Chinese artificial intelligence (AI) startup MiniMax reportedly aims to raise over $600 million in an initial public offering (IPO) in Hong Kong. The company may start taking investor orders as early as Wednesday (Dec. 31) for a listing in January, although the size and timing...
Cryptocurrency exchange HashKey is set to raise $206 million after pricing its initial public offering, Reuters reported Monday (Dec. 15), citing an unnamed source. HashKey, founded in 2018, is Hong Kong’s largest licensed crypto exchange, the report said. Its other services include asset management, brokerage...
Anthropic is taking early-but-consequential steps toward a potential IPO that could arrive as soon as 2026. It’s a timeline that, if it holds, would put one of the most important generative AI vendors used across financial services onto public-market footing ahead of rival OpenAI. For...
South Korean cryptocurrency exchange Upbit is reportedly considering launching an initial public offering on Nasdaq once it completes a merger with South Korean internet firm Naver. CoinDesk reported these plans Monday (Nov. 24), citing multiple media reports. Upbit did not immediately reply to PYMNTS’ request...
The Securities and Exchange Commission (SEC) is reportedly prioritizing companies’ registration statements for initial public offerings and other ways to raise money as it tries to catch up on the work that was left undone during the government shutdown. The regulator has put routine reviews...
Hong Kong-based travel platform Klook is preparing to go public in the U.S. The company submitted a filing for its initial public offering (IPO) with the Securities and Exchange Commission (SEC) Monday (Nov. 10), noting a 24.4% increase in revenue last year. The filing was...
Rakuten is reportedly considering an American initial public offering (IPO) for its credit card business. The Japanese eCommerce/finance conglomerate began weighing the IPO last month, Reuters reported Wednesday (Oct. 15), citing two sources familiar with the matter. One of these sources says the company’s decision was sparked by...
Mobile banking app PicPay reportedly aims to raise $500 million in a U.S. initial public offering that could happen as soon as this year. The company is working with banks on a potential listing, though the deliberations are ongoing and the size and timing of...
American regulators are making it easier for companies to go public during the government shutdown. The last time there was a government shutdown, in October 2023, companies scrambled to get their initial public offerings (IPOs) off the ground. Businesses are typically blocked from listing on...