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Nvidia-backed Cohesity eyes 2026 IPO with valuation rivaling $17 billion Rubrik
CNBC· 2025-09-04 07:46
Core Insights - Cohesity, a data security firm, is planning for a potential initial public offering (IPO) in 2026, aiming for a valuation comparable to its $17 billion competitor Rubrik [1] - The company previously postponed its IPO plans in 2021 to complete a merger with Veritas' data protection unit, which was finalized in December 2024, valuing the combined entity at over $7 billion [2] - The merger has positioned Cohesity as the largest data protection software provider, increasing its market share from 5% to 19%, surpassing Veritas [4] Company Strategy - CEO Sanjay Poonen emphasized the importance of becoming a market leader before going public, stating that the goal was to be the "biggest fish" in a competitive landscape [3] - The company is preparing for an IPO once it can present a full financial year's results as a combined entity, potentially as early as 2026 [4][5] Market Position - The merger with Veritas has allowed Cohesity to lead in a fragmented industry, with a significant increase in market share [4] - Cohesity's financial year ends in August, which may influence the timing of its IPO, with a possibility of waiting until fall 2026 [4]
BUUU Group Limited Announces Partial Exercise of Underwriter’s Over-Allotment Option
Globenewswire· 2025-09-03 20:30
Core Points - BUUU Group Limited, a Hong Kong-based MICE solutions provider, announced the partial exercise of the over-allotment option for its initial public offering, resulting in the issuance of an additional 175,000 Class A ordinary shares at a price of US$4.00 per share [1][2] - The total gross proceeds from the offering increased to US$6.7 million, before deducting underwriting discounts and expenses [2] Financial Details - The over-allotment closing generated aggregate gross proceeds of US$700,000 [2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on August 14, 2025, under the symbol "BUUU" [2] Use of Proceeds - The company plans to utilize the net proceeds for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and expanding into the U.S. and Southeast Asia markets [3] Offering Details - The offering was conducted on a firm commitment basis with Dominari Securities LLC as the representative underwriter, and Revere Securities LLC and Pacific Century Securities LLC as co-underwriters [4] - The offering was conducted under the company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 13, 2025 [5] Company Overview - BUUU Group Limited is a premier MICE solutions provider, offering a comprehensive portfolio designed to meet diverse client needs in event management and stage production [7]
BUUU Group Limited Announces Partial Exercise of Underwriter's Over-Allotment Option
GlobeNewswire News Room· 2025-09-03 20:30
Core Points - BUUU Group Limited, a Hong Kong-based MICE solutions provider, announced the partial exercise of the over-allotment option for its initial public offering, resulting in the issuance of an additional 175,000 Class A ordinary shares at a price of US$4.00 per share [1][2] - The total gross proceeds from the offering increased to US$6.7 million, before deducting underwriting discounts and expenses [2] Financial Details - The over-allotment closing generated aggregate gross proceeds of US$700,000 [2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on August 14, 2025, under the symbol "BUUU" [2] Use of Proceeds - The company plans to utilize the net proceeds for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and expanding into the U.S. and Southeast Asia markets [3] Offering Details - The offering was conducted on a firm commitment basis with Dominari Securities LLC as the representative underwriter, and Revere Securities LLC and Pacific Century Securities LLC as co-underwriters [4] - The offering was conducted under the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 13, 2025 [5] Company Overview - BUUU Group Limited has established itself as a premier MICE solutions provider, offering a comprehensive portfolio that includes event management and stage production [7] - The company serves a diverse clientele, including public institutions, marketing firms, real estate corporations, and established brands, focusing on delivering innovative and high-quality experiences [7]
Why Circle Internet (CRCL) Stock Fell 28.1% Last Month
The Motley Fool· 2025-09-03 01:11
Core Insights - Circle's stablecoin business is experiencing significant growth, yet the company's stock faced a sharp decline in August 2025, dropping 28.1% after its first earnings report as a public company failed to meet investor expectations [1][2][3] Financial Performance - Circle's stock surged 492% from its IPO on June 4 to the end of July, raising concerns about sustaining a $42.0 billion market cap [2] - Despite a 53% year-over-year revenue increase to $658 million, Circle reported a net loss of $482 million in Q2, primarily due to IPO-related costs [3][5] - The revenue generation is heavily reliant on interest from dollar-based funds backing the USDC stablecoin, which constituted 96.4% of total revenue in Q2 [5] Market Trends - The decline in Circle's stock price began prior to the earnings report, with a 54.4% drop from its peak on June 23 as of September 2 [6] - The pattern of a rapid price increase followed by a steep decline is common among high-profile IPOs, with similar trends observed in other companies like Figma and CoreWeave [7]
