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The US initial public offering market has had a slow start in 2025, with Venture Global Inc. and Smithfield Foods Inc. experiencing disappointing IPOs. Investors and sellers are struggling to align their valuation expectations in a volatile investing environment. Despite these setbacks, some companies like Flowco Holdings Inc. and ServiceTitan Inc. have seen success in their IPOs, indicating ongoing interest in the market. The challenges faced by Venture Global and Smithfield have not deterred other companies from pursuing IPOs, with Titan America SA and Beta Bionics Inc. among those moving forward with their plans. [Extracted from the article]

The US initial public offering market in 2025 has seen a slow start, with Venture Global Inc. and Smithfield Foods Inc. experiencing disappointing IPOs. Investors and sellers are struggling to align their valuation expectations in a volatile investing environment. Despite these setbacks, some companies like Flowco Holdings Inc. and ServiceTitan Inc. have seen success in their IPOs, indicating continued interest in going public. The market remains active with companies like Titan America SA and Beta Bionics Inc. moving forward with their IPO plans. [Extracted from the article]

Smithfield Foods Inc. and its owner are anticipating that their initial public offering will be priced at $20 per share, below the marketed range of $23 to $27 per share. The IPO is oversubscribed, with more orders for shares than available. Smithfield, a subsidiary of WH Group Ltd., is a leading pork producer with well-known brands such as Eckrich and Nathan's Famous. The company had a net income of $581 million for the nine months ending Sept. 29. WH Group will retain control of Smithfield after the listing, which is being led by Morgan Stanley, Bank of America Corp., and Goldman Sachs Group Inc. [Extracted from the article]

Venture Global Inc. experienced a challenging initial public offering, with shares dropping 20% from their debut price of $25. Investors showed caution in valuing companies without established track records, leading to a rocky start for the liquefied natural gas exporter. The company faces a tough road ahead to reward IPO buyers, who would need a 25% rally for break-even. In contrast, other recent debutants like Flowco Holdings Inc. and ServiceTitan Inc. have seen positive stock performance post-IPO. [Extracted from the article]

MicroStrategy Inc. has purchased Bitcoin for the 12th consecutive week, acquiring $1.1 billion of the digital currency from January 21 to January 26. The company also revealed plans to sell perpetual preferred stock to finance additional cryptocurrency purchases. MicroStrategy's co-founder and Chairman, Michael Saylor, has been increasing Bitcoin acquisitions since the election of US President Donald Trump. The company aims to raise $42 billion through 2027 using at-the-market stock sales and convertible debt offerings. Hedge funds have been driving demand for MicroStrategy as they engage in convertible arbitrage strategies. [Extracted from the article]

Venture Global Inc. saw its shares drop by 4% in its debut as a public company after reducing its price target before the IPO. The company closed at $24 per share, below the initial offering price of $25, giving it a market value of $58.1 billion. Despite challenges such as pending arbitration claims and uncertainties in LNG demand, Venture Global remains optimistic about its growth prospects in the energy market. [Extracted from the article]

Venture Global Inc. is set to open its shares 2% above the IPO price after raising $1.75 billion in its first-time share sale. The company's undiluted market value is estimated at $61.7 billion, with a diluted valuation exceeding $68 billion. Despite a significant drop in the IPO valuation target, Venture Global's offering marks the largest energy-sector IPO in the US since 2021. The company's founders, Mike Sabel and Bob Pender, have seen support for US LNG growth from various administrations, highlighting the increasing importance of LNG in global energy markets. [Extracted from the article]

Venture Global Inc. is set to open its shares at a 6% increase above its IPO price, raising $1.75 billion in its first-time share sale. The company's undiluted market value is estimated at $64.1 billion, with a potential diluted valuation exceeding $70 billion. Venture Global's IPO marks one of the largest energy-sector offerings in the US since 2021, reflecting the growing momentum in the US IPO market. [Extracted from the article]

Venture Global Inc. shares opened 3.8% below the IPO price, with the company's market value at $58.2 billion, well below the $110 billion it had initially sought. Despite the reduced valuation, the company sold 70 million shares to raise $1.75 billion, marking the US's biggest energy-sector first-time share sale since 2021. Venture Global faces pending arbitration claims from customers and plans to start fulfilling contracts in March 2025. [Extracted from the article]

