Applied Digital to raise $2.35 billions through senior secured notes issuance
Jinse Finance reported that Nasdaq-listed bitcoin mining hosting and cloud service company Applied Digital announced that it will raise $2.35 billion by issuing senior secured notes through its subsidiary APLD ComputeCo LLC. This issuance will be conducted via private placement and is expected to be completed around November 20, 2025, depending on market and other conditions. The new funds will be used for the construction of its data center campus.
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According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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