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Kraken in Strategic Investor Talks at $20 Billion Valuation
Yahoo Finance· 2025-09-26 20:16
Kraken is in advanced talks to raise new funding that could value the crypto exchange at about $20 billion, as the company steps up capital-raising efforts ahead of a potential public listing. Most Read from Bloomberg The funding, which is not yet finalized and remains subject to market conditions, would consist of a $200 million to $300 million commitment from a strategic investor, according to a person familiar with the discussions who declined to be named citing confidentiality. It would follow Krake ...
Ethos Files Registration Statement for Proposed Initial Public Offering
Globenewswire· 2025-09-26 17:50
AUSTIN, Texas, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Ethos, a leading life insurance technology company on a mission to democratize access to life insurance, today announced that it filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Ethos intends to list its Class A common stock ...
American Exceptionalism Acquisition Corp. A Announces Pricing of Upsized $300,000,000 Initial Public Offering
Prnewswire· 2025-09-25 22:05
Company Overview - American Exceptionalism Acquisition Corp. A has priced its upsized initial public offering (IPO) of 30,000,000 Class A ordinary shares at $10.00 per share, with shares set to trade on the NYSE under the ticker symbol "AEXA" starting September 26, 2025 [1] - The company is led by Chamath Palihapitiya, founder and Managing Partner of Social Capital, and aims to engage in mergers, amalgamations, share exchanges, asset acquisitions, and similar business combinations with businesses in the energy production, artificial intelligence, decentralized finance, and defense sectors [2] Offering Details - Santander is acting as the sole book-running manager for the IPO, and the company has granted underwriters a 45-day option to purchase an additional 4,500,000 Class A ordinary shares at the IPO price to cover over-allotments [3] - The offering is being conducted solely through a prospectus, which will be available for free from the SEC website or through Santander US Capital Markets LLC [4] Regulatory Information - The registration statement for the securities became effective on September 25, 2025, and the press release does not constitute an offer to sell or solicit an offer to buy these securities in any jurisdiction where such actions would be unlawful prior to registration [4]
Citi to turn to more minority investors after Banamex stake sale
Reuters· 2025-09-25 21:49
Core Viewpoint - Citigroup is seeking additional minority investors for its Mexican retail unit, Banamex, prior to a potential initial public offering (IPO) [1] Group 1 - Citigroup's executives announced the strategy to attract more minority investors for Banamex [1] - The move is part of the preparations for a potential IPO of the retail unit [1]
Megan Holdings Limited Announces Pricing of $5 Million Initial Public Offering
Globenewswire· 2025-09-25 20:55
Group 1 - Megan Holdings Limited, a Malaysia-based company, is engaged in the development, construction, and maintenance of aquaculture farms and related works [6] - The company has priced its initial public offering (IPO) at US$4.00 per ordinary share, offering 1,250,000 shares, with an additional option for underwriters to purchase up to 187,500 shares [1][2] - The IPO is expected to generate gross proceeds of US$5 million, which will be allocated for sales and marketing, expansion through mergers and acquisitions, development of a "Smart Farming System," and general working capital [2] Group 2 - The offering is being conducted on a firm commitment basis, with D. Boral Capital LLC acting as the sole book-running manager [3] - The registration statement for the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on September 22, 2025 [4] Group 3 - Since its inception in 2020, the company has positioned itself as a trusted provider of shrimp farm maintenance services in Malaysia, including the development of a shrimp hatchery center and a 111-acre shrimp farm [6]
X @Bloomberg
Bloomberg· 2025-09-25 20:14
The list of companies to tumble after a sizable US initial public offering has a new headline member: StubHub https://t.co/xH5b6TyOo0 ...
HCI Group Announces Public Filing of Registration Statement for Proposed Initial Public Offering of Subsidiary, Exzeo Group, Inc.
Globenewswire· 2025-09-25 13:15
Core Viewpoint - HCI Group, Inc. has announced that its subsidiary, Exzeo Group, Inc., has filed a registration statement for a proposed initial public offering (IPO) of its common stock, with details on the number of shares and price range yet to be determined [1] Group 1: IPO Details - The offering is subject to market conditions, and there is no assurance regarding the completion, size, or terms of the offering [1] - Truist Securities, Citizens Capital Markets, and William Blair are acting as joint book-running managers, while Fifth Third Securities is a co-manager for the offering [2] Group 2: Registration Statement - A registration statement on Form S-1 has been filed with the SEC but has not yet become effective, meaning the securities cannot be sold or offers accepted until it is effective [4] Group 3: Company Overview - HCI Group is a holding company with two operating units: one includes insurance companies and a reinsurance company, while the other, Exzeo Group, focuses on insurance technology using advanced algorithms and data analytics [5] - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [6]
Drugs Made In America Acquisition II Corp. Announces Pricing of $500,000,000 Initial Public Offering
Globenewswire· 2025-09-25 10:43
Company Overview - Drugs Made In America Acquisition II Corp. is a blank check company incorporated in the Cayman Islands, aimed at effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5] - The company has not selected any specific business combination target and has not engaged in substantive discussions with any potential targets [5] - The company intends to focus its search for businesses in the pharmaceutical industry, aiming to mitigate risks in the U.S. medical supply chain by investing in companies that reduce reliance on concentrated geographic production of pharmaceuticals [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 50,000,000 units at $10.00 per unit, with units expected to trade on Nasdaq under the ticker symbol "DMIIU" starting September 25, 2025 [1] - Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of an ordinary share upon the consummation of an initial business combination [1] - The offering is expected to close on September 26, 2025, subject to customary closing conditions [1] - Underwriters have a 45-day option to purchase up to an additional 7,500,000 units to cover over-allotments [1] Legal and Regulatory Information - A registration statement on Form S-1 relating to these securities has been filed with the SEC and was declared effective on September 24, 2025 [3] - The offering is being made only by means of a prospectus, which can be obtained from Cantor Fitzgerald & Co. or the SEC website [3]
Emmis Acquisition Corp. Announces the Pricing of $100,000,000 Initial Public Offering
Globenewswire· 2025-09-25 00:20
Company Overview - Emmis Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [3] - The company may pursue acquisition opportunities across various industries, focusing on industrial and business services, manufacturing, transportation, distribution, and technology sectors [3] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit, with trading expected to begin on September 25, 2025, under the ticker symbol "EMISU" [2] - Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the consummation of an initial business combination [2] - An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering, which is expected to close on September 26, 2025, subject to customary closing conditions [2] - The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments [2] Management Team - The management team is led by Peter Goldstein, Chief Executive Officer and Director, and David Lowenstein, Chief Financial Officer and Director [4] - The Board includes Anna C Mallon, Low Koon Poh, and Seth Farbman [4] - I-Bankers Securities, Inc. and IB Capital LLC are acting as book-running managers for the offering [4]
X @Bloomberg
Bloomberg· 2025-09-24 02:04
Zijin Gold has delayed its $3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a standstill and disrupting the company’s ability to take orders for its initial public offering https://t.co/IB3nf7yB2z ...