Gemini Targets $2.1 Billion Valuation in IPO
PYMNTS.com· 2025-09-02 15:22
Company Overview - Cryptocurrency exchange Gemini aims to raise up to $316.7 million in its upcoming initial public offering (IPO) [1] - The company, led by billionaire Winklevoss twins, plans to market 16.7 million shares priced between $17 to $19 each, resulting in a market value of over $2.2 billion based on 116.7 million outstanding shares [2] Industry Context - Gemini's IPO is part of a trend of increasing listings by cryptocurrency companies as the industry moves into the mainstream, with several recent successful listings [3] - Notable examples include Bullish, which saw an 83% increase upon listing, and Circle, whose stock jumped 168% on its first day [3] Financial Performance - In its SEC filing, Gemini reported net losses of $282.5 million and revenues of $67.9 million for the first half of 2025, compared to a net loss of $41.1 million and revenues of $73.5 million during the same period last year [4] Market Activity - The second week of September is anticipated to be one of the busiest for IPOs in four years, with other companies like Klarna also announcing their IPOs [5] - Investment banks Evercore and Stifel Financial expect an increase in IPO activity in the second half of the year, driven by reduced volatility and regulatory easing [6]
Klarna revives IPO plans, aims to raise $1.27B
TechCrunch· 2025-09-02 14:30
Core Viewpoint - Klarna, a Swedish buy-now, pay-later startup, is reviving its initial public offering (IPO) with the aim of raising up to $1.27 billion, which would value the company at up to $14 billion [1][2]. Group 1: IPO Details - The company and its shareholders are selling approximately 34.3 million shares priced between $35 and $37 each, with Klarna receiving proceeds from about 5.6 million shares [2]. - The shares are planned to be listed on the New York Stock Exchange under the ticker "KLAR" [2]. Group 2: Company Performance - Klarna's revenue increased by 54% to $823 million in the second quarter compared to the previous year, driven by a 14% rise in gross merchandise value to $6.9 billion [4]. - Despite the revenue growth, the company reported a net loss of $53 million, which is 42% less than the net loss of $92 million from a year earlier [4]. Group 3: Market Context - Klarna's IPO plans were delayed due to market conditions, with its valuation dropping from over $45 billion in 2021 to $6.5 billion following the venture capital valuation bubble burst [3]. - The company has been expected to go public due to the success of its BNPL lending model, particularly after the post-pandemic boom [3]. Group 4: Underwriters - The offering is being managed by Goldman Sachs, JP Morgan, and Morgan Stanley, with additional support from BoFA Securities, Citigroup, Deutsche Bank, Societe Generale, UBS, and several other banks [5].
Gemini启动首次美股上市IPO 股票代码为“GEMI”
Ge Long Hui· 2025-09-02 12:41
Core Points - Cryptocurrency platform Gemini has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of 16.67 million shares of Class A common stock [1] - In connection with the offering, Gemini and its selling shareholders plan to grant underwriters a 30-day option to purchase up to an additional 2.3963 million and 103,700 shares of Class A common stock, respectively, to cover over-allotments [1] - The expected IPO price is between $17 and $19 per share of Class A common stock [1] - Gemini has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "GEMI" [1]
Klarna aims to raise up to $1.27 billion in U.S. IPO
CNBC· 2025-09-02 11:02
The Klarna Bank AB logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 30, 2024.Swedish fintech firm Klarna is looking to raise up to $1.27 billion in its long-awaited U.S. initial public offering, according to an official filing out on Tuesday.Klarna plans to offer 34,311,274 ordinary shares priced between $35 and $37 each.The company will list its shares on the New York Stock Exchange under the symbol "KLAR."Klarna will offer 5.56 million of those shares, whi ...
Klarna looks to IPO at valuation that could hit $14B: report
Proactiveinvestors NA· 2025-08-26 17:12
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Eastern International(ELOG) - Prospectus(update)
2025-08-25 13:53
As filed with the U.S. Securities and Exchange Commission on August 25, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 7 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 4731 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I ...