Core Viewpoint - The Trump administration is progressing towards an IPO for Fannie Mae (FNMA), aiming for completion by the first quarter of 2026, according to Commerce Secretary Howard Lutnick's comments on CNBC [1]. Group 1: IPO Progress - The administration is "well down the road" to completing the IPO of Fannie Mae [1]. - There is an expectation for something to be accomplished by 1Q26 [1]. Group 2: Uncertainties and Considerations - There is currently no information on how the administration plans to address the Treasury's senior preferred equity interest in Fannie Mae [1]. - The specifics regarding the release of Fannie Mae from conservatorship remain unclear [1]. - It is uncertain whether the focus will be on selling some of the Treasury's interest or raising capital to meet the FHFA's capital targets [1]. Group 3: Market Outlook - Wedbush maintains an Outperform rating on Fannie Mae shares with a price target of $11.50 [1].

Strike CEO Jack Mallers isn’t letting traditional finance shut the door on him. After JPMorgan Chase abruptly terminated his bank accounts in September, the 31-year-old Bitcoin advocate is now heading toward Wall Street, with plans to take one of his companies public. Mallers’ firm, Twenty One Capital announced a key milestone in its merger with Cantor Equity Partners (CEP), a special purpose acquisition company listed on Nasdaq. Jack Mallers, CEO of Strike and Twenty One Capital (Source: Getty Images) ...

Kraken and Deutsche Börse have inked a strategic partnership to bridge traditional and digital markets. They both announced the deal on Dec. 4, highlighting the improvement that their alliance will bring to the financial ecosystem. Kraken noted that the deal is designed to bring TradFi and crypto closer than ever. Kraken and Deutsche Börse Deal Rolls Out in Phases Kraken and Deutsche Börse have decided to complement each other in bridging TradFi and the DeFi system. Together, these entities will be enga ...

Core Viewpoint - The lawsuit against StubHub Holdings, Inc. alleges that the company's IPO documents were misleading by failing to disclose significant adverse trends affecting its Free Cash Flow, which dropped to negative $4.6 million, representing a 143% decline [1] Group 1: Allegations and Financial Impact - The complaint claims that StubHub's Registration Statement and Prospectus did not disclose known trends that were negatively impacting the company's Free Cash Flow [1] - The Free Cash Flow for Q3 2025 was reported as negative $4.6 million, marking a 143% decline from the previous year [1] - Following the earnings news, StubHub's stock fell over 20%, trading as low as 56% below the IPO price of $23.50 [1] Group 2: Legal Issues and Next Steps - The lawsuit focuses on whether the omission of adverse changes in vendor payment timing violated the Securities Act of 1933 [1] - Investors who acquired shares traceable to the IPO and suffered losses are encouraged to contact Hagens Berman for potential compensation [1] - The deadline for investors to move the Court for appointment as lead plaintiff is January 23, 2026 [1]

Core Insights - Anthropic is in discussions to potentially launch one of the largest initial public offerings (IPOs) as early as next year, intensifying its competition with OpenAI in the stock market [1][2] - OpenAI has denied reports of considering an IPO in the near term, with its CFO stating that the company will not list soon [2] - Anthropic has engaged law firm Wilson Sonsini and investment banks to explore the IPO, while also hiring former Airbnb executive Krishna Rao, who has IPO experience [1][3] Company Developments - Anthropic has received significant investments, including up to $5 billion from Microsoft and $10 billion from Nvidia, valuing the company at approximately $350 billion [3] - The company announced a $50 billion AI infrastructure expansion, including new data centers in Texas and New York, and plans to triple its overseas workforce [5] Market Context - An IPO from either Anthropic or OpenAI would test investor confidence in the AI sector, which some industry leaders believe may be overvalued [4] - Executives from major financial institutions have predicted a downturn in global stock markets over the next two years, raising concerns about the sustainability of tech valuations [4]

Core Viewpoint - Wealthfront is preparing for an initial public offering (IPO) aiming for a valuation of up to $2.05 billion and plans to raise $485 million by offering shares priced between $12 and $14 each [1][2]. Group 1: IPO Details - Wealthfront will issue 21,468,038 shares, while existing stockholders will offer 13,147,346 shares, with the company not receiving proceeds from the latter [2]. - The IPO is contingent upon the effectiveness of the registration statement filed with the SEC, and no sales will occur until it is effective [2]. - Underwriters have a 30-day option to purchase an additional 5,192,308 shares at the IPO price, minus underwriting discounts and commissions [3]. Group 2: Underwriters and Management - Goldman Sachs & Co and JP Morgan are the lead book-running managers for the IPO, with Citigroup, Wells Fargo Securities, and RBC Capital Markets as active book-running managers [3]. - Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and KeyBanc Capital Markets are acting as co-managers for the offering [3]. Group 3: Company Background - Founded in 2008, Wealthfront is a technology-driven financial platform that provides investing, borrowing, cash management, and financial planning solutions [4]. - The company utilizes automation to deliver low-cost diversified portfolios and aims for rapid and convenient service delivery [4]. - In January 2022, UBS intended to acquire Wealthfront for up to $1.4 billion in cash, but the deal was mutually terminated later that year [4].

Company Overview - Manipal Health Enterprises Pvt. is planning to file for a $1 billion initial public offering (IPO) in January, aiming for a valuation of up to $13 billion, which would make it the largest listing by a hospital operator in India [1][9] - The IPO will include a fresh issue of shares and an offer for sale by existing investors, with final details subject to change as discussions are ongoing [1][9] - The company is backed by Singaporean state-owned investor Temasek Holdings Pte. and has rapidly expanded through acquisitions, including the recent purchase of Sahyadri Hospitals Pvt. [4][9] Market Position - If successful, Manipal may become the most valuable healthcare operator in India, currently held by Max Healthcare Institute Ltd. with a market capitalization of approximately $12 billion [4][9] - The offering reflects a growing investor appetite for healthcare platforms in India, indicating a positive trend in the sector [4][9] Financial Backing - In June, KKR provided $600 million in financing to support Manipal's growth plans, highlighting the financial backing and confidence in the company's expansion strategy [6][9] - The company is working with several advisers, including Kotak Mahindra Capital Co., Axis Bank Ltd., and local units of Goldman Sachs, JPMorgan Chase, and Jefferies Group on the potential sale [9]

Manipal Health Enterprises Pvt. is planning to file for a $1 billion initial public offering in January, according to people familiar with the matter, setting the stage for the biggest such listing by a hospital operator in India.The company is targeting a valuation of as much as $13 billion, the people said, asking not to be identified because the information is private. The IPO will comprise a fresh issue of shares as well as an offer for sale by existing investors, they said, adding that final details ma ...

Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of mainland Chinese companies tapping into the city's buoyant capital market. The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on Wednesday. About 10 pe ...

Dec 2 (Reuters) - Anthropic, the artificial intelligence startup backed by Alphabet's Google and Amazon.com, has hired the law firm Wilson Sonsini to prepare for an initial ​public offering that could take place as early as 2026, the Financial Times ‌reported on Tuesday. An IPO would give the company, which operates the AI chatbot Claude, a more efficient way to ‌raise capital and provide leverage for bigger acquisitions through public stock. The move comes as AI adoption gains pace, driven by higher ente ...