I write and talk about a wide range of things. IPOs, spins, SPACs and memes. @business @SyracuseU Alum. Views are my own [email protected] DM for Signal
Joined August 2013
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~Professional update~ I'm now a senior reporter here on the US equities team at Bloomberg News and in addition I will also be helping shape our coverage of equity capital markets (primarily through the daily ECM Watch column)
AI cloud firm Nscale is in talks to sell computing power to Anthropic in a deal that could be worth about $45 billion, according to people familiar with the negotiations.
Another Nscale scoop but with the homies @BrodyFord_ @dinabass
bloomberg.com/news/articles/…
Sunday Scoop:
Nscale is facing opposition to the valuation it’s pursuing in its initial public offering, according to people familiar.
The Nvidia-backed firm has been seeking a valuation of about $30 billion. An investor cohort lately urged that a valuation in the $16 billion to $19 billion range would be more likely to find favor with buyers.
bloomberg.com/news/articles/…
But isn’t he the only one to finish the beer? Or during the ad did they swap it for some food colored water?
Bailey Lipschultz retweeted
Rob Arnott thinks the US market is frothy and expensive. He also thinks shorting it is a bad idea, since bubbles often blow off on the upside before they break.
He sat down with @BloombergTV’s Open Interest to explain what to do instead, and where the firm’s new name Syzygy comes from: alignment, with the end investor first.
Watch the interview with @VonnieQuinn and @BTLipschultz below.
na2.hubs.ly/H07LDnL0
Bailey Lipschultz retweeted
Syzygy Asset Management Chairman Rob Arnott says the US market looks frothy and expensive and warns that investors should not short a bubble, since bubbles can keep rising sharply before reversing bloom.bg/3FX7vFx
Bailey Lipschultz retweeted
Health and fitness ring-maker Oura filed for an initial public offering, showing soaring revenue as well as increasing losses bloomberg.com/news/articles/…
If you're stripped of five first-round picks but traded the guy for two firsts then you really only lost three first round picks.
Should've cut their salary cap and lowered the aprons
BREAKING: The NBA has ruled on the Los Angeles Clippers in for salary cap circumvention investigations on Kawhi Leonard after yearlong probe -- stripping the franchise of 5 first-round picks, issuing a $30 million fine to owner Steve Ballmer and suspensions for Ballmer, Lawrence Frank and Gillian Zucker, sources tell ESPN.
Kawhi Leonard will have to pay $700,000 in restitution for improper benefits by the Clippers for his uncle and former business rep, Dennis Robertson. No contract void or suspension for Leonard. And Robertson -- who was fired by Leonard in June -- is being banned by the NBA from all business dealings.
Bailey Lipschultz retweeted
Just after sunrise, the @NASARoman deep space telescope blasted off on a 5-year mission, one million miles from Earth. Ross Hamilton of Space Network talks with @EenaRuffini and @BTLipschultz about the universe’s mysteries this telescope could help unlock.
I'll be filling in on @BloombergTV's Bloomberg This Weekend with @EenaRuffini (+ @LisaMateoTV and @nhageradio) from 7am to 10am ET. What better way to is there to start your weekend mornings?
Bailey Lipschultz retweeted
Smart ring maker Oura is raising $3 billion to go public as early as September at a $16 billion+ valuation. Stiry with @BTLipschultz bloomberg.com/news/articles/…
Bailey Lipschultz retweeted
News w/ @BTLipschultz & @RebeccaTorrenc5: Nvidia-backed startup Lambda is in the fundraising market, again, this time discussing a $3 billion round at as much as a $12 billion valuation.
More in our story for @technology
bloomberg.com/news/articles/…
The AI IPO rush is likely to keep powering on after Labor Day. AI cloud firm Nscale is looking to raise as much as $3 billion in its listing. That debut could take place as soon as next month. Buckle up.
bloomberg.com/news/articles/…
Another big scoop on Anthropic with detail around how much money the company might raise, annual net loss from last year, the race against OpenAI and so much more! W/ @shiringhaffary
bloomberg.com/news/articles/…
Bailey Lipschultz retweeted
NEW: Anthropic expects to match or exceed the size of SpaceX's IPO, per sources, which would make it one of the largest-ever IPOs. Discussions ongoing and could change.
w/ @BTLipschultz
bloomberg.com/news/articles/…
Bailey Lipschultz retweeted
Breaking: Anthropic revenue (like for real) hit >$11.5 Billion in 2Q
Reporting @BTLipschultz @rachelmetz
positive adjusted operating income in quarter too.
Intel is seeking to increase the amount it’s raising in a share sale to about $20 billion, according to people familiar. $INTC
bloomberg.com/news/articles/…
Summer Friday scoopage: bloomberg.com/news/articles/…
Sources: data center operator Switch filed confidentially for a US IPO, and a listing could take place as soon as November; Ben Horowitz is joining its board (@btlipschultz / Bloomberg)
(Visit Techmeme dot com for the link and full context!)
Bailey Lipschultz retweeted
🎧 It's a big week for SpaceX. From debut earnings to the $101 billion stock unlock, our journalists answered questions from Bloomberg subscribers. Listen to our Live Q&A: bloom.bg/3UieCiU
We're live now!
HAPPENING SOON: It's a big week for SpaceX. From debut earnings to the $101 billion stock unlock, Bloomberg journalists answer your questions in an interactive Live Q&A. Join here: bloom.bg/4q0PHMD
Tune in and ask us your $SPCX questions!
SpaceX's first earnings report is in the books — but Wall Street's attention has now shifted to the unprecedented $101 billion unlock. Bloomberg's @EdLudlow @ArroyoNieto @BTLipschultz @KelceeGriffis answer your questions in a Live Q&A today at 2 p.m. EDT. Stream: bloom.bg/459Yxyc
