OPay

2 days agoNews Editor

SoftBank-backed African fintech OPay completes New York IPO at about $4 billion valuation

SoftBank-backed African fintech company OPay Ltd. has completed its initial public offering in New York, according to Techub News, citing Bloomberg. The company priced its shares at $19 each in the offering. Based on that pricing, OPay was valued at about $4 billion after the IPO. The brief report identifies OPay as an African fintech firm and notes SoftBank Group as a backer. No additional deal terms were disclosed in the source provided. The listing marks OPay’s completion of a public offering in New York, with the share price and valuation standing out as the key figures reported in the update.

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Anthropic

3 days agoNews Editor

Hill estimates an Anthropic IPO could create 4,257 millionaires

Private market platform Hill estimates that an initial public offering by artificial intelligence company Anthropic could create 4,257 millionaires, according to a report cited by Cointelegraph. The estimate breaks down into several wealth bands: around 50 employees could end up with fortunes above $100 million, about 1,200 people could hold between $10 million and $99 million, and roughly 3,000 could land in the $1 million to $9 million range. Hill also said Anthropic’s seven co-founders are already billionaires and that each of them could see their net worth reach about $28 billion after a listing. Based on Hill’s data, only SpaceX has produced more potential millionaires under a similar calculation, at roughly 4,400 people. The figures reflect Hill’s estimate of the wealth impact tied to a possible Anthropic IPO.

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Embodied AI

3 days agoNews Editor

Embodied AI funding hit RMB 93.5 billion in H1, but the valuation cycle has already peaked

ABMedia, citing a long-form analysis republished from 0xjacobzhao, argues that embodied AI and humanoid robotics are being priced as if the industry were already in a much later stage of commercialization than it actually is. The piece says the sector is still in a capital formation phase, while investors are assigning valuations based on deployment economics that have not yet been proven at scale. According to the report, domestic embodied AI financing reached RMB 93.5 billion in the first half of 2026, about five times the level seen a year earlier. At the same time, the valuation cycle has already topped out, making the current setup more dangerous than a typical late-stage primary market because fresh money is still entering at peak prices. The article uses Unitree’s August 19, 2026 STAR Market debut as a key case study. Unitree opened up 629% on its first trading day, briefly reaching a market value of RMB 444.9 billion, but later fell sharply. By October 13, its market value had dropped to about RMB 174 billion, roughly 61% below its intraday high. The report also says scrutiny around humanoid robot listings has tightened, with IPO review speed slowing and September financing for humanoid robot companies falling about 73% from August. Its broader conclusion is that investors should stop waiting for an “AI-style earnings transmission” signal and instead focus on whether narrow deployment scenarios can prove repeatable unit economics, real customer demand, and cash collection.

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Anthropic

3 days agoNews Editor

Kain Warwick Says Anthropic’s Founder Voting Structure Looks Like an Attempt to Build a DAO

Kain Warwick, founder of Infinex and Synthetix, said Anthropic’s post-IPO governance design resembles a DAO-style coordination experiment, arguing that the problem is not founder control itself but the need for seven co-founders to act through a single voting bloc. Speaking on the Oct. 28 episode of Uneasy Money, Warwick pointed to Anthropic’s Oct. 26 S-1 filing with the U.S. Securities and Exchange Commission, which says one share of Class F stock will be held by a Founder LLC initially owned only by the company’s seven co-founders, including Dario and Daniela Amodei. That single share carries 50.1% of the voting power but no economic rights. Warwick said dual- or special-class founder control is not unusual, citing Mark Zuckerberg and Google’s founders, but argued that pooling votes into one coordinated structure creates the kind of governance friction crypto participants have already seen in DAOs. Austin Griffith of the Ethereum Foundation made a similar point on the same show, saying seven people in charge would slow decisions. Anthropic’s filing says continuing founders each get one vote, with the majority generally determining how the Class F share is cast; if there is no majority, the share will generally vote in proportion to Class A common stock. The filing also says most board seats are filled by the Long-Term Benefit Trust, and it acknowledges the structure has no direct public company precedent.