Venture Global Inc. completed its initial public offering, raising $1.75 billion by selling 70 million shares at $25 each, giving the company a market value of $60.5 billion. Despite a significant drop from its original target of $110 billion, this IPO is the largest energy-sector offering in the US since 2021. Venture Global, a liquefied natural gas exporter, is poised to become the second-largest LNG producer in the US, with operations in Louisiana and plans for expansion in the UK and Greece. The company's founders, Mike Sabel and Bob Pender, have faced scrutiny for their high salaries and bonuses, with pending arbitration claims totaling up to $5.9 billion against the company. [Extracted from the article]

Venture Global Inc. raised $1.75 billion in its IPO, pricing shares at $25 each, giving the company a market value of $60.5 billion. The IPO was downsized from an original target of $110 billion, with Venture Global slashing the price range by over 40%. Despite the decrease, the offering is the largest energy-sector IPO in the US since 2021, reflecting the growing momentum in the US IPO market. [Extracted from the article]

Venture Global Inc. has significantly reduced the price range for its initial public offering, aiming to raise $1.9 billion with a market value of about $65 billion. The company's decision to lower the valuation range was influenced by investor feedback seeking a more modest valuation. Despite setbacks in the US energy sector, Venture Global is positioning itself as a competitive player in the LNG market, with plans for expansion and growth in the future. [Extracted from the article]

Venture Global Inc. has reduced the price range for its initial public offering by more than 40%, now offering 70 million shares at $23 to $27 each. This adjustment would lower the company's potential market value to about $65 billion, down from the initial $110 billion estimate. Despite setbacks in the US energy sector, Venture Global aims for a competitive valuation compared to industry leaders like Cheniere Energy Inc. The company, based near Washington, DC, has faced challenges with arbitration battles with major energy customers but reported significant revenue in recent financial filings. LNG is expected to play a crucial role in global energy markets, with the US positioned as a key supplier. [Extracted from the article]

Venture Global Inc. has reduced the price range for its initial public offering by more than 40%, now offering 70 million shares at $23 to $27 each. This decrease in pricing may impact the sentiment around first-time share sales in the US energy sector. Despite this setback, Venture Global aims for a high valuation compared to competitors like Cheniere Energy Inc. The company's financials show a decrease in net income and revenue compared to the previous year, but LNG is expected to play a significant role in global energy markets in the future. [Extracted from the article]

Karman Holdings Inc., a space and defense firm based in Huntington Beach, California, backed by Trive Capital, has filed for an initial public offering. The company reported growing profits, with net income of $11 million on revenue of $254 million for the nine months ended Sept. 30. Karman specializes in designing, testing, manufacturing, and selling systems for missile defense and space programs, with plans for its shares to trade on the New York Stock Exchange under the symbol KRMN. [Extracted from the article]

PicPay, a Brazilian mobile banking app owned by the Batista family, is considering selling convertible bonds to potentially raise $100 million. The firm is also preparing for a potential initial public offering in the US. PicPay, created in 2012 and later acquired by the Batistas, reported a significant increase in net income in the first nine months of 2024. [Extracted from the article]

Wall Street traders are preparing for Donald Trump's return to the White House, expecting policy shifts announced through late-night social media posts and market volatility. Despite the uncertainty, traders are focusing on long-term economic impacts, filtering out daily noise, and keeping cash on hand to capitalize on short-lived market movements. The stock market remains optimistic, buoyed by strong economic growth, receding post-pandemic inflation, and growing corporate profits, despite geopolitical risks and high valuations. Overall, investors are advised to stay invested and remain pro-risk, overweighting equities and the US market. [Extracted from the article]

Agrovision Corp., a berry farming company based in Los Angeles, is considering going public with an initial public offering as early as June, according to sources familiar with the matter. The company, valued at over $1 billion in a recent funding round, grows blueberries, raspberries, and blackberries in various locations worldwide and sells its fruit under the Fruitist and Big Skye labels at retailers like Costco, Whole Foods, and Trader Joe's. Agrovision is working with Goldman Sachs Group Inc. on the potential IPO, with details still being finalized and other banks possibly joining the process. [Extracted from the article]

MicroStrategy Inc. co-founder Michael Saylor advocated for companies to invest in Bitcoin instead of bonds, calling bonds "toxic." Saylor highlighted the positive returns of Bitcoin compared to declining bond returns since 2020. He urged companies to embrace Bitcoin as digital capital, criticizing those who do not follow MicroStrategy's lead. MicroStrategy itself has made significant Bitcoin purchases, owning over $41 billion worth of the cryptocurrency. Saylor's remarks were made at the ICR Conference in Orlando and were well-received by executives and investors in attendance. [Extracted from the article]

