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Lime Prices IPO at $1.6B Valuation, Tripling 2020 Value Despite Widening Losses
The scooter rental firm priced shares at $25, the midpoint of its range, achieving a 1.8x price-to-sales multiple on $886.7 million in 2025 revenue, a valuation below Uber but in line with Lyft.
SK Hynix raises $26.5B in record US debut to fund advanced memory expansion
The South Korean supplier leveraged massive institutional demand to secure the largest foreign public offering in history, shifting competitive pressure onto its primary manufacturing rivals.
Rubrik commits $500M to UK expansion as AI data resilience demand scales
The cybersecurity vendor is establishing a London headquarters to capture European enterprise contracts, targeting companies protecting proprietary model weights and training pipelines.
Meta Reportedly Building ‘Hatch’ AI Agent Powered by Muse Spark Model
The agent, inspired by the open-source OpenClaw framework, is part of a broader push into agentic AI and e-commerce tools for platforms like Instagram, according to a report from The Information.
Google Consolidates Health Offerings, Launches Gemini-Powered Coach for $9.99/Month
The company will shutter its Google Fit app by the end of 2026, rebranding the Fitbit app to Google Health and introducing a premium AI coaching service to compete with Apple.