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Tech companies, including Meta and xAI, are using SPVs to raise tens of billions for AI data centers, letting them keep the debt off their balance sheets (Carmen Arroyo/Bloomberg)

Carmen Arroyo / Bloomberg : Tech companies, including Meta and xAI, are using SPVs to raise tens of billions for AI data centers, letting...

1 March 2024

Sources: Reddit plans to target a price range of $31 to $34 a share in its IPO, which would give the company an equity value of around $6B to $6.5B (Corrie Driebusch/Wall Street Journal)

Corrie Driebusch / Wall Street Journal:
Sources: Reddit plans to target a price range of $31 to $34 a share in its IPO, which would give the company an equity value of around $6B to $6.5B  —  The social-media company was valued much higher a few years ago.

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