The stock market's $18 trillion rally is at risk due to rising Treasury yields above 5%, causing a significant drop in share prices. Investors fear that a 5% yield on 10-year Treasuries could trigger a stock market correction. The rapid increase in bond yields is impacting stock valuations and creating uncertainty in the market, with experts predicting a challenging period ahead for equities. Mega-cap tech companies like Alphabet, Amazon, and Apple are seen as potential safe havens amidst the market turmoil, as they continue to show strong earnings growth and cash flows. [Extracted from the article]

US stock markets will close on Jan. 9 to observe a national day of mourning for former President Jimmy Carter, who passed away at the age of 100. This closure is part of a long-standing American tradition where financial institutions halt operations following the death of a president. The New York Stock Exchange will honor President Carter's lifetime of service by closing its markets and flying the US flag at half-staff during the mourning period. [Extracted from the article]

US stock markets will close on Jan. 9 to observe a national day of mourning for former President Jimmy Carter, who passed away at the age of 100. This tradition of closing financial institutions following a president's death dates back to the assassination of Abraham Lincoln in 1865. The New York Stock Exchange will honor President Carter's service by closing its markets and flying the US flag at half-staff during the mourning period. [Extracted from the article]

US stock markets will close on January 9 to observe a national day of mourning for former President Jimmy Carter, who passed away at the age of 100. This closure is part of a long-standing American tradition where financial institutions halt operations following the death of a US president. The New York Stock Exchange, Nasdaq Inc.'s US equities exchanges, and Cboe Global Markets Inc. will shut down, while CME Group Inc. had not yet commented on its plans. This practice of suspending trading dates back to the assassination of Abraham Lincoln in 1865 and has been observed for the passing of 21 US presidents. [Extracted from the article]

US stock markets will close on Jan. 9 to observe a national day of mourning for former President Jimmy Carter, who passed away at the age of 100. This tradition of halting financial operations following the death of a US president dates back to the assassination of Abraham Lincoln in 1865. In addition to presidential deaths, markets have also closed for natural disasters, national emergencies, and celebratory moments throughout history. [Extracted from the article]

Venture Global Inc., a major US liquefied natural gas supplier, has filed for a potentially large initial public offering in 2025. The company, founded by Mike Sabel and Bob Pender, aims to raise over $3 billion through the IPO. Despite facing challenges with fulfilling contracts, Venture Global plans to start meeting its obligations to customers in March 2025 and is expanding its operations with new projects in Louisiana. The company is poised to become the second-largest LNG producer in the US, following Cheniere Energy Inc. [Extracted from the article]

Venture Global Inc., a major US liquefied natural gas supplier, has filed for a potentially significant initial public offering in 2025. The company, founded by Mike Sabel and Bob Pender in 2013, has attracted attention from global energy giants like Shell and BP. Despite facing challenges with fulfilling contracts and legal disputes, Venture Global is expanding its operations with new LNG projects in Louisiana. The company aims to become the second-largest LNG producer in the US, following Cheniere Energy Inc. The IPO is being managed by Goldman Sachs, JPMorgan Chase, and Bank of America, with plans to trade on the New York Stock Exchange under the symbol VG. [Extracted from the article]

Venture Global Inc., a major US supplier of liquefied natural gas, has filed for a significant initial public offering in 2025. The company has not disclosed the size and price of the share sale yet, but it is reported that they aim to raise over $3 billion. The IPO is being managed by Goldman Sachs Group Inc., JPMorgan Chase & Co., and Bank of America Corp., with plans for the shares to trade on the New York Stock Exchange under the symbol VG. [Extracted from the article]

The article discusses the resurgence of Special Purpose Acquisition Companies (SPACs) in financial markets, despite many of them delivering significant losses in the past. Prominent figures like Howard Lutnick, Michael Klein, and Harry Sloan are raising billions through SPACs, with 50 companies raising $8.7 billion since April. However, data shows that nearly half of ex-SPACs have lost over 90% of their value, leading to lawsuits and regulatory scrutiny. Despite the risks, investors are still drawn to SPACs as a potential arbitrage play, with hopes that the current market frenzy will sustain the SPAC arena. [Extracted from the article]

