Japan, known for its innovative technology, is currently falling behind in the race to develop generative artificial intelligence algorithms. Generative AI has become a hot topic in the tech industry, with the potential to significantly boost global GDP. However, Japan is trailing behind the US, China, and Europe in terms of large language model (LLM) …
Car-sharing service Turo, social media platform Reddit, and grocery delivery service Instacart have all submitted IPO filings, but none have gone public yet. Despite a strong rebound in tech stocks and a pipeline of companies waiting to go public, the IPO market has been relatively quiet. The lack of notable venture-backed tech IPOs since December …
Oddity, a beauty and tech company that operates the Il Makiage and Spoiled Child brands, has filed for an IPO as the IPO market begins to thaw. The Israel-based company intends to trade on the Nasdaq under the ticker symbol ODD. While the pricing details have not been disclosed yet, Oddity stated that the offering …
Bankers are celebrating Cava as the catalyst for a new bull market, and they believe it has the potential to push companies towards going public. “This was a highly anticipated day on Wall Street, marking the end of the IPO freeze,” stated Dan Ives, managing director at Wedbush Securities. “It’s the IPO that made headlines …
CAVA, at the New York Stock Exchange during its initial public offering, June 14, 2023. Source: NYSE Discover the noteworthy companies making significant moves in the middle of the day. Cava Group — Shares experienced an impressive 91% surge during midday trading on its first day as a publicly traded company. Cava Group set its …
A person departs a Cava restaurant chain location in Pasadena, California, Feb. 6, 2023. Mario Tama | Getty Images News | Getty Images As Cava makes its public debut on Thursday, other restaurant companies will closely observe its performance before deciding whether to follow suit. The past 18 months have witnessed the slowest initial public …