ipo

According to the Financial Times, JPMorgan Chase terminated its banking services for Polymarket last October due to regulatory concerns, requiring the company to seek new banking institutions. Previously, Polymarket was banned from providing services to U.S. customers after the Commodity Futures Trading Commission took enforcement action in 2022.Currently, Polymarket has partnered with a new bank, but the specific name has not been disclosed. JPMorgan Chase still maintains business dealings with Polymarket and invited its CEO Shayne Coplan to participate in a private banking client meeting held in Miami this February, where he spoke alongside former NFL player Tom Brady. Polymarket stated that the two parties continue to maintain a close and active relationship in various areas, including multiple entities, operational integration, and customer fund flow management.Since 2026, prediction market platforms like Polymarket and Kalshi have faced legal actions from multiple U.S. states regarding their alleged operation as illegal sports bookmakers, while the relevant platforms argue that they operate as exchanges facilitating trades between buyers and sellers, rather than as bookmakers. According to user aggregated data, the nominal trading volume of prediction markets has exceeded $250 billion since 2026.Meanwhile, Polymarket is seeking over $1 billion in financing, with a target valuation of $20 billion, more than doubling from the approximately $8 billion valuation during the last round of financing in 2025.

Market news indicates that OpenAI's annual revenue has exceeded $40 billion before the IPO.

OpenAI has appointed its second Chief Revenue Officer in less than a year, with Dali Rajic succeeding Dennis Dreiser. This move shows that the company is working to strengthen sales growth in preparation for a Wall Street listing.OpenAI President Greg Brockman stated that the revenue run rate in July increased by over 20% month-over-month, and the enterprise customer business grew by 32%.

According to official news from Robinhood, Robinhood Ventures Fund II (RVII) announced the pricing of its initial public offering, issuing 8 million shares of common stock at a price of $25 per share. The total size of the fund is $225.5 million (before deducting sales expenses and issuance costs), and if the underwriters fully exercise the option to purchase an additional 1.2 million shares, the size could reach up to $255.5 million.Shares are expected to begin trading on the New York Stock Exchange on August 13, with the stock ticker RVII, and the issuance is expected to be completed on August 14. Goldman Sachs is serving as the lead bookrunner for this offering, with Citigroup, J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities as co-bookrunners.

According to Bloomberg, as a large number of high-growth startups emerge in fields such as artificial intelligence and biotechnology, private equity and Pre-IPO investment tools aimed at ordinary investors are rapidly increasing. Billionaire investor Bill Ackman's investment firm Pershing Square is preparing to launch a new fund to provide investors with the opportunity to participate in high-growth companies that are not yet publicly listed.Currently, Pershing Square has initiated the process to establish "Pershing Square Ventures." This fund will adopt a "permanent capital" model, allowing for long-term holding of investment targets and continuing to hold shares after the invested companies go public.Ackman and Pershing Square Chief Investment Officer Ryan Israel stated in a letter to shareholders that the new fund aims to capture investment opportunities in Pre-IPO companies and expand the company's investment scope beyond the public markets. At present, Pershing Square has not disclosed the target size of the fund, investment strategy details, or specific fundraising timeline.

Some existing investors expect that Anthropic's valuation could exceed $2 trillion when it goes public as early as October this year. Six interviewed investors believe that the demand for Claude and the rapid growth of the company's revenue could drive Anthropic's valuation to double from $965 billion in May this year.In May, Anthropic disclosed that its annualized revenue had surpassed $47 billion, and some investors expect it could reach $100 billion to $120 billion by the end of the year. One investor calculated that, based on a revenue multiple of about 30 times, Anthropic's valuation could potentially reach $3 trillion. However, the aforementioned valuations are all investor predictions. Multiple investors have stated that Anthropic's management has not yet determined the IPO valuation target. Competition from low-cost AI models in China, relations with the U.S. government, and corporate control of AI spending are still seen as potential risks.

PPP market prediction tool monitoring shows that in the Polymarket "Anthropic valuation reaches target within the year" prediction event, the probability of reaching $1.5 trillion within the year has risen to 76%, an increase of 13% in 24 hours. The probability of reaching $1.25 trillion has risen to 92%, an increase of 8% in 24 hours. According to the settlement rules, this market primarily relies on the valuation of Anthropic's private market as announced by the Nasdaq Private Market (NPM).If Anthropic completes its IPO or direct listing during this period, the official issue price corresponding to the valuation and the public market value after listing will also be included in the settlement basis. Currently, the NPM data referenced on the Polymarket page shows a valuation of approximately $1.13 trillion. Previously, according to the Wall Street Journal, Anthropic plans to go public in September or early October, with specific issue prices and schedules yet to be announced. If successfully listed, it could become one of the largest IPOs in history.

According to Bloomberg, Singapore data center operator DayOne has secretly submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), planning to go public in the U.S. as early as next quarter.The company aims to raise approximately $5 billion, with a listing valuation of about $20 billion; however, relevant details are still under discussion, and the scale and timing of the offering may change.

AI company Anthropic is holding pre-IPO meetings with potential investors to boost market confidence in its listing plans. Reports indicate that Anthropic is currently valued at approximately $965 billion, and if successful, it could become one of the largest IPOs in history.The company has recently faced several challenges, including intensified competition from low-cost AI systems, strained relations with the Trump administration, and opposition to data center construction in various parts of the United States. Sources reveal that investors have asked Anthropic executives during discussions about how these factors might impact the company's growth. Anthropic's management downplayed the impact of competition from low-cost AI systems, stating that the company will continue to focus on developing cutting-edge AI models.It is reported that Anthropic plans to go public in September or early October, although specific pricing and scheduling details have not yet been announced. Additionally, during the pre-IPO meetings, the company disclosed to some investors that it will further expand into the fields of healthcare and biological AI applications in the future.

