OpenAI on Track to Top $40 Billion Annual Revenue Ahead of IPO
OpenAI's annualized revenue has reportedly surpassed $40 billion, doubling since late 2025, driven by paid ChatGPT and Codex.
IPO News and Analysis
Unitree Robotics IPO in Shanghai Draws 5,526 Times Retail Demand
Unitree Robotics' Shanghai IPO was oversubscribed 5,526 times by retail investors, valuing the company at $9 billion.
Chinese Memory Chip Maker CXMT Surges 500 Percent in Shanghai Trading Debut
CXMT, a Chinese memory chip maker, surged 500 percent on its Shanghai debut, becoming the most valuable company in mainland China.
CXMT Raises $9.8 Billion in Shanghai IPO, Market Cap Could Surge
CXMT raised $9.8 billion in a hugely oversubscribed Shanghai IPO, set to debut with an initial market cap of about $85 billion.
OpenAI Appoints Two Bank CEOs to Board Ahead of IPO
OpenAI has added Nubank CEO David Vélez and BNY CEO Robin Vince to its board, signaling progress toward a public listing.
Moonshot AI Plans Hong Kong IPO Within Six Months After Kimi K3 Breakthrough
Moonshot AI is preparing for a Hong Kong IPO within six months at a $20-30 billion valuation after its Kimi K3 model outperformed US rivals and roiled global markets.