(Reuters) -Consumer insights company NIQ Global filed for an initial public offering in the United States on Friday, more than four years after it was spun out of media analytics giant Nielsen Holdings (NYSE:NLSN). NIQ, which is backed by investment giants Advent International and KKR, joins a growing number of companies preparing to list their shares as the U.S. IPO market stirs back to life foll ...
(Reuters) -OpenAI has recently begun renting Google (NASDAQ:GOOGL)’s artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company’s shift away from relying on backer Microsoft (NASDAQ:M ...
By Pete Schroeder and Nupur Anand WASHINGTON (Reuters) -Twenty-two of the largest banks in the U.S. are well-positioned to weather a hypothetical severe economic downturn and continue lending, with firms maintaining robust capital levels even after suffering hundreds of billions of dollars in losses, the Federal Reserve reported on Friday. The results of the U.S. central bank’s annual "stress te ...
By Scott Murdoch and Christine Chen SYDNEY (Reuters) -Virgin Australia shares rallied 8.3% on Tuesday, after its A$685 million ($439 million) initial public offering, a transaction dealmakers hope will revive a subdued listings market. The airline sold 236.2 million shares at A$2.90 each, valuing it at A$2.32 billion on a fully diluted basis. The stock began trading at A$3.14, outpacing a 1.2% gai ...