Anthropic Adjusts IPO Valuation Targets Ahead of Nasdaq Debut
Investors have reduced their valuation target for Anthropic's upcoming Nasdaq IPO to $1.5 trillion as the company faces significant compute infrastructure costs.

Investors have reduced their valuation target for Anthropic's upcoming Nasdaq IPO to $1.5 trillion as the company faces significant compute infrastructure costs.

AI-powered drug discovery startup Iambic Therapeutics raised $150 million in its Nasdaq IPO, with shares climbing 16% to $18.50 on the first day of trading.

Anthropic reports adjusted profitability for the third quarter of 2026 as it prepares for a Nasdaq IPO that could value the AI developer at up to $2 trillion.

Nasdaq-listed XRP treasury firm Evernorth Holdings has appointed Ripple CEO Brad Garlinghouse and two other Ripple executives to its advisory board.

Flex is spinning off its AI infrastructure unit, Axiom, into a public company valued at $37.5 billion to capitalize on data center demand.

Evernorth Holdings has debuted its XRPN shares on the Nasdaq exchange, offering investors equity exposure to its XRP-focused corporate treasury.

Nasdaq-listed Strive has increased its bitcoin holdings to 32,773 BTC following a recent purchase of 3,311 coins, now valued at $2,7 billion.

Agility Robotics plans to go public via a merger with Churchill Capital Corp XI, valuing the humanoid robot maker at $2.5 billion.

Major technology firms are set to invest over $750 billion in AI infrastructure in 2026, according to a recent Bloomberg report on rising investor optimism.

Evernorth Holdings, a Ripple-backed firm holding 473 million XRP, saw its stock price decline on its Nasdaq debut following a merger with Armada Acquisition Corp. II.

Nasdaq-listed DeFi Development Corp expanded its Solana treasury by 22,070 tokens while its CHAD preferred stock reached record highs.

Evernorth Holdings has debuted on the Nasdaq under the ticker XRPN, marking the first public vehicle dedicated to XRP following a SPAC merger.

Ripple-backed Evernorth has debuted on the Nasdaq following a SPAC merger, entering the public market with 473 million XRP and a strategy to generate yield through decentralized finance.

Evernorth Holdings has listed its shares on Nasdaq under the ticker XRPN and appointed former Coinbase executive Hugo Jeandesboz as its new chief investment officer.

Strategy has acquired 250 BTC for $21.5 million and repurchased $192.4 million in preferred stock as it continues its aggressive bitcoin accumulation program.

Evernorth Holdings shares climbed 5% on their Nasdaq debut, marking the launch of the first pure-play XRP digital asset treasury company.

Nasdaq-listed DeFi Development Corp. has purchased 22,070 SOL for $2.43 million, continuing its strategy of building a treasury focused exclusively on the Solana token.

Evernorth Holdings is set to debut on the Nasdaq under the ticker XRPN on October 12, following a merger with Armada Acquisition Corp. II and the consolidation of 473 million XRP in its treasury.

Shares of AI chipmaker Cerebras Systems have fallen below their $185 IPO price, trading at approximately $165 following the expiration of the company's lockup period.

Moderna shares have surged 663% in 2026, making it the best-performing stock in the S&P 500 following positive clinical trial results for its experimental cancer vaccine.
