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According to official news from Robinhood, Robinhood Ventures Fund II (RVII) announced the pricing of its initial public offering, issuing 8 million shares of common stock at a price of $25 per share. The total size of the fund is $225.5 million (before deducting sales expenses and issuance costs), and if the underwriters fully exercise the option to purchase an additional 1.2 million shares, the size could reach up to $255.5 million.Shares are expected to begin trading on the New York Stock Exchange on August 13, with the stock ticker RVII, and the issuance is expected to be completed on August 14. Goldman Sachs is serving as the lead bookrunner for this offering, with Citigroup, J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities as co-bookrunners.

According to Bloomberg, the U.S. defense technology startup Neros has completed a $250 million equity financing, raising its post-money valuation to $2.5 billion, led by Sequoia Capital and the American Strategic Technology Fund, with participation from existing investors such as Thiel Capital.Neros plans to accelerate the research and development and mass production of the attack drone Archer and the interceptor drone Bandit, and promote localized manufacturing among allies. The company's current annual production capacity is about 14,000 units, with a goal to increase Archer's annual production capacity to 1 million units by 2028.This round of funding will also be used to expand the employee count from about 200 to 350 and upgrade the handheld terminals used to control the drones and the Archer AI model, enabling it to maintain target lock in GPS-denied environments and coordinate with other drones.

According to the Daily Economic News, the July quantitative private equity industry experienced a systemic drawdown, with several institutional products seeing a monthly net value decline of over 20%, turning year-to-date returns from positive to negative. Specifically, among the 9 displayed products under Huansquare Quantitative, 8 have recorded negative returns year-to-date, with all monthly declines in July exceeding 20%, and the maximum drawdown reaching 22.15%; among the 14 products displayed by Mingcong Investment, 9 have recorded negative returns year-to-date; in Jiukun Investment's 15 products, 14 still have positive returns year-to-date, but the monthly drawdown is also significant. In contrast, Yanfeng Investment has shown relatively stable performance.Regarding this drawdown, multiple institutions believe that this round of adjustment is more due to emotions and trading structures rather than the end of the AI industry trend. Freshwater Spring Investment pointed out that AI is still rapidly developing in terms of model capability enhancement, cost reduction, and the diffusion of application scenarios. Referencing experiences from the internet era, it is normal for there to be fluctuations during the advancement of technological waves. Institutions believe that AI investment is gradually transitioning from the previous focus on computing power infrastructure in the "first half" to "intelligent equity" in the "second half"—that is, a phase where the cost of intelligent usage continues to decline and application scenarios are accelerated in unlocking, providing opportunities for supply chain companies that can offer cost-effective solutions for leading model companies and large cloud vendors.

Morgan Stanley replaced Goldman Sachs to become one of the top three underwriters for Asian stock issuances last month, excluding Japan. So far this year, the total issuance in this market has increased by 55% compared to the same period last year.According to compiled data, companies raised $162 billion through stock issuances in July, compared to $104.8 billion in the same period last year. Morgan Stanley's market share rose to 6.07%, surpassing Goldman Sachs' 5.62%; China International Capital Corporation maintained the top underwriting position with a 13.1% share. Changxin Storage completed a fundraising of $9.84 billion in July, making it the largest stock issuance project of the month.

According to The Wall Street Journal, during a time of tight funding, Leopold Aschenbrenner once agreed to sell a stake in Anthropic worth about $3.5 billion. The buyer was an investor led by Greenoaks and Sequoia Capital.The deal was finalized late Wednesday night but was withdrawn the next morning. The fund then opted to sell most of its publicly traded stocks and use the proceeds to repay loans.Leopold ultimately retained his stakes in Anthropic and other private companies. In a letter to investors, he stated that the fund chose to sacrifice its public stock positions to eliminate leverage and preserve private investments.

According to Wall St Engine, "AI stock god" Leopold Aschenbrenner's Situational Awareness fund faced liquidity pressure during the market crash in July, with behind-the-scenes details revealed.The report states that after the market rapidly cooled in mid-July, the decline in stocks held by Situational Awareness triggered margin monitoring by banks such as Goldman Sachs and Morgan Stanley, leading to margin calls.Insiders said that other hedge funds began shorting related stocks after learning about its positions, creating a cycle of "price drop → margin call → forced selling → further price decline."In late July, while Leopold was hosting a wedding in Carmel, he continued negotiations with his team to maintain fund operations. On the evening of July 29, he reached a preliminary agreement with a consortium led by Greenoaks and Sequoia Capital to sell approximately $3.5 billion in Anthropic equity.However, in the early hours of July 30, before the U.S. stock market opened, Leopold changed his decision, opting to retain the private equity portfolio and instead sell publicly traded stocks. Subsequently, Citadel and Millennium entered negotiations with the fund team, and Citadel ultimately acquired most of the fund's public stock investment portfolio at a discount of more than 10% below market value before Thursday's opening.This transaction helped Situational Awareness meet margin requirements and avoid formal default. After the deal was completed, related AI and semiconductor stocks rebounded on Thursday, benefiting Citadel.As of around July 31, Situational Awareness disclosed to investors that the fund had a net loss of about 67% in July, but was still up about 80% for the year. Leopold stated that he "takes full responsibility" for the incident, and the fund has removed bank leverage, planning to continue operations and invest in the public market while adjusting its portfolio management and risk control systems.

