Hawaii-based community bank American Savings Bank has filed for a proposed initial public offering, the bank said in a Monday (Aug. 24) press release. American Savings Bank publicly filed a registration statement on Form S-1 with the Office of the Comptroller of the Currency (OCC), according to the release. The number of...
Nscale, a developer of artificial intelligence (AI) data centers, aims to raise as much as $3 billion in an initial public offering that could take place as soon as September, Bloomberg reported Friday (Aug. 21), citing unnamed sources. Deliberations are ongoing, and the details could change,...
FinTech startup Navi is preparing to launch its initial public offering in India and will seek a valuation of as much as $2 billion, Bloomberg reported Thursday (Aug. 13), citing unnamed sources. Navi aims to raise as much as 30 billion rupees (about $315 million)...
Shein is cooperating with a U.S. Federal Trade Commission (FTC) investigation into the company’s U.S. business operations, it said in a document related to its planning Hong Kong initial public offering and filed with The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission. The company said in the document...
Food supply chain technology company GrubMarket has confidentially submitted a draft registration statement for a proposed initial public offering. The company confidentially submitted the Form S-1 with the Securities and Exchange Commission (SEC), it said in a Tuesday (July 28) press release. “The number of...
Sustainable apparel company Reformation aims to raise up to $239 million when it goes public. The company and its investors plan to market roughly 14 million shares at a range of $15 to $17 apiece, Reformation said in a Monday (July 20) Securities and Exchange...
Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources. Expanding capacity like this is a common move by companies planning an initial public...
Anthropic wants to meet with prospective investors ahead of a potential initial public offering that could take place as soon as October, Bloomberg News reported Wednesday (July 15). Banks leading the offering are scheduling investor meetings in the coming weeks, according to the report, which...
Federal securities regulators are exploring ways to encourage more companies to go public. To that end, the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee said it will hold a meeting this month to examine “ways to modernize public market access and encourage...