Business
Anthropic IPO filing warns AI may pose 'existential risks to humanity'
Anthropic has devoted almost a third of its IPO prospectus to risk factors, warning that its AI may pose "existential risks to humanity", while the filing also reveals a $42 billion (€36.9bn) net loss last year and a heavy reliance on just two customers.
Business
A new wave of listings: Tashkent prepares companies for global markets
Uzbekistan’s investment fund (UzNIF) is preparing major companies in telecoms, aviation, banking and energy for potential listings. Uztelecom is currently the most advanced candidate as governance reforms advance and efforts to attract new capital gather pace.
Business
Revolut considers dual New York and London listing for IPO
Revolut is considering listing simultaneously in New York and London when it eventually goes public, its founder has stated, a plan that would keep the fintech partly at home while giving it access to the deeper American market it has long preferred.
Markets
Anthropic priced above $2 trillion as markets eagerly await IPO filing
Traders are pricing Anthropic above $2 trillion (€1.73tn) in pre-IPO markets, more than double the company's valuation in its last private funding round, as investors wait for the public release of the S-1 filing that could open the way to the largest flotation in history.
Business
Shein IPO aims for $27bn valuation — and Europe is key to its future
Shein is seeking a valuation of up to approximately $27 billion (€23.1bn) in its September flotation on the Hong Kong Stock Exchange, far below its reported peak of $100 billion in 2022. Europe is a key market, but new customs rules and regulatory scrutiny threaten its low-cost model.
Business
Defence giant KNDS unveils IPO plans as valuation could top €15bn
The Franco-German manufacturer behind the Leopard and Leclerc battle tanks, KNDS, has officially announced its plans for an IPO, listing shares in Paris and Frankfurt within weeks, capitalising on Europe's race to rebuild its military capacity.