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Major crypto exchange eyes IPO amid market slump
TheStreet52d agobearish
Major crypto exchange eyes IPO amid market slump

The Bithumb crypto exchange is preparing for a 2028 initial public offering (IPO) after reorganizing its business and setting out a two-year program to strengthen accounting, compliance and risk controls. South Korea’s largest cryptocurrency exchange said it expects to complete internal-control ...

Investing.com59d agobearish
Seaport downgrades Warner Bros Discovery as merger delay clouds upside

Investing.com -- Seaport Research Partners downgraded Warner Bros Discovery to Neutral from Buy, arguing that a prolonged delay to its proposed acquisition by Paramount Skydance reduces the attractiveness of the stock despite potential upside if the transaction is ultimately completed. The downgrade follows Paramount Skydance's decision to put the acquisition on hold until as late as June 1, 2027, as it seeks to address legal challenges from the Writers Guild and several U.S. state attorneys gen

SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition' (UPDATED)
Benzinga64d agobearish
SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition' (UPDATED)

Editor’s Note: This story has been updated to include a response from an Intel spokesperson. SK hynix Inc (NASDAQ:SKHY) said Tuesday it has neither pursued nor decided to acquire Intel Corp‘s (NASDAQ:INTC) Ohio semiconductor campus, denying a media report that claimed the South Korean memory chipmaker was in talks to buy the site. SK hynix Responds to Korea JoongAng Daily Report SK hynix issued the clarification in a Korea Exchange filing after Korea JoongAng Daily reported that the company was

How Apple’s big lawsuit could disrupt OpenAI’s IPO plans
TechCrunch69d agobearish
How Apple’s big lawsuit could disrupt OpenAI’s IPO plans

Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the timing couldn’t be worse with the company reportedly eyeing an IPO […]

Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex
Reuters70d agobearish
Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex

Short sellers ‌targeting SpaceX shares ​are sitting on an estimated $8.7 billion in ‌paper ⁠profit since the rockets-to-AI ⁠firm's initial public offering, ​as ​its ​stock slipped ‌below the IPO price, according to data and analytics ‌firm ​Ortex ​Technologies. Short ​sellers aim ‌to sell borrowed ​shares ​to buy them back ​at ‌a profit. (Reporting ​by Saqib Iqbal ​Ahmed)