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OpenAI's $852B IPO Syndicate, ASEAN Digital Economy Deal & India Chips
Audio is available on Spreaker — see link below.
Wall Street assembles a four-bank IPO syndicate for OpenAI's $852 billion listing as ASEAN seals a landmark digital economy framework covering payments and AI regulation across ten nations. Plus JPMorgan insider fraud, and India's semiconductor bet.
Audio is available on Spreaker — see link below.
OpenAI is assembling the most powerful IPO banking team in recent memory. JPMorgan Chase and Citigroup are now in talks to join Goldman Sachs and Morgan Stanley as underwriters for the company's planned public listing, targeting September twenty twenty-six at a valuation of eight hundred and fifty-two billion dollars.
Staying with JPMorgan, but a very different story. A former employee, Dyemond Williams, has been permanently banned from the US banking industry after making unauthorized withdrawals totaling thirty-eight thousand five hundred dollars from customer accounts in April twenty twenty-two.
Shifting region. ASEAN senior officials have concluded negotiations on the Digital Economy Framework Agreement, a landmark deal covering e-commerce, data governance, cross-border payments, and AI regulation across the ten-member bloc.
One more data point worth registering. In India, C2i Semiconductors closed a sixteen point seven million dollar Series A led by Peak XV Partners, and B2B quick commerce platform Fairdeal dot Market secured fifteen million dollars in its own Series A.
Three things to track from here. The OpenAI S-1 filing date, which will set the real clock on that September twenty twenty-six listing.
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