Public Markets

Cerebras closes at $70B on Nasdaq debut as Abu Dhabi-fuelled AI chipmaker prices year's biggest IPO

May 15, 2026

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1 min read

Cerebras closes at $70B on Nasdaq debut as Abu Dhabi-fuelled AI chipmaker prices year's biggest IPO

Shares closed at $311 on their first day of trading on Thursday, up 68% from the $185 IPO price and briefly touching $385 before trading was halted for volatility.

Jamie Lane

Public Markets

At Delivery Hero, MENA is doing most of the heavy lifting

Apr 30, 2026

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4 min read

At Delivery Hero, MENA is doing most of the heavy lifting

The Berlin-listed group's Gulf operations now generate roughly 60% of its EBITDA from 30% of its GMV. A regulator-mandated divestment of its largest shareholder will test what that engine is worth.

Jamie Lane

Public Markets

Cerebras refiles for IPO at $23B valuation after clearing G42 security review, but 86% of its revenue still comes from Abu Dhabi

Apr 24, 2026

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2 min read

Cerebras refiles for IPO at $23B valuation after clearing G42 security review, but 86% of its revenue still comes from Abu Dhabi

The AI chipmaker whose first IPO attempt stalled in late 2024 amid a US national security review, filed a fresh S-1 with the SEC on 17 April targeting a Nasdaq listing at approximately $23 billion.

Jamie Lane

Public Markets

Rasan: A quiet toll bridge on Saudi's insurance float

Apr 15, 2026

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24 min read

Rasan: A quiet toll bridge on Saudi's insurance float

The Kingdom's first true fintech IPO is now a $2.8 billion company with 38% net margins, zero debt, and $198 million in cash. A forensic breakdown of Rasan's FY2025 audited accounts.

Jamie Lane

Public Markets

SpaceX files confidentially for record IPO, with Gulf sovereign investors now on the cap table through xAI merger

Apr 2, 2026

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5 min read

SpaceX files confidentially for record IPO, with Gulf sovereign investors now on the cap table through xAI merger

If it goes ahead at anything close to that scale, it would surpass Saudi Aramco's $29 billion IPO in 2019 as the largest public offering in history.

Jamie Lane

Foodtech

Travis Kalanick folds CloudKitchens into new robotics company Atoms, raising questions over shelved Middle East IPO

Mar 23, 2026

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5 min read

Travis Kalanick folds CloudKitchens into new robotics company Atoms, raising questions over shelved Middle East IPO

The announcement ends eight years of stealth during which thousands of Atoms employees were reportedly not permitted to publicly name their employer.

Jamie Lane

Public Markets

Talabat proposes share buyback after stock drops more than 50% from IPO price

Mar 17, 2026

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3 min read

Talabat proposes share buyback after stock drops more than 50% from IPO price

The buyback, subject to shareholder approval at the company's annual general meeting on April 13, would be executed over up to two years through open-market transactions on the DFM.

Jamie Lane

Public Markets

Bosta lines up Egypt's first tech logistics IPO in a deal worth up to $170 million

Feb 27, 2026

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5 min read

Bosta lines up Egypt's first tech logistics IPO in a deal worth up to $170 million

The Cairo-based delivery startup is preparing to float 20% to 30% of its shares on the Egyptian Exchange by the end of 2026, with EFG Hermes managing an offering that would raise roughly $170 million and mark the EGX's first listed parcel-delivery company.

Jamie Lane