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But we saved everything 🙂.
Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, reports that OpenAI is likely to raise $60 billion in its upcoming IPO, more than double the record set by Saudi Aramco.
The company is expected to reach a $1 trillion valuation, which would make it the world's 14th largest by market capitalization, according to Deutsche Bank's Adrian Cox.
Abramowicz has previously noted that five companies, including Alphabet and Nvidia, have driven half of the S&P 500’s growth since April, according to recent data. She also reported that UK 30-year yields recently reached their highest level since 1998, alongside weakness in the pound, as outlined in her analysis. These reports highlight ongoing shifts across equities and fixed income markets.