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.
capital markets
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.
JPMorgan Files to Launch Tokenized Money Market Fund on Ethereum
JPMorgan’s Kinexys unit has filed with the SEC to register JLTXX, a tokenized U.S. Treasury money market fund on Ethereum, entering a $15.8 billion market.
Blackstone Launches $1.75B Data Center REIT IPO Amid AI Boom
Blackstone’s $1.3T asset manager brings a $1.75B data center REIT public on May 14, targeting hyperscale cloud tenants as AI fuels unprecedented infrastructure demand.
Verizon Issues $4B in Dollar Hybrid Bonds for the First Time
Verizon priced $4B in its first-ever USD hybrid bonds, completing a $12B global program alongside tender offers on 31 series of legacy debt.
Rolls-Royce Lines Up Euro Bond as NATO Defense Spending Hits $574B
Rolls-Royce is arranging a rare Euro bond to build cash reserves as NATO defense spending surges 20% to a record $574 billion — here’s what’s driving the capital raise.
Cerebras Systems IPO: $3.5B Raise Targets a $28B Valuation
Cerebras Systems targets $3.5B in a May 14 Nasdaq IPO, riding 76% revenue growth and a $10B+ OpenAI compute deal to a valuation near $28 billion.
Bond Markets Warn as U.S. Debt Approaches $39 Trillion
The U.S. government is forced to issue more debt than projected as cash flows weaken — and long-term Treasury yields are holding stubbornly high in a dynamic analysts call unprecedented since 1990.
Bullish Buys Equiniti for $4.2B to Tokenize Shareholder Services
Bullish agreed to acquire Equiniti for $4.2B, combining a crypto exchange with a transfer agent serving 3,000 issuers and $500B in annual payments.
Micron’s Best Week Since 2008 Ignites AI Chip Capital Markets
Micron surged 15.5% in its biggest week since 2008 as AI memory demand booms. Here is what it means for CHIPS Act financing, corporate bonds, and the Cerebras and Quantinuum IPO pipeline.