Capital flows, CMO moves, M&A. Eight editions a day, seven tiers, from the chopped neck.
ISABELLA'S ISLAYM&A IntelligenceSep 26, 11:03 PM EDT
BlackRock and IFM Investors have entered exclusive talks to acquire Stack Infrastructure's Asia Pacific data center business in a $25 billion transaction that extends BlackRock's AI infrastructure footprint across the region.
ReadingAsia-Pacific data center pricing just reset. Operators without committed power and cooling by Q1 will be paying at the new floor.
WatchSLB's Kelvion acquisition closes. Thermal management becomes a margin differentiator, not a utility cost.
HENRI IVM&A IntelligenceSep 26, 11:03 PM EDT
SLB (Schlumberger)
· MSN ↗Schlumberger agreed to acquire Kelvion, a thermal management company, for $4.1 billion as it builds out its growing data center business focused on the AI infrastructure boom.
ReadingData center infrastructure supply chains are consolidating around cooling, not compute. Operators who locked thermal capacity six months ago will outprice competitors by 20% within eighteen months.
WatchVertiv's King Environmental Services acquisition closes. Two players now control heating, cooling, and testing across the stack.
MACALLAN 1926Capital MarketsSep 26, 11:03 PM EDT
The National Stock Exchange of India's IPO is moving toward its market debut with price band and issue size details set to arrive this week, ahead of anchor investor rounds opening September 16.
ReadingNSE's valuation will anchor the entire Indian institutional market for the next two quarters. Whoever commits at the initial price discovers whether Indian exchange fees are commoditizing or premium.
WatchFirst-day trading volume and bid-ask spreads. If retail crowds the offer, institutional positioning just became visible.
LOUIS XIIICapital MarketsSep 26, 11:03 PM EDT
Elevate Campuses is among six IPOs hitting India's primary market this week, alongside issuers like Varmora Granito and others, with grey market premiums already pricing volatility into unlisted share trading.
ReadingIndia's IPO calendar is accelerating into a moment when allocators are sober. Spreads are tight. Winners will be chosen by execution and sector, not sentiment.
WatchIPO allotment and trading debut next week. If any of the six trades below issue price on day one, the calendar tightens for Q4 filers.
PAPPY 23Technology IntelligenceSep 26, 11:03 PM EDT
Flex announced the new company name for its planned cloud and power infrastructure spin-off as Axiom and filed Form 10 registration statement, paving the way for two independent public companies.
ReadingInvestors will immediately compare Axiom's margin structure to pure-play data center operators. Flex's thermal engineering advantage either justifies a premium or becomes a distraction to the market.
WatchForm 10 amendments and management team assignments. Whoever leads Axiom signals whether this is a thermal play or a pure infrastructure hold.
JOHNNIE BLUETechnology IntelligenceSep 26, 11:03 PM EDT
Global semiconductor manufacturing equipment market is projected to reach $279.63 billion by 2035, driven by AI chip demand, fab expansion, and advanced packaging technologies globally.
ReadingWhoever controls semiconductor equipment logistics in 2027 controls the actual constraint on AI chip supply. It is not design. It is not foundry allocation. It is logistics.
WatchApplied Materials and ASML capex guidance for 2027. Their order books just became the real leading indicator for AI chip availability.
WELL POURFinancial IntelligenceSep 26, 11:03 PM EDT
Trump Media Holdings
· MSN ↗Donald Trump dropped 44 positions on the Forbes 400 list as his fortune declined to approximately $7 billion, down $300 million from 2025, driven by declines in Trump Media and two cryptocurrency holdings.
ReadingTrump Media's public market valuation is no longer supported by core operations or strategic synergies. It is supported by retail sentiment and low float. That is a position, not a business.
WatchTrump Media insider selling. If board members or insiders begin trading, the valuation story shifts from narrative to reality.
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