Gate today announced that Lucas Sum has officially joined Gate as Head of Market Development, Equities. In this key position, Lucas will be responsible for driving Gate's global equity business market development strategy, coordinating business growth, ecosystem collaboration, market expansion, and user growth, strengthening Gate's business layout between traditional finance, digital assets, and the global capital markets, and promoting the sustainable development of a multi-asset investment ecosystem.Lucas has nearly ten years of industry experience, with a career spanning multi-asset brokerage, wealth management, payment fintech, and financial services. Before joining Gate, he was deeply involved in the market construction and business scaling development of Longbridge Securities and Moomoo Singapore (Futu Holdings) from 0 to 1, accumulating rich business development and collaboration experience in areas such as ecosystem collaboration, business model building, market strategy formulation, and user growth.Lucas stated, "I am very pleased to join Gate. Against the backdrop of the increasing integration of traditional finance and digital assets, the global investment market is ushering in new development opportunities. As global investors' demand for stock investment and diversified asset allocation continues to rise, I believe Gate will continue to improve its global equity business layout, creating a more open and convenient one-stop global investment experience. I look forward to working with partners and various parties in the financial ecosystem to further expand investment opportunities in the global capital market, continuously promote the development of Gate's equity business, and create long-term value for global investors."Lucas's addition will further enhance Gate's global equity business development strategy, strengthen the partner ecosystem, accelerate market expansion processes, and assist the platform in building a one-stop multi-asset investment platform for global investors, providing richer and more diverse asset allocation options.

According to Fortune, the Trump administration has invested approximately $26.7 billion in about 30 equity or quasi-equity transactions. The largest investment is a 9.9% stake in chip manufacturer Intel, currently valued at around $42 billion. Others include a $400 million investment in rare earth miner MP Materials, the "golden shares" retained when U.S. Steel was acquired by Japan's Nippon Steel, and multiple stakes in several quantum computing companies.The report states that these holdings are spread across at least four agencies: the Department of Commerce (17 transactions), the Department of Defense (7 transactions), the U.S. International Development Finance Corporation (DFC, 6 transactions), and the Department of Energy (2 transactions). Only the DFC has a clear statutory authority for equity investments (established by Congress in 2018 for overseas development projects).Currently, there is no unified public ledger of government holdings, with the most comprehensive public tracking maintained by the Council on Foreign Relations. Some transactions are only at the stage of signing agreements or nearing term sheets, especially the 9 quantum computing-related transactions announced by the Department of Commerce within a week.

According to official news, the closed-end investment company RoboStrategy, focused on robotics and physical AI, announced the completion of a series of private equity issuances, issuing 450,684 shares at a weighted average price of approximately $35.5, raising about $16 million.Among them, RoboStrategy CEO Andrew Kang subscribed to 272,405 shares at a price of $36.71 million, investing approximately $10 million.

According to reports from Jiemian News, the prospectus shows that Changxin Technology has implemented a rare employee stock incentive plan in the semiconductor industry before its listing. The company launched two phases of employee stock ownership plans over four years, granting shares to a total of 6,760 individuals, accounting for 35% of the total number of employees, with a higher proportion of R&D and highly educated personnel. Chairman Zhu Yiming publicly promised to distribute the granted 768 million shares to current employees free of charge within ten years after the company has been listed for 36 months, and he personally committed not to reduce his holdings within ten years after the listing. This initiative aims to retain core talent and stimulate team motivation through a long-term interest-binding mechanism during the lengthy technology catch-up cycle.In terms of performance, benefiting from the AI-driven super cycle in the storage industry, Changxin Technology has achieved a strong turnaround and significant growth. The company expects to achieve revenue of 110 billion to 120 billion yuan in the first half of 2026, a year-on-year increase of more than six times; the net profit attributable to the parent company is expected to reach 50 billion to 57 billion yuan.Previous news: According to the official website of the Shanghai Stock Exchange, Chinese storage giant Changxin Technology disclosed its intention to list on the Sci-Tech Innovation Board and the "Issuance Arrangement and Preliminary Inquiry Announcement" on July 9, officially starting the IPO issuance process on the Sci-Tech Innovation Board. The announcement disclosed that the offline subscription date and online subscription date for the company's new shares are both set for July 16, 2026. The stock code for Changxin Technology/offline subscription code is "688825," and the online subscription code is "787825." This public offering plans to issue approximately 6.688 billion shares (before the exercise of the over-allotment option), while the issuer grants CICC an over-allotment option not exceeding 15.00% of the initial number of shares issued; if fully exercised, the total number of shares issued will increase to approximately 7.691 billion shares.