The article from Bloomberg.com discusses Howard Lutnick's decision to step back from running his financial group and hand over leadership of one of his blank-check companies to his 26-year-old son, Brandon Lutnick. Brandon, a trader at Cantor Fitzgerald LP, has been named CEO of Cantor Equity Partners I Inc., a SPAC aiming to raise $200 million for a potential merger. Howard Lutnick plans to step down from multiple businesses to comply with government ethics rules, while Cantor Fitzgerald has been actively involved in SPAC deals, outpacing larger banks in this area. [Extracted from the article]

The article discusses the potential impact of Trump's tariffs on the IPO market in 2025. IPO bankers are concerned about market volatility and uncertainty due to potential policy changes. Despite expectations of a strong economy, there is still some apprehension among investors. The tech sector is expected to see increased activity in IPOs, with companies like Klarna Group Plc and Chime Financial Inc. preparing for debuts. Overall, the market is cautiously optimistic about a banner year in 2025, but uncertainties remain regarding Trump's policies. [Extracted from the article]

The article discusses the potential impact of Donald Trump's return and the threat of tariffs on the IPO market in 2025. IPO bankers are concerned about market volatility and uncertainty due to potential policy changes. Despite expectations of a strong economy, there is still some lingering uncertainty. The tech sector is expected to see increased activity in IPOs, with companies like Klarna Group Plc and Chime Financial Inc. preparing for debuts in 2025. Overall, the market is cautiously optimistic about the potential for a banner year, but remains watchful of policy changes under the new administration. [Extracted from the article]

The US convertible securities market is expected to reach pandemic-era highs in 2025, driven by interest rates remaining above expectations and a continued focus on crypto-related strategies. Companies are taking advantage of the current interest rate environment to raise cash through convertible sales. The market is also influenced by the need for refinancing of previous convertible deals and the potential impact of President-elect Donald Trump's policies. Overall, the convertible bond market is anticipated to remain active in 2025, with various factors contributing to its growth. [Extracted from the article]

Cantor Fitzgerald LP has agreed to pay $6.75 million to settle allegations by the US Securities and Exchange Commission that it misled investors in two special purpose acquisition companies (SPACs) before their stock-market debuts. The firm, led by CEO Howard Lutnick, controlled the SPACs in 2020 and 2021, raising $750 million. The SEC claimed that the SPACs had already started negotiations with potential merger targets despite stating otherwise in regulatory filings. Cantor settled without admitting or denying the allegations, and the SPACs took smart-glassmaker View Inc. and satellite company Satellogic Inc. public. SPACs have faced increased regulatory scrutiny and backlash in recent years, with Cantor remaining a top player in the industry despite some underperforming deals. [Extracted from the article]

ServiceTitan Inc. saw a 42% increase in its shares above the initial public offering price, raising $624.8 million. The company's stock closed at $101 each, well above the offering price of $71 apiece, giving ServiceTitan a market value of close to $9 billion. The firm aims to improve the efficiency of construction projects and service visits for residential and commercial customers through its software platform. The co-founders, Ara Mahdessian and Vahe Kuzoyan, are set to control the majority of the voting power after the offering. [Extracted from the article]

ServiceTitan Inc. saw its shares rise by 42% above the initial public offering price, reaching $101 per share. The Glendale, California-based company raised $624.8 million, giving it a market value close to $9 billion. ServiceTitan offers software that streamlines tasks for residential and commercial repair services, aiming to enhance efficiency in construction projects and service visits. The co-founders, Ara Mahdessian and Vahe Kuzoyan, are set to retain majority voting power through their Class B shares. The company reported annual revenue of approximately $614 million in fiscal 2024, with a net loss of about $195 million. [Extracted from the article]

The article discusses how firms in the cryptocurrency sector are raising billions through convertible debt offerings, following MicroStrategy Inc.'s lead. The surge in cryptocurrencies has attracted investors to companies linked to the industry, leading to significant fundraising. The rise in Bitcoin prices, along with the appointment of a crypto-friendly regulator, has fueled the trend of issuing convertible bonds in the volatile market. This strategy has enabled companies like MicroStrategy, MARA Holdings, and Core Scientific to raise substantial amounts for Bitcoin investments, driving up their stock prices. [Extracted from the article]

EToro is collaborating with Goldman Sachs Group Inc. to potentially launch an initial public offering in the US, aiming for a valuation above $3.5 billion. The company's US arm recently settled allegations of operating as an unregistered broker and clearing agency by agreeing to pay $1.5 million and restricting certain cryptocurrencies on its platform. With over 38 million registered users from 75 countries, eToro offers a platform for trading stocks and cryptocurrencies, and had previously attempted a merger for a $10.4 billion valuation in 2022. [Extracted from the article]

