Core Insights - SoftBank Group Corp. has approved a second installment of $22.5 billion to complete its $30 billion investment in OpenAI, led by CEO Sam Altman [1] Group 1: Investment Details - The board of SoftBank authorized the payment contingent upon OpenAI completing a corporate reorganization to prepare for a potential IPO [2] - The funding will complete a $40 billion financing round announced in April, with SoftBank initially agreeing to provide $10 billion in mid-April and an additional $30 billion in December [3] - The investment is contingent upon OpenAI transitioning to a for-profit organization by the end of the year, with the investment decreasing to $20 billion if the restructuring is unsuccessful [4] Group 2: Future Plans - Sam Altman indicated that the company expects to spend trillions on AI infrastructure and has to go public someday [2] - A planned joint venture between SoftBank and OpenAI to provide AI services to Japanese corporate clients has fallen behind schedule [4]

Core Insights - Tether claims a 99% profit margin and forecasts $15 billion in profits by year-end, a figure that would surpass major Wall Street firms [1][5][6] Financial Performance - Tether's projected profit of $15 billion for the year follows a reported profit of $13 billion in the previous year [5] - In comparison, Tesla's net profit fell by 37% year-over-year, while Apple's net profit rose by about 9% [2] Regulatory Environment - Tether operates in a regulatory gray zone, issuing USDT, the largest stablecoin, without being bound by U.S. auditing or disclosure requirements due to its headquarters in El Salvador [3] - The company provides "attestations" from a third-party accounting firm, but critics argue these do not equate to full independent audits, raising concerns about financial health [4] Market Position and Future Plans - Tether's supply has surged to $182 billion, reinforcing its dominance in the stablecoin market [6] - There are rumors of a potential $20 billion fundraising round, valuing Tether at approximately $500 billion, which has led to speculation about an initial public offering (IPO) [6][7] - Despite speculation, Tether's CEO has denied any plans for a public listing, contrasting with peer Circle, which went public in June [7]

Core Insights - Tether is projected to achieve $15 billion in profit this year, with a remarkable 99% profit margin, indicating exceptional financial performance [1][2][3] - The company is rumored to be planning an IPO, with a potential valuation of $500 billion, which is considered low by Tether's leadership [4][5] - Tether's recent initiatives, including the launch of a USAT stablecoin and a tokenized gold product, are expected to enhance profitability and regulatory compliance [5][6] Financial Performance - Tether reported $13 billion in profits last year and is on track to exceed this figure in 2025 [2] - The company's profit margin of 99% is highlighted as unparalleled in the industry [2][3] IPO Plans - Tether has been making plans to go public for about a month, with Ardoino's comments serving as a marketing strategy to attract investors [4] - The company is aiming for a $500 billion valuation, positioning itself among the world's most valuable companies [4][5] Future Growth Strategies - Tether is set to launch a USAT stablecoin to ensure compliance with US regulations, which is expected to contribute to future profits [5] - The company has been minting new USDT at a high rate to inject liquidity into the market, indicating a proactive approach to maintaining its industry leadership [6]

Core Insights - Orkla India is launching a Rs 1,667 crore IPO, which is entirely an offer for sale of 2.28 crore equity shares, with proceeds going to selling shareholders [1][11] - The price band is set at Rs 695–730 per share, with a minimum investment of Rs 14,600 for retail investors [2][11] - The company has a strong brand portfolio including MTR Foods, Eastern Condiments, and Rasoi Magic, positioning it well in the Indian packaged foods market [3][11] Company Operations - Orkla India operates nine manufacturing units in India and utilizes contract facilities in the UAE, Thailand, and Malaysia, selling over 2.3 million units daily across 28 states and 6 union territories, with exports to 42 countries [5][11] - The company is a market leader in southern India and is expanding its national presence, supported by a distribution network of 834 distributors and 1,888 sub-distributors [6][11] Financial Performance - For FY25, Orkla India reported revenue of Rs 2,455 crore, a 3% year-over-year increase, and a profit after tax of Rs 256 crore, up 13% year-over-year, with an EBITDA of Rs 396 crore and healthy margins of 16.6% [7][11] - The company is nearly debt-free with minimal borrowings of Rs 2 crore, a return on capital employed (ROCE) of 32.7%, and a return on net worth (RoNW) of 13.8% [8][11] Valuation and Market Outlook - At the upper end of the price band, the IPO values Orkla India at a P/E of 31.7x post-issue and a market capitalization of approximately Rs 10,000 crore, comparable to FMCG peers like Marico and Tata Consumer, but at a slight discount to premium brands like Nestle India and Hindustan Unilever [9][11] - The grey market premium (GMP) of Rs 55–60 indicates a potential 8% listing gain, with shares expected to debut around Rs 785–790 if market sentiment remains stable [10][11] - Analysts foresee long-term growth opportunities in packaged food consumption in India, driven by urbanization and convenience-led lifestyles, with Orkla's focus on value-added regional brands and category innovation expected to sustain growth [10][11]

