ipo

The largest private funding round in history values OpenAI at $852 billion, with Amazon, SoftBank, and Nvidia among the backers.

OpenAI discontinues its Sora video generation app, ends a three-year Disney licensing deal, and redirects compute to a new model codenamed Spud ahead of a potential IPO.

The 2026 tech IPO window that bankers predicted would be the busiest since 2021 has opened to near-silence, with Discord, Kraken, and Motive all stalled as a government shutdown hangover clogs the SEC pipeline and investors demand profitability over growth.

Fervo Energy closed a $421 million non-recourse financing package for its flagship Cape Station enhanced geothermal project in Utah, with first power expected in 2026 and an IPO filing reportedly underway.

Crane Harbor shareholders approve SPAC merger with Xanadu Quantum Technologies, clearing the way for a $3.6 billion Nasdaq and TSX listing under ticker XNDU on March 27.