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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.
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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.