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Category: IPO

five hands raised

5 Questions Raised by OpenAI’s For-Profit Shift

five hands raised

Arguably one of the least nonprofit of nonprofit entities to ever exist, OpenAI’s transition to a for-profit company began in earnest with last week’s announcement that it has raised $6.6 billion in venture capital funding. OpenAI has opera...

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DNA double helix

Mass Resignation of 23andMe Directors Caps Year Beset by Board Drama

DNA double helix

In the latest example of board-related drama in a year riddled with it, embattled genetic testing company 23andMe was dealt yet another blow last week when all seven of its independent directors resigned en masse over disagreements about th...

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conch shells on shoreline

Nasdaq, NYSE Propose Aligning Deadlines for SPAC Mergers, Delistings

conch shells on shoreline

The quest for uniformity between the major U.S. stock exchanges when it comes to mergers of special purpose acquisition companies took an interesting turn this week. First, a primer on recent events for the uninitiated. SPACs are shell comp...

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elephants wrestling

Complex Issues Affecting U.S.-China Relations Pose Risks for Corporations

elephants wrestling

From imported cotton to TikTok, a host of contentious issues continue to complicate relations between the United States and China. The disputes also present thorny risks for corporations seeking to expand their operations or simply avoid co...

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A murder of conspiratorial looking crows

Reddit Readies for Life as a Public Company

A murder of conspiratorial looking crows

For the conspiratorially minded who flock to the site, the rumor that Reddit was preparing to hold an initial public offering probably sounded like a classic false flag operation. Last week, however, the social media trailblazer confirmed t...

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