Craig Stephens | Access IPOs

Posts about upcoming IPOs and pre-IPO disrupters. Retail investor advocate. Podcast: |

[Craig Stephens | Access IPOs @AccessIPOs]

Quantinuum has priced its IPO at $60 per share, above the range ($53-$55).

The company sold 28 million shares, raising $1.68 billion.

Trading begins tomorrow. Via @DEER_ECHO_ at Reuters. $QNT
https://t.co/mtpkGLyaEb

[Craig Stephens | Access IPOs @AccessIPOs]

SpaceX has officially set initial terms for its IPO. $SPCX https://t.co/B3HVCGl9tQ

[Craig Stephens | Access IPOs @AccessIPOs]

@psyopnpc Can easily bump it to $100B / $2T from here. Either price, retail and institutions will buy.

[Craig Stephens | Access IPOs @AccessIPOs]

Unusual not to provide a range.

Here's the price, take it or leave it. $SPCX
https://t.co/VPDTf5PMZM

[Valida Pau @validapau]

SpaceX targets selling 555 million shares at $135 per share. No price range yet.

Updated here: https://t.co/6BV42HXuni

[Craig Stephens | Access IPOs @AccessIPOs]

Maybe a day earlier than first reported. $SPCX https://t.co/yZcArifyUk

[Craig Stephens | Access IPOs @AccessIPOs]

@retirein1500 Reported to be this Thursday.

[Craig Stephens | Access IPOs @AccessIPOs]

SpaceX hasn't set IPO terms yet.

All the valuation skepticism is premature until we see the offering.
$SPCX

[Craig Stephens | Access IPOs @AccessIPOs]

Anthropic announcement: https://t.co/uEu6NYNsoW

[Craig Stephens | Access IPOs @AccessIPOs]

Anthropic has filed confidentially for an IPO.

That's Step 1.

SpaceX is at Step 5 and expected to reach Step 6 on Thursday. $SPCX

[Craig Stephens | Access IPOs @AccessIPOs]

@business This is a typical directed share program.

5% with no lockups is normal.

"While directed share programs are a fairly common feature of IPOs, participants often are subject to lock-ups that prevent them from immediately selling their shares."

[Craig Stephens | Access IPOs @AccessIPOs]

Quantinuum has bumped its IPO terms.

Offering: 26,500,000
Price Range: $53-$55 per share
Raise: Up to ~$1.46 billion
Market Cap: Up to ~$14.5 billion

2025 Revs: $31 million $IONQ $RGTI $QNT
https://t.co/DQD3T1Fsqg

[Craig Stephens | Access IPOs @AccessIPOs]

@DeItaone 5% is typical for directed share programs. Common.

[Craig Stephens | Access IPOs @AccessIPOs]

@psyopnpc The trick is to get inside.

[Craig Stephens | Access IPOs @AccessIPOs]

Cerebras is up 21% from its IPO price of $185.

Down 42% from its first-day trading peak of $386.34. $CBRS

Don't chase hot IPOs.

[Craig Stephens | Access IPOs @AccessIPOs]

New podcast: Quantinuum IPO Preview - Overvalued or Ready to Pop (or both)?

Plus, Cognition, Mercury, and how to invest in flying cars (Alef on Wefunder). $IONQ $RGTI $QNT
https://t.co/vGwHfr3k07

[Sim Desai @SimDesai]

Glad to report that @AnthropicAI has corrected its blog post and removed Hiive’s name. The post was made without any notice to us and caused needless confusion in the investor community plus unfair damage to @Hiive_HQ's reputation.

Let me be clear: every investment through Hiive is 100% legitimate, approved (when approval is required), and cannot be “invalidated”.

If Anthropic came to us about their new policy in the first place, we would have worked with them on a unified message to the market.

The real problem? The private market is filled with unlicensed insiders and VCs peddling access for massive fees (that are essentially brokerage commissions) without being licensed by FINRA. Yet, licensed FINRA member firms like Hiive—who actually bear the substantial compliance burdens—are treated with suspicion.

We will not be slowed down by traditional gatekeepers. Our mission to build state-of-the-art liquidity infrastructure marches forward undaunted.

When truth is on your side, you have nothing to fear.

[Craig Stephens | Access IPOs @AccessIPOs]

Fidelity is now accepting indications of interest from eligible customers. $QNT

[Craig Stephens | Access IPOs @AccessIPOs]

Quantinuum has updated terms for its IPO.

IPO date: June 4th
Symbol: $QNT
Exchange: Nasdaq
Offering: 21,052,632 shares
Initial Range: $45-$50
Raise: Up to $1.05B
Estimated market cap: ~$12.7B
https://t.co/DQD3T1Fsqg

[Craig Stephens | Access IPOs @AccessIPOs]

@SawyerMerritt @SpaceX There’s a comprehensive video explaining how to prepare.

Running out of time, prepare now. $SPCX

https://t.co/CF4cG8tFwV