Bailey Lipschultz

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

[Bailey Lipschultz @BTLipschultz]

~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)

[Bailey Lipschultz @BTLipschultz]

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

https://t.co/8aKamO1ljC

[Bailey Lipschultz @BTLipschultz]

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.

https://t.co/CdsflRNRFi

[Bailey Lipschultz @BTLipschultz]

But isn’t he the only one to finish the beer? Or during the ad did they swap it for some food colored water?

[Mark Malone @soundmigration]

Mark Zuckerberg pretending to enjoy Guinness is my new favourite thing.

[Syzygy Asset Management @SyzygyAssetMgmt]

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.

https://t.co/WXiREQmLSz

[Bloomberg TV @BloombergTV]

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 https://t.co/T14DQC9B4s

[Bloomberg @business]

Health and fitness ring-maker Oura filed for an initial public offering, showing soaring revenue as well as increasing losses https://t.co/uy0CvLqdfg

[Bailey Lipschultz @BTLipschultz]

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

[Shams Charania @ShamsCharania]

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.

[Bloomberg @business]

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.

[Bailey Lipschultz @BTLipschultz]

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?

[Mark Gurman @markgurman]

Smart ring maker Oura is raising $3 billion to go public as early as September at a $16 billion+ valuation. Stiry with @BTLipschultz https://t.co/wLLRSb12fV

[Natasha Mascarenhas @nmasc_]

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

https://t.co/DP0ginKe3l

[Bailey Lipschultz @BTLipschultz]

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.

https://t.co/KnbPdQYjaf

[Bailey Lipschultz @BTLipschultz]

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

https://t.co/KQya61ZK6O

[Shirin Ghaffary @shiringhaffary]

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
https://t.co/MPwdPHTM2q

[Ed Ludlow @EdLudlow]

Breaking: Anthropic revenue (like for real) hit >$11.5 Billion in 2Q

Reporting @BTLipschultz @rachelmetz

positive adjusted operating income in quarter too.

[Bailey Lipschultz @BTLipschultz]

Intel is seeking to increase the amount it’s raising in a share sale to about $20 billion, according to people familiar. $INTC

https://t.co/voZIKwVHei

[Bailey Lipschultz @BTLipschultz]

Summer Friday scoopage: https://t.co/MjvSxkFdu2

[Techmeme @Techmeme]

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!)

[Bloomberg @business]

🎧 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: https://t.co/ZX3OShtAl7

[Bailey Lipschultz @BTLipschultz]

We're live now!

[Bloomberg @business]

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: https://t.co/IQ5sTdvxMw

[Bailey Lipschultz @BTLipschultz]

Tune in and ask us your $SPCX questions!

[Bloomberg @business]

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: https://t.co/SxD7fJv6x4