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Keywords: IPO


French quantum startup Pasqal raises €340 million and targets dual Paris–Nasdaq listing

French quantum computing startup Pasqal has announced a major financing package of 340 million euros alongside a merger with a listed shell company, paving the way for a dual stock market listing in Paris and on the Nasdaq at a pre‑money valuation of 2 billion dollars. Half of the new funds, or 170......

SGTM revenue jumps to $1.52 billion as order book doubles

Moroccan construction and engineering group SGTM reported consolidated revenue of MAD 15.2 billion, or $1.52 billion, in 2025, up 36.6 percent from MAD 11.1 billion in 2024. The company linked the increase to faster execution of ongoing projects and the launch of major infrastructure programs. Fourth-quarter......

Finland's IQM plans SPAC listing in US at $1.8 billion value

Finland’s IQM Quantum Computers has agreed to merge with Real Asset Acquisition Corp, a US-listed special purpose acquisition company, in a deal that would take the quantum hardware maker public at an equity valuation of about 1.8 billion dollars. The transaction, which remains subject to approval......

Musk restructures xAI into four divisions amid cofounder departures

Elon Musk has overhauled the structure of his artificial intelligence company xAI after a wave of departures that has seen half of its original cofounding team exit since its launch in July 2023. The latest resignations, announced within 48 hours of each other, come as Musk prepares to integrate xAI......

SpaceX and xAI in merger talks ahead of record IPO

SpaceX and Elon Musk's xAI are negotiating a potential merger that could pave the way for the largest initial public offering in history, according to an exclusive Reuters report. The deal would unite Musk's aerospace powerhouse with his AI venture, folding the Starlink satellite network, the......

SGTM gains AMMC approval for landmark Casablanca IPO

La Société Générale des Travaux du Maroc (SGTM), a leading Moroccan construction and infrastructure group, has officially received approval from the Moroccan Capital Market Authority (AMMC) to launch its highly anticipated initial public offering (IPO) on the Casablanca Stock......

SGTM prepares Casablanca IPO to fund $3.4 billion construction boom

Moroccan construction giant SGTM is gearing up for an initial public offering (IPO) on the Casablanca Stock Exchange as it seeks funding to support a record-breaking $3.4 billion order book. The company, which has secured contracts worth MAD 34 billion as of September, aims to sustain its rapid expansion......

Cash Plus IPO: 750 million MAD in shares

The Moroccan Capital Market Authority (AMMC) approved on Friday the prospectus for the initial public offering (IPO) of Cash Plus, marking a significant step in the development of Morocco’s financial sector. The operation involves the issuance of 2 million new shares and......

Uber strengthens ties with Chinese robotaxi firms through $100 million investment

Uber Technologies is set to invest $100 million in Pony AI, a leading Chinese robotaxi company, as part of a strategic move to deepen its foothold in the rapidly expanding autonomous vehicle market. The investment will be made via Pony AI’s initial public offering (IPO) in Hong Kong, which launched......

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