GREY Journal Daily News Podcast

Bloomberg reported that Goldman Sachs, Franklin Templeton, and Fidelity plan to buy into the National Stock Exchange of Indias IPO. NSE operates Indias equity and derivatives markets and earns revenue from trading, clearing, listings, data, and connectivity. A listing would require approvals from the Securities and Exchange Board of India and would introduce market-based valuation and public disclosures. Interest from large asset managers could anchor the order book and draw additional foreign portfolio investors. The move would follow BSE Ltd.s 2017 listing and intensify competition on technology, fees, and liquidity. Founders should track how NSE invests in technology and how the deal shapes capital access and partnerships in India.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Bloomberg reported that chip startup Euclyd raised more than 200 million euros with support from a former ASML CEO. The financing highlights continued appetite for deeptech despite tighter venture markets. ASML's central position in advanced lithography makes experienced leadership a valuable asset for startup execution and access. Europe is deploying the EU Chips Act and national subsidies, including Germany's support for Intel's planned Magdeburg fab and TSMC's Dresden project, as well as France's backing for STMicroelectronics and GlobalFoundries in Crolles. Startups in semiconductors often combine equity with non dilutive funding and corporate partnerships. Founders face hiring, supply chain, and export control challenges, and should plan staged milestones, cash buffers, and early customer alignment.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Exploring how a potential rate increase filters through loans, valuations, and pricing for founders and operators. Hosted on Acast. See acast.com/privacy for more information.

Europe launched a single consolidated data feed for stocks after legislative work under MiFIR and oversight by ESMA. The feed publishes near real time quotes and trades from participating exchanges and multilateral trading facilities in a unified format. Bloomberg reported the launch and regulators set fee caps, timestamp standards, and contribution rules to support adoption. Exchanges balance participation with data revenue concerns as revenue sharing mechanisms encourage timely submissions. Data vendors will adjust products as the tape becomes a baseline input. U.S. firms trading European equities could see lower marginal data costs and streamlined best execution and reporting, while fintech founders plan integrations and new analytics built on the feed.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

The Economist raised a scenario of Anthropic considering an IPO at a $2 trillion valuation, prompting scrutiny of fundamentals. Anthropic, founded by Dario and Daniela Amodei in 2021, sells its Claude models via APIs and channels such as AWS Bedrock and Google Cloud. Amazon has committed up to $4 billion, and Google has invested through multi-billion dollar convertible instruments. Reports in 2024 indicated annualized revenue in the hundreds of millions of dollars, rising toward $1 billion, with margins pressured by compute costs. A debut at $2 trillion would be unprecedented for a software or model company and would face governance, distribution, and regulatory questions. Key issues include the Long Term Benefit Trust, strategic partnerships, customer concentration, and compliance with the EU AI Act and U.S. guidance.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.