Core Viewpoint - Kevin Warsh endorses President Trump's push for lower interest rates, which may serve as a catalyst for significant initial public offerings (IPOs) in the artificial intelligence sector [1] Group 1: Interest Rates and Economic Impact - Lower interest rates are expected to stimulate economic activity, potentially leading to increased investments in technology and innovation [1] - The support from Warsh for lower rates aligns with broader economic strategies that could benefit the AI industry [1] Group 2: Artificial Intelligence IPOs - The anticipated lower interest rates could create a favorable environment for blockbuster AI IPOs, attracting more investors to the sector [1] - Companies in the AI space may leverage this opportunity to go public, capitalizing on the heightened interest and investment potential [1]

文/西风 1月30日，广西百菲乳业股份有限公司上交所主板IPO被终止审核，直接原因是公司及保荐机构国融证 券撤回发行上市申请。公司IPO申请于2025年6月13日获得受理，7月10日收到首轮问询，但未见公布 问询回复。 公司前身有限公司成立于2017年12月，2019年12月整体变更为股份有限公司。2024年6月28日，公 司股票挂牌新三板，证券代码：874376。目前公司注册资本1.65502亿元。公司控股股东广西百菲投 资股份有限公司持有公司87.97%的股份。公司实际控制人为吴守允及其儿子吴联侨，吴守允之女吴珊 珊为一致行动人。吴守允任公司董事长、总经理，吴联侨任公司董事。公司拥有 22 家控股子公司、1 家参股公司以及 3家分支机构。截至2024年末，公司员工1062人。 一、公司是农业产业化国家重点龙头企业 公司主要从事乳制品和含乳饮料的研发、生产与销售，产品包括以生水牛乳、生牛乳为主要原料的灭菌 乳、调制乳、发酵乳、巴氏杀菌乳和含乳饮料等。公司是农业产业化国家重点龙头企业。 根据《2024 中国奶业统计摘要》数据显示，截至 2023 年末，全国规模以上（主营业务收入 2,000 万元及以上）乳制品 ...

As filed with the Securities and Exchange Commission on January 30, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Iron Dome Acquisition I Corp. (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other juris ...

These companies are significant in our economy, and investors really want access to these companies. At the same time, there are shareholders and executives and founders who have been in them for a long time and want to start seeing some liquidity from their shares, which are a very high percentage of their net worth.No doubt. Private companies are staying private much longer now. Many of these businesses — including SpaceX and other companies that would be top 30 in the S&P 500 — would historically have go ...

观点网讯：1月30日，全球最大钓鱼装备制造商乐欣户外（股份代码：2720）宣布于1月31日至2月5日启 动招股，计划全球发售2820.5万股，其中10%为香港公开发售。每股定价12.25港元，每手500股，入场 费约6186.78港元，预计2月10日挂牌上市。 此次IPO拟集资约3.45亿港元，中金公司担任独家保荐人。 募资用途方面，约45%将用于品牌开发及推广，25%投入产品设计与全球创新中心建设，20%用于升级 生产设施及数字化能力，剩余10%作为营运资金。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 据了解，乐欣户外2025年首八个月收入达4.60亿元（人民币），同比增长17.7%；税前利润7461.9万 元，同比增幅21.9%。按2024年收入计算，该公司全球及中国市场份额分别为23.1%与28.4%，居行业首 位。 此次IPO引入两家基石投资者，包括何浩男旗下的地平綫创投认购8000万港元，以及黄山德钧（由德清 县产业发展投资基金参与）认购5000万港元。 ...

Core Viewpoint - The 2026 IPO market is anticipated to experience significant activity, particularly with major companies in the AI and space sectors preparing to go public, including Rocket Lab, SpaceX, OpenAI, and Anthropic [1][7]. Company Updates - Rocket Lab faced a setback with a rupture in a stage one testing tank for its neutron rocket, which has not yet entered commercial operation, leading to a 5% drop in its shares [1][2]. - The company successfully launched its electron rocket, placing two satellites into orbit, but investor concerns remain focused on the neutron rocket's development delays [1][2]. - Rocket Lab's neutron rocket has experienced multiple delays since its initial announcement in 2021, with the latest expected launch now pushed to early 2026 [2]. Industry Trends - The space industry is gaining traction as an investment theme, driven by companies like Rocket Lab and competitors such as SpaceX [3]. - The IPO market is seeing a "perfect storm" due to the AI boom, favorable macroeconomic conditions, and a regulatory-friendly environment, which may lead to a surge in IPO activity in 2026 [7][8]. IPO Insights - Investors are advised to look for long-term financial results and trends when evaluating upcoming IPOs, rather than focusing solely on recent improvements [9][10]. - Companies like Klarna, which have a long operational history and consistent profitability, are viewed more favorably compared to newer, unproven companies in the IPO space [10]. IPOs on the Radar - Potential IPO candidates include Stripe, which is not in a rush to go public, and Plaid, which has shown significant revenue growth [14]. - Anduril, a defense technology company, is also being watched for a possible IPO, with a focus on autonomy and innovative technology [15]. - EquipmentShare, a construction equipment rental company, is set to go public soon, with a business model aimed at improving productivity in the construction industry [16][17].