Core Insights - The article discusses potential investment opportunities in PONY, indicating a possible long position may be initiated within the next 72 hours [1]. Group 1 - The analyst has no current stock or derivative positions in the companies mentioned but may consider purchasing stock or call options in PONY [1]. - The article expresses the author's personal opinions and is not influenced by external compensation [1]. - There is no business relationship with any company whose stock is mentioned in the article [1].

Core Insights - The expected value of initial public offerings (IPOs) for the firm's portfolio companies in the next 12 months is projected to be among the highest in its history [1] Group 1 - The firm anticipates a significant increase in IPO activity, indicating strong market conditions for its portfolio [1]

Core Insights - Punjab National Bank (PNB) has divested a 10% stake in Canara HSBC Life Insurance Company, reducing its ownership from 23% to 13% [1][2] - The divestment was executed through an offer for sale (OFS) during Canara HSBC Life's IPO, which was oversubscribed 2.3 times due to strong institutional interest [2][3] - PNB's divestment generated proceeds of approximately Rs10.07 billion from the sale of 95 million shares at Rs106 each [1][2] Financial Performance - PNB reported a 14% year-over-year increase in net profit, reaching Rs49.04 billion for the quarter ending in September [3] - Canara HSBC Life Insurance reported a profit of Rs849 million for the nine-month period ending December 31, 2024 [4] Strategic Moves - The divestment aligns with PNB's strategy to streamline capital and monetize non-core assets while maintaining strategic partnerships in the financial sector [3] - PNB MetLife India Insurance has entered a bancassurance partnership with India Post Payments Bank (IPPB) to enhance the distribution of life insurance products [4][5] - The partnership allows PNB MetLife's products to reach over 110 million customers through IPPB's 650 banking outlets [5]

Core Points - Miluna Acquisition Corp has priced its initial public offering (IPO) at $10.00 per unit, with a total of 6,000,000 units being offered [1] - The units will be listed on the Nasdaq Global Market under the ticker symbol "MMTXU" starting October 23, 2025 [1] - Each unit consists of one ordinary share and one redeemable warrant, with separate trading expected for the shares and warrants under the symbols "MMTX" and "MMTXW" respectively [1] Offering Details - D. Boral Capital LLC and ARC Group Securities LLC are the joint book-running managers for the offering [2] - The underwriters have a 45-day option to purchase an additional 900,000 units to cover over-allotments [2] - The offering is anticipated to close on October 24, 2025, subject to customary closing conditions [2] Company Background - Miluna Acquisition Corp is a blank check company aimed at executing mergers, share exchanges, asset acquisitions, and similar business combinations [5] - The company is open to pursuing targets in any industry or geographic region, except for those based in or primarily operating in the People's Republic of China [5] Regulatory Information - A registration statement for the securities was declared effective by the Securities and Exchange Commission on September 30, 2025 [3] - The offering is being conducted solely through a prospectus, which can be obtained from the underwriters [3]

New York, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the “Offering”) of 1,725,000 class A ordinary shares, par value US$0.0000001 per share (the “Class A Ordinary Shares”), including 225,000 Class A Ordinary Shares issued as a result of the full exercise by the underwriters of their over-allotment option, at ...

Cryptocurrency exchange Kraken is whisking the vast majority of its staff off to an idyllic Caribbean island in January of next year, to energize the firm ahead of a much-anticipated listing in the U.S. next year, according to two people familiar with the plans. A person familiar with the plans requested that the exact location of the team-building jaunt not be published for security reasons. Kraken has also handed all its employees a special one-off bonus, according to the sources. The positive vibes w ...