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Topic: IPO

The stock market debut could make Shein the most valuable Chinese company to go public in the United States since ride-hailing giant Didi News 

Shein Seeks US IPO with Valuation of USD 60 Billion, Reports Say

Adriana Marais, , ,

According to sources, Shein, the Chinese e-commerce company specializing in fashion and valued at over $60 billion, has filed for an initial public offering in New York. The company has been facing scrutiny from U.S. lawmakers regarding its labor practices. The stock market debut could make Shein the most valuable Chinese company to list in the U.S. since ride-hailing giant Didi Global listed in New York in 2021 at a valuation of $68 billion. Didi was removed from New York a year later against the Chinese tech giants in Beijing…

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OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity AI 

OpenAI CEO Shares Thoughts on Potential IPO

Nitin Misra, , ,

During a conference in Abu Dhabi, Chief Executive Sam Altman stated that OpenAI, which is supported by Microsoft and responsible for ChatGPT, has no immediate intentions of becoming a publicly traded company. “As we develop superintelligence, we’re likely to make decisions that most investors find very strange,” Altman said. “I don’t want to challenge the public markets, Wall Street, etc., so no, I’m not interested,” he said when asked if he would take OpenAI public. OpenAI has so far raised $10 billion from Microsoft at a valuation of nearly $30…

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