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According to ChainCatcher quoting Renaissancecapital, Web3 service provider Web3Labs Global has submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 6.3 million shares at a price of $4 to $5 per share, raising about $28 million. Based on the midpoint of the offering range, the company’s valuation for this fundraising transaction is approximately $141 million. It is reported that Web3Labs Global plans to list on Nasdaq under the stock code “MDAT”, with Eddid Securities and Futures serving as the underwriter for this IPO.

According to ChainCatcher, market sources report that the BNB ecosystem decentralized finance platform Eleutheria has announced the completion of a $5 million strategic funding round, with Alpha Capital participating. Valuation details have not yet been disclosed. The new funds will support the development of on-chain financial services driven by trustless code and immutable smart contracts in the DeFi space.

Glonghui, May 16th｜According to CNBC, financial commentator Jim Cramer has issued a warning regarding the recent speculative frenzy in the IPO market. He stated that the market is showing signs of overheating, and if SpaceX goes public, it could further ignite another wave of fund mania, potentially having a destructive effect on the overall stock market.Cramer said he understands why investors are eager to pursue SpaceX and Elon Musk's various ventures, but he worries that the share price may soon deviate from fundamentals. He pointed out that if underwriters only release a limited number of floating shares, a supply-demand imbalance could drive prices up in an uncontrolled manner. He said, "SpaceX's market value could surge to 5 trillion dollars, and this company might create its own bubble."He further indicated that if SpaceX successfully creates a super large-scale IPO, it could set a precedent for other AI companies considering going public. This includes OpenAI and Anthropic, both of which may accelerate their entry into the capital market. He warned that if large technology IPOs emerge in rapid succession, there could be a crowding-out effect on the overall stock market. Investors, in order to subscribe to new offerings, might sell their existing holdings to free up funds, which could in turn create liquidity pressure on the market.