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Anthropic

3 days agoNews Editor

Crypto Pre-IPO Contracts Value Anthropic at About $1.9 Trillion After Public Filing

Anthropic made its IPO filing public on Monday, and offshore crypto markets quickly put a price on the company before any official IPO range was disclosed. Across seven crypto exchanges, contracts tied to Anthropic implied a valuation between roughly $1.87 trillion and $1.92 trillion. On trade.xyz, which runs on the Hyperliquid blockchain, a contract linked to Anthropic shares opened at $138 on Monday and traded near $115 by Tuesday afternoon, placing crypto pricing near the top end of the reported $1.5 trillion to $2 trillion valuation target for the offering. Pricing is reportedly expected in mid-November, while the filing itself left the share count and price range blank. Unchained said the best available benchmark for judging this signal comes from seven earlier pre-listing perpetual contracts that ran into actual listings: Cerebras, Quantinuum, SpaceX, SK Hynix, CXMT, Unitree, and SHEIN. The record suggests these contracts have tracked first-day closing direction better than opening trades, but still missed the opening print by about 25% on average. The report also stressed that these products offer synthetic exposure only, not actual Anthropic stock, and are not available to U.S. residents.

170

RedotPay

3 days agoNews Editor

RedotPay tops 9 million users with $12 billion in annualized payment volume

Stablecoin payments platform RedotPay has surpassed 9 million users, with operations spanning more than 100 countries and regions and annualized payment volume reaching $12 billion, according to Techub News. The company offers crypto-linked card products as part of its payments business. Techub, citing CoinGape, also said RedotPay is considering an initial public offering in the United States. The update points to continued growth in the company’s user base, geographic reach, and transaction scale, while also indicating that a potential U.S. listing is under consideration.

180

Nscale

4 days agoNews Editor

Nscale says IPO plan remains on track with $30 billion valuation target

Nscale, an AI data center developer that pivoted from bitcoin mining, is still moving ahead with plans to go public at a target valuation of $30 billion, according to ChainCatcher, citing people familiar with the matter. Founder and CEO Josh Payne told employees in a recent internal memo that the company has "insatiable" market demand and a "robust capital structure," adding that "the data speaks for itself." The comments come as the AI infrastructure sector faces pressure. Nscale has said it signed $103 billion in contracts, but had delivered only 55 megawatts of computing capacity as of August 2026, while potential contracted demand would require 10 gigawatts of capacity. The report also said the company’s data center projects have run into delays, safety violations and operational issues. Microsoft recently withdrew from one of Nscale’s data center projects in the UK.

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Anthropic

4 days agoNews Editor

Anthropic files for Nasdaq listing with $131.7 billion in cash and short-term investments

Anthropic filed to list on Nasdaq on Monday, and its S-1 filing shows an unusually large cash position for a non-bank U.S. company. As of June 30, 2026, the company held $112.4 billion in cash and cash equivalents and another $19.3 billion in short-term investments, for a combined $131.7 billion. CNBC, citing data compiled by S&P Capital IQ, said that total is higher than every non-bank U.S. company except Berkshire Hathaway and Alphabet. The report also said Anthropic’s cash position exceeds those of Amazon, SpaceX, Meta and Microsoft, and is larger than the combined cash held by Nvidia and Apple. The filing shows cash and cash equivalents rose from $17.4 billion at the end of last year to $112.4 billion by June 30, an increase of about $95 billion in six months. Anthropic said the main source was convertible preferred stock issuance, which brought in net proceeds of $110.4 billion in the first half of the year. Since inception, the company has raised $141.1 billion. The filing also disclosed major future commitments tied to compute and infrastructure, including $321.4 billion in signed but not yet commenced lease obligations and $265.6 billion in fixed or minimum cloud-service commitments.

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