Blackstone Closes an $8.7 Billion Energy Fund While Others Wait
Blackstone told investors on October 19 that its fifth energy transition fund had closed at 8.7 billion dollars, hitting its hard cap and finishing more than 50 percent above the…
Tenstorrent Raises $1.5 Billion and Chooses Independence Over a Buyer
The offer came twice this year, once from Intel and once from Qualcomm, according to people familiar with the matter. On October 19 Tenstorrent answered both with a financing: a…
Seoul Warns That Solidigm’s American IPO May Break Its Rules
The question came from a legislator in a hearing room in Seoul on October 20, and the answer from the head of the Financial Supervisory Service was careful. Lee Chan-jin…
Amazon Pays for the Racks Before the Power Arrives
The email arrived in August, according to a report in Business Insider on October 19, and it described a process with an unremarkable name: early rack receipt. Under the arrangement,…
The NYSE Starts Selling Options Before Breakfast
At 7:30 on Monday morning, NYSE American began accepting orders for options on the S&P 500’s most traded fund, on Apple, on Nvidia and on a short list of other…
JPMorgan’s Defense Fund Is Moving Faster Than Its Own Timetable
The factory floor in Southern California runs about ten robots for every person on it, by its founder’s account, machining parts for aircraft, ships and weapons. Hadrian, the company that…
Seoul Asks Whether a Second Listing Can Sell the Same Business Twice
The question put to Korea’s top financial regulator on Monday was procedural, and the answer was not. At a parliamentary audit of the National Assembly’s political affairs committee, a lawmaker…
Nscale Seeks 30 Billion Dollars in Its IPO. Investors Are Offering Half.
The distance between what a company asks for and what buyers will pay is usually negotiated in private, across a table, with a banker in the room. For Nscale it…
Anthropic Sets Aside 5 Percent of Itself, With a Formula for More
The unusual part of the commitment was not the 5 percent. It was the clause that came after it. Anthropic said on October 18 that it will place 5 percent…
If Everyone Is Arguing About the Bubble, the Bubble Has Time
Howard Marks does not test for a bubble by looking at the price. He tests for it by listening to the room. A real one, in his account, is a…
