WS #11190
Bending Spoons raised $1.68B at $29 vs $26-28 range, opened at $31 (+6.9%), indicating strong risk-on demand for tech IPOs. WSJ reported SpaceX showed investors a prototype of a handset-like AI device; Musk denied the report, but the story signals potential new hardware competition. BofA raised SanDisk price target to $2,500, citing NAND squeeze lasting through 2027, bullish for the stock. Nvidia invested in physical security firm Verkada at a $5.8B valuation, joining Alphabet's CapitalG, positive for AI/security convergence.
Bending Spoons IPO Above Range
Bending Spoons raised $1.68B at $29 vs $26-28 range, opened at $31 (+6.9%), indicating strong risk-on demand for tech IPOs.
WSJ reported SpaceX showed investors a prototype of a handset-like AI device; Musk denied the report, but the story signals potential new hardware competition.
BofA raised SanDisk price target to $2,500, citing NAND squeeze lasting through 2027, bullish for the stock.
Nvidia invested in physical security firm Verkada at a $5.8B valuation, joining Alphabet's CapitalG, positive for AI/security convergence.