Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)

Reuters: Alibaba plans to raise ~10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close — China's Alibaba (9988.HK) on Sunday launched a HK80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.

Sources: Cerebras plans to raise its IPO price range from 115-125 per share to 125-135 after drawing orders for more than 20x the number of shares available (Bloomberg)
Sources: Sam Altman told staff that OpenAI is expected to go public 'within the next year' and OpenAI plans a tender offer 'very soon' at a $687.69 share price (Stephanie Palazzolo/The Information)
MiniMax is looking to raise as much as 1.9B by selling 35.6M shares at ~34 each and offering ~$830M in convertible bonds due 2027 (Bloomberg)
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September (Wall Street Journal)
Zhipu AI says it plans to apply for a listing in Shanghai; Zhipu's Hong Kong-listed shares are up over 10x since its January IPO, giving it an $83B market cap (Reuters)

Source: Techmeme | 2026-08-23

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