IPO
OpenAI eyes $1 trillion IPO despite quarterly losses
OpenAI is preparing for a potential initial public offering that could value the company at up to $1 trillion, with filings possibly in late 2026. CEO Sam Altman has indicated that going public is the most likely path due to massive capital needs. However, the company reported significant losses, estimated at $11.5 billion in its latest quarter.
Kraken plans staff retreat to Caribbean island in January
Cryptocurrency exchange Kraken is organizing a team-building trip for most of its employees to a Caribbean island in January 2026. The retreat aims to energize the company ahead of its anticipated U.S. listing. Kraken has also provided all employees with a one-off bonus.
Klarna Completes Initial Public Offering
Fintech company Klarna has successfully completed its initial public offering, marking a significant milestone in its growth trajectory. The IPO allows Klarna to access public markets for further expansion.
Fermi sees strong demand for its upcoming IPO
Fermi, a startup focused on AI power generation, is experiencing robust investor interest in its initial public offering. The demand is fueled by the growing needs of AI data centers and potential supportive policies from a Trump administration. The company aims to capitalize on these trends to fund expansion.