Africa's Markets, Startups & Money Moves — Updated Daily

Smart Ring Maker Oura Files to Go Public

Oura, the smart ring maker, has filed to go public. The filing with the Securities and Exchange Commission on Thursday shows that Oura’s revenue has jumped substantially in the past year.

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OpenAI CFO Sarah Friar Tells Associates AI Lab Is Aiming to Be Public in 2027

OpenAI CFO Sarah Friar told employees during an all-hands meeting on Wednesday that the artificial intelligence lab “will be a public company in 2027,” but that it could make its public market debut sooner

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Navi Secures First Institutional Funding Round

Fintech unicorn Navi has raised $100 million from Prosus. This is the company’s first institutional funding round and the transaction is subject to customary closing conditions and regulatory approvals

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Ferns N Petals (FNP) Planning to Go Public by the End of 2028

Ferns N Petals (FNP), an omni-channel gifting and floral retail company, is planning to go public by the end of 2028 as it looks to accelerate its expansion plans and pursue acquisitions, according to Reuters.

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Pepkor Holdings to Merge Its Fintech Subsidiary Flash With Payments Platform Shop2Shop

South African retailer Pepkor Holdings is to merge its fintech subsidiary Flash with payments platform Shop2Shop, creating a merchant commerce and financial technology company that it plans to list separately

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Airtel Africa Revives the Airtel Money Listing for the Second Half of 2026

Airtel Africa has revived the Airtel Money listing for the second half of 2026 after an earlier delay, choosing London to broaden investor access as the platform’s customer base reached 56.5Mn.

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Healthtech Startup CARPL.ai Secures $10 Million Series A Funding Round

Healthtech startup CARPL.ai has raised $10 million in a Series A funding round led by the International Finance Corporation (IFC), with participation from existing investor Stellaris Venture Partners

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South Korea's SK Hynix Raises the Biggest Foreign IPO in US History

The AI chip boom just produced its biggest Wall Street moment yet. SK Hynix, a South Korean memory chip giant, said Friday it has raised $26.5 billion (KRW 40 trillion) in its U.S. market debut.

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Chinese Robot Maker Unitree Robotics Gets Approval for Shanghai IPO

Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans to raise 4.2 billion yuan (US$619.4 million)

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Everything You Need to Know About SpaceX IPO

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

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SpaceX Prices Its 555.6 Million Shares at $135 Each

SpaceX priced its 555.6 million shares at $135 each, the company said in an update on its website. That makes SpaceX officially the largest IPO in history

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OpenAI Confidentially Files for an Initial Public Offering

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.

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