Group 1: IPO Details - Brazilian digital bank PicPay has launched its initial public offering (IPO), targeting a valuation of $2.5 billion and seeking to raise up to $434.3 million [1] - The offering consists of approximately 22.9 million Class A common shares, priced between $16 and $19 each [2] - Citigroup, BofA Securities, and RBC Capital Markets are the primary coordinators for the IPO, with several other firms acting as bookrunners and co-managers [3] Group 2: Company Overview - PicPay is Brazil's second-largest digital bank by customer base, focusing initially on instant payments and QR code transactions before expanding its services [3][4] - The platform had over 66 million registered users by Q3 2025, with 42 million active users during that period [4] - For the first nine months of 2025, PicPay reported combined revenue and financial income of 7.3 billion reais (approximately $1.37 billion) and a net profit of 313.8 million reais (around $59 million) [5]

Core Viewpoint - PhonePe, an Indian digital payments company, has received regulatory approval for its initial public offering (IPO), aiming to raise approximately Rs120 billion ($1.35 billion) and complete the listing by mid-2026 [1][2]. Group 1: IPO Details - The IPO approval follows a confidential filing of draft documents with the Securities and Exchange Board of India (SEBI) in September of the previous year [1]. - The planned listing may involve a stake sale by existing shareholders, including Walmart, Microsoft, and Tiger Global [1][2]. - PhonePe is targeting a fundraising of about Rs120 billion ($1.35 billion) through the share sale [2]. Group 2: Company Performance and Market Position - PhonePe was valued at around $12 billion in private funding rounds in 2023 [2]. - The company operates one of India's largest digital payments platforms and holds a leading position on the Unified Payments Interface (UPI), accounting for over 45% of UPI transaction volumes as of December 2025 [3]. - In August 2025, PhonePe processed 9.8 billion out of 21.6 billion UPI transactions, according to data from the National Payments Corporation of India (NPCI) [4]. - PhonePe has over 600 million registered users and provides payment acceptance solutions to nearly 50 million merchants across India [4]. Group 3: Financial Performance - Ahead of the IPO, PhonePe reported a reduction in annual losses, with a net loss of Rs17.2 billion ($189 million) for the financial year ending in March 2025, down from Rs19.96 billion in the previous year [5]. - The company received final authorization from the Reserve Bank of India to operate as an online payment aggregator, allowing it to provide payment aggregation services to merchants under the central bank's regulatory framework [5].

Group 1: IPO Details - Ethos has launched its IPO roadshow, aiming for a valuation of up to $1.3 billion and plans to raise up to $211 million by offering approximately 10.5 million shares [1][2] - The price range for the offering is set at $18–20 per share, with Ethos directly offering 5.1 million shares while investors like Alphabet's GV and General Catalyst will divest around 5.4 million shares [2] - The IPO is being managed by Goldman Sachs & Co. and J.P. Morgan as lead book-runners, with additional support from BofA Securities, Barclays, Citigroup, and Deutsche Bank Securities [5] Group 2: Company Operations - Ethos operates a technology platform that streamlines various aspects of life insurance operations, including distribution, underwriting, activation, payments, and administration [3] - The company's underwriting engine utilizes predictive analytics and data feeds for risk assessment and policy issuance, and it also offers life insurance products along with services related to wills and estate planning [4] Group 3: Use of Proceeds - Funds raised from the IPO will be used to strengthen the company's capital position and support its public listing, with some proceeds allocated to meet tax obligations related to restricted stock units [4][5] - Remaining capital may be used for general business purposes, including potential acquisitions or strategic investments if suitable opportunities arise [5]

Core Viewpoint - Infinite Eagle Acquisition Corp. has successfully closed its initial public offering (IPO) of 30,000,000 units at a price of $10.00 per unit, with each unit comprising one Class A ordinary share and one Eagle Share Right [2][3] Company Overview - Infinite Eagle Acquisition Corp. is a blank check company aimed at executing mergers, share exchanges, asset acquisitions, or similar business combinations with various businesses across different industries and regions [3] - The management team intends to leverage their global relationships and operational experience to identify suitable business combination targets [3] Management Team - The company is sponsored by Eagle Equity Partners VI, LLC, with Harry Sloan and Jeff Sagansky serving as Co-Chairmen, and Eli Baker as the Chief Executive Officer [4] - Ryan O'Connor is the Chief Financial Officer, having previously held the same position at Bold Eagle Acquisition Corp. [4] IPO Details - The IPO was underwritten by Goldman Sachs & Co. LLC, which has a 45-day option to purchase an additional 4,500,000 units to cover over-allotments [5] - The units are listed on the Nasdaq Global Market under the ticker symbol "IEAGU" and are expected to trade separately under "IEAG" for Class A ordinary shares and "IEAGR" for Eagle Share Rights [2][3]

As filed with the Securities and Exchange Commission on January 20, 2026 Registration No. 333-291343 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________ HCM IV Acquisition Corp. (Exact name of registrant as specified in its charter) _________________________ Cayman Islands 6770 98-1883478 (State or other jurisdiction of incorporation or organization) (Pr ...

