Search results for "IPO"
Today
10:52

Tesla Invests $2B in SpaceX Ahead of Expected Mid-2026 IPO

Gate News message, April 23 — Tesla confirmed a $2 billion equity investment in SpaceX on April 22, as disclosed in its Q1 2026 earnings filing. The company's stock held near $387 at the time of writing, with gains of 6% over the past 7 days and 5.31% over the past 30 days. The $2 billion funding o
More
XAI2,34%
05:02

Chinese Robovan Operator Zelos Eyes $600M Hong Kong IPO

Gate News message, April 23 — Chinese autonomous delivery truck operator Zelos Technology is planning a Hong Kong IPO expected to raise approximately $600 million, according to Bloomberg. The company is in talks with banks; the size and timing of the offering could still change. Founded in 2021, Zelos operates more than 25,000 autonomous vehicles across China and has expanded into Singapore, the United Arab Emirates, and other parts of Southeast Asia and the Middle East. Alibaba's logistics unit Cainiao became a shareholder earlier this year and integrated its unmanned vehicle unit into Zelos through a cash and asset injection in early 2026, expanding the fleet from 2,000 vehicles in 2024 to more than 20,000. Zelos now operates under two brands: its own name for technology products and the licensed "Cainiao Autonomous Vehicle" brand for certain logistics and enterprise customers. The company claims it can reduce last-mile delivery costs by approximately 50% and expects to break even, including R&D expenses, once its fleet reaches about 50,000 vehicles. Management says it expects to deliver more than 1,000 vehicles overseas by the end of 2025.
More
07:21

Vingroup Abandons 4.8 GW LNG Plant, Pivots to Renewables and Battery Storage

Vingroup shifts from a 4.8 GW LNG plant to wind, solar, and storage in Haiphong, citing Middle East risks; seeks clearance to replace LNG with renewables, aligns with PDP VIII; Green SM IPO planned for 2028; VinFast targets profitability in 2027. Abstract: Vietnam’s Vingroup abandons a planned 4.8 GW LNG project in Haiphong to pursue wind, solar, and battery storage, citing Middle East risk and PDP VIII alignment; a Green SM IPO is planned for 2028, while VinFast targets profitability in 2027 and 300,000 vehicle deliveries in 2026.
More
02:31
1

A major CEX launches IPO Prime, the first product tied to a SpaceX token

Gate News4月22日 says the Seychelles exchange has launched IPO Prime, a tokenized IPO pre-investment channel. The first batch is related to SpaceX, issued on Solana by Republic; the tokens do not confer equity, voting, or dividends, but instead track a reference index tied to post-listing valuations. During the short subscription window, investors pledge stablecoins; after issuance, the tokens can be traded on the spot market, which is shorter than the lock-up period of a traditional IPO. Industry analysts say this is part of a broader trend in the "aggregation era," consolidating more investors and platforms for continuous trading.
More
PRIME5,37%
00:01

Revolut Discusses $150B-$200B IPO Valuation, Plans Listing After 2028

Gate News message, April 22 — Revolut, a London-based fintech firm, has discussed a potential IPO valuation of $150 billion to $200 billion with investors, though the company stated it does not plan to list before 2028 and has set no formal target. Revolut recently obtained a full UK banking license
More