Trive Capital is considering selling or taking Karman Space & Defense public, potentially valuing the company at $3 billion. The firm has engaged advisers to explore these options and has reached out to potential buyers. Karman, based in Huntington Beach, California, provides integrated systems for space, missile, hypersonic, and defense programs, with facilities in multiple states. Trive Capital, based in Dallas, has over $7 billion in assets under management and partnered with Aerospace Engineering Corp. and AMRO Fabricating Corp. to establish Karman. [Extracted from the article]

Yes! Communities, a major operator of manufactured-housing communities in the US, is considering an initial public offering in 2025, potentially raising over $1 billion. The Denver-based company, backed by Singapore's GIC Pte, is working with Goldman Sachs Group Inc. on the IPO. Led by CEO Steven Schaub, Yes! operates nearly 300 communities across the US, offering a hybrid model of leasing land while owning prefabricated houses. The company has not made a final decision on going public and may choose to remain privately held. [Extracted from the article]

ServiceTitan Inc., a home service software company based in Glendale, California, is aiming to raise up to $501.6 million in an initial public offering. The company plans to sell 8.8 million shares priced between $52 and $57 each, potentially giving it a market value of $5.16 billion. ServiceTitan's software is designed to enhance the efficiency of construction projects and service visits for small businesses in the home and commercial contractor market. Co-founders Ara Mahdessian and Vahe Kuzoyan will retain majority voting power after the IPO, with major stakes held by investors such as ICONIQ Growth, Bessemer Venture Partners, TPG entities, and Battery Ventures. The company reported a net loss of $195 million on revenue of $614 million in its fiscal 2024 year. The IPO is being managed by Goldman Sachs Group Inc., Morgan Stanley, Wells Fargo & Co., and Citigroup Inc., with plans for shares to trade on the Nasdaq Global Select Market under the symbol TTAN. [Extracted from the article]

The article discusses the performance of Donald Trump's social media platform, Truth Social, which has seen a modest increase in daily active users but still lags behind competitors like X and Instagram. Despite Trump's frequent posts on the platform, user engagement remains low, with users spending an average of 4.4 minutes per day on the app. The company's financials show significant losses, with revenue figures undisclosed for November and a reported loss of $19.2 million in the third quarter. Trump's partners have made profits by selling shares in the company, while Trump himself has not sold any shares as of the latest disclosure date. [Extracted from the article]

ServiceTitan Inc., a home service software company based in Glendale, California, is aiming to raise $501.6 million in an initial public offering, potentially the last major US listing of 2024. The company sells software to small businesses in the home and commercial contractor market to enhance project efficiency. Backed by firms like Index Ventures and Bessemer Venture Partners, ServiceTitan had a valuation of $7.6 billion after a 2022 funding round, with a net loss of $195 million on $614 million in revenue in fiscal 2024. The IPO is being managed by Goldman Sachs, Morgan Stanley, Wells Fargo, and Citigroup, with plans for shares to trade on the Nasdaq Global Select Market under the symbol TTAN. [Extracted from the article]

Pony AI Inc.'s American depositary shares dropped 7.7% after its US IPO, despite raising $413.4 million. The Chinese autonomous driving startup's shares closed below the IPO price at $12 each. Pony develops self-driving vehicles in the US and China, with permits for fully driverless taxi services in select cities. The company's backers include Saudi Arabia's Neom Co. and the Ontario Teachers' Pension Plan Board. [Extracted from the article]

Pony AI Inc.'s American depositary shares dropped 7.7% in their trading debut after raising $413.4 million in an initial public offering and private placements. The Chinese autonomous driving startup's shares traded below the IPO price, giving the company a market value of over $4 billion. Pony develops self-driving vehicles in the US and China, with permits for fully driverless taxi services in several cities. The company's backers include Saudi Arabia's Neom Co. and the Ontario Teachers' Pension Plan Board. [Extracted from the article]

Pony AI Inc.'s American depositary shares rose by 19% following its $413.4 million initial public offering and private placements, with each share trading at $15.50 in New York. The Chinese autonomous driving startup's IPO raised $260 million by selling 20 million ADS at $13 per ADS, and a private placement garnered an additional $153.4 million. Pony AI develops self-driving vehicles in the US and China, with a market value of nearly $5.4 billion. The company's backers include Saudi Arabia's Neom Co., the Ontario Teachers' Pension Plan Board, and HongShan Capital Group. [Extracted from the article]