Market news
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VTB Plans Secondary Share Offering, Aims to Resume 50% Dividend Payout
VTB Bank is planning a secondary share offering with unique features for the Russian market. The bank aims to gradually return to paying 50% of net profit as dividends, according to First Deputy Chairman Dmitry Pianov.
Alfa-Bank to finance Efko food plant expansion for over 10 bln rubles
Alfa-Bank has signed a deal to finance the expansion of the Tula Food Processing Plant of Efko, with investments exceeding 10 billion rubles. The plant's capacity will reach 270,000 tonnes, and over 1,000 jobs will be created.
Segezha Group Aims for Positive Free Cash Flow by End of 2026, AFK Sistema Says
AFK Sistema president Tagir Sitdekov expects Segezha Group to reach zero or positive free cash flow by the end of 2026, according to a business plan update.
SpaceX Sets IPO for June 12 at $135/Share, Seeks $75B Raise
SpaceX has announced its IPO roadshow starting today, with the listing planned for June 12 on Nasdaq at a fixed price of $135 per share, aiming for a $1.75 trillion valuation and a record $75 billion raise.
KAMAZ Cuts 2026 Investment Budget by Two-Thirds on Debt Concerns
KAMAZ has reduced its 2026 investment budget by two-thirds due to rising debt, according to CEO Sergey Kogogin. The company is focusing on operational efficiency and continuing to develop its product lineup.
Moscow Exchange Chair: Russia's Market Moving 'In the Wrong Direction'
Sergey Shvetsov, chairman of the Moscow Exchange supervisory board, said at the St. Petersburg International Economic Forum that the Russian stock market is moving quickly but in the opposite direction from the presidential goal of increasing market capitalization.
Space ETF assets surpass $5B, NASA fund surges 50% since launch
Total assets in space-themed ETFs have exceeded $5 billion for the first time, more than doubling since the start of 2026. The Space Innovators ETF ($NASA) hit a record $2.6B in AUM, with its price up 50% since its March 30 launch.
Anthropic Taps Morgan Stanley, Goldman Sachs for IPO, Valuation Hits $965B
Anthropic has selected Morgan Stanley and Goldman Sachs to lead its upcoming IPO, with a valuation of $965 billion, surpassing OpenAI, per Bloomberg.
BitMine Files for Preferred Shares, Holds $9B Unrealized Loss on ETH
BitMine has filed an application to issue preferred shares, disclosing an unrealized loss exceeding $9 billion. The company is the largest corporate holder of ETH, and its CEO expects a 10-15 year super-bull cycle.
Quantinuum Boosts IPO Size, Raises Price to $60/Share on Strong Demand
Quantinuum, a quantum computing company backed by Honeywell, has increased its IPO size and raised the offering price to $60 per share due to surging demand, aiming to raise $1.68 billion.
Polyus Increases Blagodatnoye Ore Processing by 90% to 17 Mt/y
Polyus plans to complete construction of a new gold recovery plant in Krasnoyarsk by end of 2026, raising ore throughput at Blagodatnoye by 90% to 17 million tons per year.
Russia Touts Fintech Lead, T-Bank Crew at Forefront at SPIEF
At the St. Petersburg International Economic Forum, Russia declared it has secured world-class fintech status, with T-Bank's team singled out as pioneers. T-Technologies head Stanislav Bliznyuk spoke at the T-Dvor event.
VTB Survey: 25% of Investors Ready to Use AI for Decisions
A VTB My Investments survey finds one in four investors willing to use AI for trading decisions, as the broker reports adding 1,500-2,000 new accounts weekly to its AI service 'Intellect'.
Microsoft Unveils Majorana 2 Quantum Chip with 1000x Qubit Stability
Microsoft has announced its next-generation topological quantum chip, Majorana 2, claiming over 1000x improvement in qubit stability and qubit lifetimes exceeding 20 seconds. The company aims to build a scalable quantum computer by 2029.
Sber's GigaChat Lags ChatGPT, DeepSeek by 6-9 Months on Computing Power
Alexander Vedyakhin, first deputy chairman of Sberbank, said the bank's AI model GigaChat trails ChatGPT and DeepSeek by six to nine months, mainly due to insufficient computing capacity.
VTB Eyes August Closing of RVB Deal, SPO to Raise 300-400 Bln Rubles
VTB Bank may close its deal with RVB in August and expects to raise 300-400 billion rubles in a secondary public offering. The bank also announced upcoming dividend strategy and management reshuffles.
Akron to Pay 235 Rubles per Share from 2021 Profits, Skips 2025 Dividend
The board of Akron recommends not paying dividends in 2025, but will distribute 8.64 billion rubles from 2021 retained earnings as 235 rubles per share, subject to shareholder vote on June 30.
Saylor's '₿ack to Work' Post Raises Concerns as MSTR Sells BTC
Michael Saylor posted '₿ack to Work' on social media. The phrase previously signaled Bitcoin purchases, but now that Strategy (MSTR) has begun selling, analysts warn the message may have a different implication.
X5 to Expand AI, Robotics, Predicts Further Job Cuts - President
X5 Retail Group plans to develop AI, robotics, and unmanned transport, with President Ekaterina Lobacheva forecasting continued headcount reductions due to automation.
X5 Maintains 2026 Revenue Growth Forecast of 12-16%
X5 Retail Group has reaffirmed its 2026 revenue growth forecast of 12-16%, while President Ekaterina Lobacheva said the company has no plans to actively monetize its treasury package under current market conditions.
Yandex Leads Russia in Generative AI Model Development – Vedomosti
According to a Vedomosti market review, Yandex has developed the largest number of foundational generative AI models among Russian players.
US Put-Call Ratio at 11-Year Low, Bullish Sentiment Peaks
The put-call ratio on US stock options has fallen to a historic low, marking the strongest bullish sentiment in 11 years.
Nvidia's Huang Touts $150B Annual Taiwan Spending, Calls Island AI Epicenter
Nvidia CEO Jensen Huang said the company will spend $150 billion annually on Taiwan, calling the island the epicenter of the AI revolution. Lex Fridman is currently in Taiwan with Huang for an upcoming interview.
Astra Management Proposes Share Buyback of Up to 2% of Capital
The management of Russian IT company Astra Group will recommend that its board consider a share buyback of up to 2% of the company's authorized capital.