OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic
OpenAI announced it has filed a confidential S‑1, joining Anthropic and SpaceX in a race toward potential trillion‑dollar IPOs. The company recently raised $122 billion in a private round and now eyes public markets despite ongoing losses and a complex nonprofit ownership structure. While timing remains undecided, the filing gives OpenAI flexibility to go public sooner if market conditions improve. Legal hurdles have cleared after a judge dismissed Elon Musk’s lawsuit over the firm’s mission shift.
CapVest-Backed Second Nature Brands to Acquire Meat Snacks Brand Tillamook
Second Nature Brands, a CapVest‑backed snack company, announced plans to acquire Tillamook’s meat‑snacks business. The transaction involves sellers Insignia Capital Group and Tillamook family shareholders. By adding Tillamook’s jerky and meat‑based products, Second Nature expands beyond its plant‑focused portfolio into...
Bending Spoons IPO: Mysterious Owner of Vimeo, AOL, and Eventbrite Files for Stock Market Debut
Italian tech conglomerate Bending Spoons filed for a U.S. initial public offering, seeking to list its portfolio of high‑profile digital brands such as AOL, Vimeo and Eventbrite. The company reported $1.31 billion in revenue for 2025, a more than three‑fold jump...
TSG Consumer-Backed Cadogan Tate Acquires Luxury Moving and Design Logistics Firm FLD
Cadogan Tate, backed by TSG Consumer Partners, announced the acquisition of FLD, a luxury moving and design‑logistics firm serving ultra‑high‑net‑worth residential and interior‑design clients. The deal expands Cadogan Tate's service portfolio into high‑end relocation and white‑glove logistics, complementing its existing...
JFC Mulls Options for Listing of International Business
Jollibee Foods Corp. (JFC) is reassessing how to list its international business, weighing a U.S. exchange against a potential Hong Kong debut. The company previously announced a spinoff plan in January, citing market conditions and regulatory approvals. Executives say the move...
SEBI Reviews Broker Net-Worth Norms, Weighs IPO Auction Reforms
The Securities and Exchange Board of India (SEBI) is overhauling broker capital requirements, moving to variable net‑worth rules that reflect a firm’s scale and risk profile. It is also revisiting the pre‑open call‑auction mechanism for IPOs and relisted securities to...
Intesa’s €30.6bn Offer for Monte Dei Paschi Would Create Europe’s Second-Largest Bank
Italy's largest bank, Intesa Sanpaolo, launched a €30.6 bn ($33.4 bn) cash‑and‑share offer for Monte dei Paschi di Siena, valuing the historic lender at €27.4 bn ($29.9 bn) with a 12.5% premium. The transaction would create the eurozone's second‑largest bank by market value, trailing...
Spacecraft Maker Quantum Space Is Going Public Through a $1.2 Billion SPAC Merger
Quantum Space announced a $1.2 billion SPAC merger with Inflection Point Acquisition Corp. VI, including a $300 million private investment at $12 per share and $253 million held in trust. The deal values the company at $600 million pre‑money, leaving existing shareholders with roughly 50%...
Magnora Takes Data Center Business Public
Magnora Data Center ASA listed on Euronext Growth Oslo after a NOK 650 million ($68.6 million) private placement. The oversubscribed raise will fund existing and new low‑carbon data‑center projects across Europe, adding to a 585 MW development portfolio and a 2.7 GW pipeline. Magnora retains...
French Telcos Strike €20.4B Deal to Buy Altice's SFR
Bouygues Telecom, Iliad and Orange have signed a €20.35 billion (US$23.4 billion) memorandum to acquire Altice France’s SFR, a deal that could reshape the French telecom market. The consortium will split SFR’s assets, with Bouygues taking the largest share, Iliad inheriting the...
Eventbrite and Vimeo Owner Bending Spoons Files to Go Public
Italian app studio Bending Spoons, owner of recent acquisitions such as Eventbrite, Vimeo and WeTransfer, has filed for a U.S. IPO. The company reports over 500 million monthly active users and 9 million paying customers, with $1.31 billion in annual revenue and a...
Bending Spoons, the Milan Firm Behind Evernote and Vimeo, Files for a US IPO
Milan‑based Bending Spoons has filed a Form F‑1 to list on Nasdaq under the ticker BSP, targeting a roughly $20 bn valuation—almost double its price eight months earlier. The company projects revenue of $1.31 bn in 2025, up from $671 mn in 2024, reflecting...
Altice Agrees SFR Sale to Orange, Bouygues and Free
Altice has agreed to sell France's SFR to Bouygues, Iliad and Orange, splitting the operator into 42%, 31% and 27% stakes respectively. The enterprise value remains the same as the April proposal, with potential adjustments via a €650 million earn‑out and...
Hg-Backed Gen II Weighs Potential $6bn Sale
New York‑based Gen II Fund Services, backed by Hg and General Atlantic, is weighing a sale that could value the firm at up to $6 billion. The company administers more than $1.5 trillion in assets for roughly 14,000 fund entities across private...
Dual Track Processes, IPO Readiness in Vogue, Says Alvarez & Marsal; Sharp Reduction in Dealmaking, Finds Bain & Co Midyear...
Alvarez & Marsal says dual‑track processes—running a sale auction while testing IPO readiness—are becoming the preferred exit strategy for many owners. Clients want to compare private‑buyer bids with public‑market valuations before committing. Meanwhile, Bain & Company’s mid‑year report shows a sharp slowdown...