How an IPO Actually Works: S-1, Bookbuilding & Greenshoe
From the S-1 registration statement to bookbuilding, allocation, the first trade, and the greenshoe option — a plain-English walk through the modern IPO process.
Bruno
Cerebras IPO Prices at $185, Far Above Range, for $5.55B
Cerebras priced its Nasdaq IPO at $185 a share — 19% above the upsized range — raising $5.55B as AI-chip demand erupts. Trading begins May 14 under CBRS.
Cisco Pops 15% on AI Order Surge — and Cuts 4,000 Jobs
Cisco beat Q3 with record $15.8B revenue, raised FY26 AI orders to $9B, and announced ~4,000 layoffs. Shares jumped about 15% after hours.
Yield Curve Explained: Shapes, Forces, and Inversion
A plain-English guide to the Treasury yield curve: what it is, the four shapes, why it can invert, and what each shape says about the economy.
Fervo Energy IPO Prices Above Range, Raises $1.89B
Geothermal pioneer Fervo Energy priced its upsized Nasdaq IPO at $27 on May 12, 2026 — above the raised range — to raise $1.89B as AI data centers chase 24/7 clean power.
Venture Global Jumps 14% on Q1 Beat, TotalEnergies LNG Deal
Venture Global stock surged 14% after Q1 revenue jumped 59% to $4.6B and the LNG exporter secured fresh supply deals with TotalEnergies and Vitol.
How Stock Splits Work — and Whether They Actually Matter
A stock split changes the share count but not the company. Here’s what splits actually do, why companies bother, and what the research says about returns.
EQT’s $3.8B Bid for Kakaku.com Sparks Japan PE Bidding War
Sweden’s EQT launched a $3.76B tender offer for Kakaku.com, the parent of Tabelog. Hours later, Bain Capital and LY Corp filed a competing joint bid.
MercadoLibre Q1: Revenue Up 49% as Credit Costs Crush Margins
MELI Q1 2026: revenue surged 49% to $8.85B — its fastest pace in nearly four years — but operating income fell 20% as credit-card provisions doubled.
Bond Pricing, Yield, Duration & Convexity Explained
Learn how bond prices move with interest rates, what duration really measures, and why convexity matters — with worked examples and real data.