According to informed sources, Tencent is in talks to become the largest shareholder of the AI entity company Manus.Most existing investors, including Tencent, ZhenFund, and Sequoia China, are discussing supporting a deal with a valuation of $2 billion to withdraw Meta's acquisition.

According to South Korea's Digital Asset, the comprehensive equity exchange date between Naver Financial and Upbit's parent company Dunamu has been postponed again from September 30 to December 31, marking the second delay this year, having previously been postponed from June 30 to September 30 in March.The equity exchange ratio remains unchanged, with 1 share of Dunamu exchanged for 2.5422618 shares of Naver Financial. Dunamu stated that the transaction still requires approval from the Fair Trade Commission for corporate mergers, approval for changes in major shareholders under the Credit Information Act, and reporting of changes in major shareholders under the Specific Financial Information Act, and the progress may lead to further delays or even the transaction falling through.Dunamu also pointed out that legislative discussions on the Basic Law of Digital Assets are progressing, and the content of future regulations may impact the conduct or outcome of the equity exchange.

Founder of Strategy, Michael Saylor, made his first public statement after the release of the digital credit capital framework: "Stronger credit, stronger equity, more Bitcoin." Michael Saylor's declaration seems to provide a motivational explanation for the launch of the digital credit capital framework, which aims to ultimately achieve a strategic logic of holding more Bitcoin by strengthening the credit and equity structure.

According to the Shanghai Securities Journal, multiple private equity industry insiders revealed that they received notifications from cooperating brokerages last night, stating that regulators have requested a suspension of new cross-border TRS (Total Return Swap) scale by managers. According to public information, TRS is a financial derivative that allows private equity firms to obtain the returns (or losses) of an asset without directly holding foreign assets (with principal not leaving the country) by signing a return swap agreement with counterpart brokerages. Since the beginning of this year, due to the impressive performance of the global technology sector, many private equity firms have allocated overseas assets through cross-border TRS.Since May, the China Securities Regulatory Commission and seven other departments jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Operations," targeting leading cross-border internet brokerages such as Tiger Brokers, Futu Holdings, and Changqiao Securities. As the space for mainland residents to engage in illegal cross-border stock trading shrinks, private equity products using cross-border TRS to allocate overseas technology targets have increasingly attracted capital attention.

According to sources, Meta Platforms' previous acquisition of the AI company Manus for about $2 billion may be reversed due to a request from relevant regulatory authorities in China to withdraw the decision on the transaction. Early investors in Manus are currently planning to repurchase company equity at the approximately $2 billion price originally paid by Meta. This development could allow some original investors to regain control of the company and potential valuation reassessment opportunities.

According to Bloomberg, one of Africa's most valuable fintech startups, Flutterwave, has sold a portion of its equity to blockchain company Ripple to drive the expansion of its payment business and strategic cooperation plans.Flutterwave CEO Olugbenga Agboola stated in an interview that Ripple's investment has valued Flutterwave at $3.3 billion. However, he declined to disclose the specific amount of Ripple's investment and the percentage of shares Ripple holds in Flutterwave.Flutterwave is one of Africa's largest payment infrastructure companies, providing businesses with cross-border payment, collection, and financial service solutions, while Ripple has been increasingly expanding its presence in the global payment network and stablecoin sectors in recent years. This investment is seen as an important move for Ripple to further expand into the African payment market.

According to Chainwire, Nasdaq-listed company Eightco Holdings Inc. (stock code: ORBS) announced its latest asset structure as of June 10, 2026, with a total holding size of approximately $406 million.The specific composition includes: approximately $90 million in OpenAI equity held indirectly through SPV, $18 million in Beast Industries equity, $1 million in Mythical Games equity, 16,278 ETH, 283,452,700 WLD, and approximately $142 million in cash and cash equivalents.OpenAI submitted a confidential S-1 filing on June 8. Eightco board member Thomas stated that OpenAI's future IPO will allow public investors to directly hold shares in one of the most important companies driving the transformation of artificial intelligence.