debuted on Nasdaq at $31 per share, a 14.8% premium over its $27 IPO price, after upsizing the offering to 90 million shares and raising roughly $2.43 billion. The secondary‑sale IPO, led by Goldman Sachs, J.P. Morgan and Morgan Stanley,...
Jefferies Reiterates Buy Rating on Global-E Online (GLBE)
Jefferies reaffirmed its Buy rating on Global‑E Online (GLBE) and kept a $40 price target after the company announced a definitive agreement to acquire Passport Global. The acquisition brings advanced, asset‑light shipping solutions and stronger return capabilities, expanding GLBE’s total...
Global Jet Raises $659 Million in Aviation ABS
Global Jet Capital has launched a $659 million asset‑backed securities program, BJETS 2026‑1, backed by lease and loan payments on 28 business‑jet aircraft. The deal, managed by Morgan Stanley, issues three tranches—Class A, B and C—with a June 2032 anticipated repayment and a final maturity in...
Databricks CEO Calls 2026 “a Terrible Year to Go Public” As SpaceX, Anthropic, and OpenAI Prepare to Absorb $200 Billion...
Databricks CEO Ali Ghodsi says 2026 is a terrible year to go public as SpaceX, Anthropic and OpenAI prepare IPOs that could raise over $200 billion. The three AI‑centric listings, valued at roughly $1.77 trillion, $965 billion and up to $1 trillion respectively, will...