Two of the biggest IPOs in history are taking each other to federal court
Elon Musk is suing Sam Altman for $134 billion for fraud and unjust enrichment, per CNBCMusk co-founded OpenAI in 2015 as a nonprofit, but he walked away in 2018 after donating ~$38M Shortly after, OpenAI took a $1,000,000,000 check from Microsoft and went for-profitMusk says he was defrauded, meanwhile Altman says Musk knew and backed the conversionJury selection starts MondayIf Musk wins: the 'for-profit' structure gets unwound, Altman and Brockman are removed, and all "ill-gotten gains" go back to the nonprofitIf Musk loses: OpenAI goes public this year, battling SpaceX for the largest IPO in history
Renaissance Intl Ipo
IPOS21.3822.48% ( -0.543 )
Renaissance Intl Ipo (IPOS)
IPOS tracks a cap-weighted index of recent IPOs listed internationally. The fund adds an IPO within 90 days of its initial listing.
- Open
- 21.380
- High
- 21.630
- Low
- 21.360
- Prev. Close
- 21.925
- Volume
- 1.16K
- Turnover
- 24.99K
- Avg Price
- 21.469
- Bid/Ask Ratio
- --
- Amplitude
- 1.23%
- 52wk High
- 26.250
- Volume Ratio
- 0.57
- Turnover Ratio
- 0.26%
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Horizon Robotics Grants Over 90 Million Class B Share Awards Under Post-IPO Incentive Plan
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Horizon Robotics grants 90,608,252 share awards under post-IPO incentive plan