在上市委会议现场，上市委要求鸿仕达结合合同约定验收方式及时间、相关客户实际验收时间及回款时 间等说明收入确认是否准确。 另外，上市委还要求公司结合自身核心技术迭代和实际应用情况、研发费用及技术储备情况，量化分析 与主要竞争对手相比的核心竞争优势，进一步说明公司业绩的可持续性。 北京商报讯（记者 王蔓蕾）1月30日晚间，北交所官网显示，昆山鸿仕达智能科技股份有限公司（以下 简称"鸿仕达"）IPO当日上会获得通过。 据了解，鸿仕达是一家专业从事智能自动化设备、智能柔性生产线、配件及耗材的研发、生产及销售的 高新技术企业，公司IPO于2025年6月25日获得受理。本次冲击上市，公司拟募集资金约2.17亿元。 ...

另外，上市委要求公司说明关联关系与关联交易披露的真实准确完整性，防范利益冲突或利益输送风险 的具体措施及有效性。 在上市委会议现场，上市委要求海昌智能结合行业协会等机构发布的公开市场数据，说明国内汽车销售 量及新能源汽车渗透率增速放缓对公司经营业绩的影响；结合2025年境外业务实际开展及国际市场竞争 情况，说明开拓境外市场的规划及实施情况，进一步论证业绩增长可持续性。 北京商报讯（记者 王蔓蕾）1月30日晚间，北交所官网显示，鹤壁海昌智能科技股份有限公司（以下简 称"海昌智能"）IPO于当日上会获得通过。 据了解，海昌智能是一家主要从事高性能线束装备研发、生产和销售的高新技术企业，致力于为下游的 线束制造业提供智能化解决方案及相关配套服务，产品可服务于大量使用线束的相关行业，如汽车工 业、信息通讯、光伏储能等领域。公司IPO于2025年6月24日获得受理。本次冲击上市，公司拟募集资 金约4.52亿元。 ...

Core Viewpoint - Investment banks are regaining prominence as deal-making and IPO activities increase, with Morgan Stanley and Jefferies Financial Group presenting different investment opportunities [2][3]. Morgan Stanley - Morgan Stanley's investment banking (IB) fees increased by 23% in 2025 and 35% in 2024, following a decline in 2023 and 2022, indicating a strong recovery in the IB sector [3][9]. - The company has a robust trading business that has performed well due to market volatility and client activity, which is expected to continue growing [4]. - A partnership with Mitsubishi UFJ Financial Group has strengthened Morgan Stanley's position in Japan, with Asia region revenues rising 23% year-over-year to $9.42 billion in 2025 [5]. - Morgan Stanley has diversified its revenue streams, with wealth and asset management contributing nearly 54% to total net revenues in 2025, up from 26% in 2010 [6]. - The company is projected to see revenue growth of 6% and 4.9% in 2026 and 2027, respectively, with earnings expected to grow by 8.4% and 7.1% in the same years [18]. Jefferies Financial Group - Jefferies' total IB fees rose by 10% in fiscal 2025 and 52% in fiscal 2024, indicating a recovery after previous declines [7]. - The company is benefiting from strategic partnerships, including a significant stake from Sumitomo Mitsui Financial Group, which is expected to increase to 20% [9][10]. - Jefferies' revenue growth estimates for fiscal 2026 and 2027 are 16.5% and 16.3%, respectively, with earnings expected to jump by 50.3% and 38.1% [20]. Comparative Analysis - Morgan Stanley shares have increased by 31.8% over the past year, while Jefferies shares have decreased by 20.4%, indicating stronger investor sentiment towards Morgan Stanley [11][14]. - In terms of valuation, Jefferies is trading at a forward P/E of 13.03X, while Morgan Stanley's forward P/E is 16.46X, suggesting Jefferies is less expensive [14][16]. - Morgan Stanley's return on equity (ROE) stands at 16.92%, significantly higher than Jefferies' 7.27%, reflecting more efficient use of shareholder funds [16]. - Morgan Stanley's diversified revenue model and strong trading franchise position it as a more resilient investment compared to Jefferies, which is primarily focused on investment banking [22][23].

硬·AI 作者 | 赵 颖 编辑 | 硬 AI 此外，OpenAI还将面对联合创始人马斯克提起的诉讼，后者索赔金额高达1340亿美元。首席执行官Sam Altman去年12月在Big Technology播客中坦言："我 对成为上市公司CEO兴奋吗？0%。我对OpenAI成为上市公司兴奋吗？某些方面是的，某些方面我觉得会很烦人。"他预计将把部分职责委托给前Instacart首席 执行官Fidji Simo，后者目前领导OpenAI的产品和业务团队，担任应用业务CEO。 OpenAI已任命新的首席会计官Ajmere Dale和负责投资者关系的企业财务官Cynthia Gaylor，这些人事调整显示该公司正为上市进行实质性准备。OpenAI内部对Anthropic可能率 先上市表示担忧，率先上市的公司将获得显著先发优势，吸引大量渴望投资生成式AI浪潮的公共市场投资者和散户。 不过，对于OpenAI而言，在年底前成功完成上市可能面临重重困难。OpenAI仍在应对快速成长型初创公司的典型挑战，包括近期的高层人事变动，以及来自 谷歌对其核心消费业务的激烈竞争。这促使该公司启动为期数周的"红色警报"行动，以提升ChatG ...