Good morning. Chickenjoy—its crispy, juicy fried chicken—and Jolly Spaghetti are signature menu items at Jollibee, a Filipino fast-food chain that is building a growing fan base in the U.S. Now, the company is setting its sights on Wall Street. The Philippines-based Jollibee Foods Corporation (JFC), the restaurant’s parent company, disclosed earlier this month that it plans to spin off its international operations and pursue a U.S. initial public offering for that business. The contemplated spin-off and l ...

Company Overview - Ethos Technologies is a life insurance technology company founded in 2016 by Peter Colis and Lingke Wang, aiming to provide life insurance to families across the U.S. through its platform [3] - The company is backed by venture capital firms Accel and Sequoia, and it previously raised $100 million in a funding round from SoftBank at a valuation of $2.7 billion [4] IPO Details - Ethos is targeting a valuation of up to $1.26 billion in its upcoming U.S. initial public offering (IPO) [1] - The company plans to sell 10.5 million shares priced between $18 and $20 each, aiming to raise up to $210.5 million [1] - Ethos will list on the Nasdaq under the symbol "LIFE" [4] Financial Performance - For the nine months ended September 30, Ethos reported a net income of $46.6 million on revenue of $277.5 million, compared to a net income of $39.3 million on revenue of $188.4 million in the same period the previous year, indicating significant growth [4] Market Context - The insurance IPO market reached a 20-year high in 2025, driven by investor interest in companies insulated from economic uncertainties, such as trade wars [2] - Ethos is part of this trend, with its offering including 5.1 million shares from the company and 5.4 million shares from existing shareholders, including Alphabet's venture capital arm GV and General Catalyst [2]

Core Insights - Walmart-backed Indian payments firm PhonePe has received regulatory approval for its stock market listing from the market regulator after confidentially filing for an initial public offering in September [1] Company Summary - PhonePe is preparing for an initial public offering (IPO) after receiving the necessary regulatory approval [1] - The company had previously filed confidentially for the IPO in September, indicating a strategic move towards public market entry [1] Industry Summary - The approval for PhonePe's IPO reflects the growing trend of fintech companies in India seeking to access public capital markets [1] - This development may signal increased investor interest in the Indian payments sector, which has been rapidly evolving and expanding [1]

Core Insights - The excitement for IPOs in 2026 is driven by potential candidates in new sectors, particularly AI, with SpaceX and OpenAI being notable contenders [1][9] Group 1: SpaceX - SpaceX, founded by Elon Musk in 2002, focuses on building rockets from reusable materials to reduce launch costs and aims for lunar and planetary travel [4] - The company has developed low-Earth-orbit satellites for high-speed internet access, with Starlink having 9,357 satellites in orbit and a goal of 42,000 [5] - Reports suggest SpaceX could raise over $30 billion in an IPO, with a potential valuation of $1.5 trillion, following a recent secondary share sale at an $800 billion valuation [6] - Projected revenue for SpaceX is about $15.5 billion in 2025, with Starlink boasting 9 million active users across 155 countries, adding 20,000 users daily [7] Group 2: OpenAI - OpenAI's ChatGPT utilizes large language models for human-like conversations and can generate various forms of content, including images and code [8] - OpenAI is also considering an IPO, with potential valuations exceeding $1 trillion, although the timing remains uncertain [9][10] - ChatGPT is recognized as the fastest-growing consumer application, reaching 800 million active weekly users as of last October [10]

Group 1 - Anchorage Digital is preparing to raise between $200 million and $400 million in funding as it considers a potential IPO next year, indicating renewed interest in public markets for crypto firms [1][8] - The company’s affiliate, Anchorage Digital Bank National Association, is the first federally chartered crypto bank in the U.S., which enhances its competitive edge as regulations around stablecoins and digital assets evolve [2] - Following the GENIUS Act's passage, Anchorage aims to expand its stablecoin team, anticipating increased demand for dollar-backed digital tokens from various financial institutions [3] Group 2 - Anchorage has outlined its growth strategy for 2025, focusing on acquisitions, partnerships, and stablecoin issuance, with a notable collaboration with Tether to launch a U.S.-focused stablecoin [4] - The company offers a comprehensive range of services for institutional clients, including custody, trading, staking, and wealth management, having recently acquired Securitize for Advisors [5] - Anchorage previously raised $350 million in late 2021, valuing the company at over $3 billion, demonstrating its capability to attract significant investment [6] Group 3 - The company's IPO plans align with a broader trend of major crypto firms seeking public listings, reflecting a growing momentum in the crypto industry [7]