Wall Street is licking its chops at the mere prospect of an OpenAI IPO, which could unleash a financial frenzy with little precedent if and when it arrives. Why it matters: A stock offering — potentially two years away — is driven by necessity.

Navan is perhaps the most high-profile IPO over the past month, as the SEC's filing process has stalled with 90% of staff furloughed.

Gloo Holdings, a religious-oriented technology firm, is seeking a valuation of up to $873.4 million in its U.S. initial public offering, the company said in a filing on Thursday, underscoring a strong momentum for fresh offerings.

OpenAI is preparing for a potential initial public offering that could rank among the largest ever, with internal discussions valuing the artificial intelligence company as high

Kotak noted that Cognizant’s deal mix has become more balanced between cost optimisation and innovation-led engagements, a shift from its earlier focus on cost takeouts.

Navan finished its first day trading at an approximate valuation of $4.7 billion, which is about half of its last private valuation of $9.2 billion.

The tech rivalry with the U.S. has made China take an unusual step: It is accelerating the pace at which startups go public in hopes of increasing investment in the tech sector. In recent months, securities regulators in China approved the public listings of two chip designers,

The decent GMP despite elevated valuations indicates that the market is looking at it more as a technology company which can scale rapidly, said one analyst.

Princes, a manufacturer of tinned fish, chopped tomatoes and cooking oil, priced its shares at 475p, at the bottom of the range, giving it a market capitalisation of £1.16bn compared to early hopes of a £1.5bn valuation.