OpenAI has completed a transaction to help employees sell approximately $7 billion of company shares, preparing for a potential initial public offering (IPO) on Wall Street in the future.This tender offer did not seek participation from external investors but instead repurchased shares directly from current and former employees, resulting in a post-transaction valuation of $852 billion.

Yushu Technology was founded in 2016 and received seed round investment from early angel investor Yin Fangming, who invested 2 million yuan for a 15% equity stake, marking Yushu Technology's first external investment at that time.After several rounds of financing dilution, as of the IPO, Jun Wan Hong Yi, controlled by Yin Fangming, held 11,174,900 shares, with a shareholding ratio of approximately 2.76%, making him the tenth largest shareholder of Yushu Technology. Based on an issuance market value of 61 billion yuan, the market value of his shares is approximately 1.685 billion yuan. Compared to his initial investment of 2 million yuan, he netted 1.683 billion yuan, achieving a return rate of 841.5 times.

According to TechFundingNews, AI infrastructure company Nscale is preparing for an IPO in the U.S., which could start as early as September this year. The company has disclosed to potential investors that its cumulative contracted revenue has reached approximately $51 billion. Currently, Goldman Sachs and JPMorgan Chase are serving as advisory firms for Nscale's potential IPO, but discussions are still ongoing, and the listing date may be delayed.Nscale is a company spun off from the cryptocurrency mining company Arkon Energy, primarily focusing on AI data centers, GPU computing power, and energy infrastructure. In July of this year, it announced the acquisition of distributed AI software company Anyscale for approximately $1.65 billion, with clients including Coinbase, Runway, and Bedrock Robotics. Previously, it was reported that AI infrastructure Nscale completed a $2 billion Series C financing round, achieving a valuation of $14.6 billion, led by Aker ASA and 8090 Industries, with participation from NVIDIA, Lenovo, and Nokia.

Bloomberg data shows that Asian companies raised over $83 billion through IPOs, private placements, and block trades in July, setting a record for the highest monthly total. Among them, South Korean chip giant SK Hynix raised $26.5 billion through its U.S. listing, becoming the largest financing project.In August, Asian stock financing activities remained active, with the Indian government selling shares of state-owned insurance giant LIC, raising $3.3 billion. Cathy Zhang, head of Morgan Stanley's Asia-Pacific ECM, stated, "We remain optimistic about the capital market outlook for the second half of this year, especially in Hong Kong, mainland China, and Taiwan." She expects multiple transactions exceeding $1 billion to be initiated in the coming months, primarily focused on consumer internet, industrial technology, and AI-related fields.

According to the official announcement, Bitget has launched the IPO pre-market perpetual contract MOONSHOT/USDT, supporting up to 10x leverage and 24/7 trading.It is reported that Dark Side of the Moon is a Chinese artificial intelligence research and application company, known for its Kimi series products, and has received investments from institutions such as Alibaba and Tencent. It is also one of the potential IPO candidates with high attention in China's large model track market.

Trade.xyz data shows that Unitree's IPO perpetual contract price has surged significantly, currently reported at $90.33, with a 24H increase of 23.64%.

On August 7, Wang Xingxing, Chairman of Yushu Technology, stated during an online roadshow that entering the capital market is a new starting point for the company. In the future, it will continue to deepen the research and development of core technologies for general embodied intelligent robots and their industrial application, while actively exploring more product forms such as humanoid robots, quadruped robots, and mechas. He emphasized that the embodied intelligence industry is still in its early development stage, and the generalization capabilities of robots need to be improved collectively across the industry. The company will continue to tackle key hardware and software technologies such as large embodied models, scenario data collection, reinforcement learning, and self-research of core components.According to previous news, Yushu Technology's IPO issuance price is 150.80 yuan per share, with an issuance market value of approximately 60.9 billion yuan, planning to publicly issue 40.4464 million shares, accounting for 10% of the total share capital after issuance. In the strategic placement, DeepSeek was allocated 933,400 shares (subscription of 141 million yuan, lock-up period of 36 months), and Shanghai Qishan Investment, a subsidiary of Tencent, was allocated 903,300 shares. Online and offline subscriptions will begin on August 10. Wang Xingxing revealed that the company has achieved the world's number one shipment volume for humanoid robots by 2025, with net profit rapidly increasing after excluding non-recurring items.

Yushu Technology disclosed its issuance announcement for the Sci-Tech Innovation Board on August 6, determining the issuance price at 150.80 yuan per share, with a total issuance of 40.4464 million shares, accounting for 10% of the total share capital after issuance, raising approximately 6.099 billion yuan, corresponding to a market value of about 60.99 billion yuan. Founder Wang Xingxing holds a total of 33.36% of the shares directly and indirectly, corresponding to a net worth of approximately 18.312 billion yuan, a significant increase from 6.69 billion yuan when he appeared on the New Fortune Rich List in 2025.The company has established two employee stock ownership plans to participate in strategic allocation, with a total allocation of 1.8004 million shares, covering 171 core employees. Among them, Plan 1 covers 161 middle-level backbones, and Plan 2 covers 10 management and core technical leaders, with a maximum lock-up period of 36 months. Nine strategic investors have collectively been allocated 8.0893 million shares, accounting for 20% of the total issuance, among which DeepSeek was allocated 930,000 shares, and Shanghai Qishan Investment, a subsidiary of Tencent, was allocated 903,300 shares. Central enterprises in the energy and communication sectors, such as China Petroleum, Southern Power Grid, and Tianyi Capital, are also joining in. Online and offline subscriptions will begin on August 10.