Amaero postpones U.S. IPO citing adverse market conditions

H.B. Fuller (FUL) priced an $850M private offering of 7.625% senior unsecured notes due 2034, issued at par. The company plans to use proceeds for general corporate purposes, according to the release.

SoftBank Group's founder, Masayoshi Son, is seeking up to $100 billion from Gulf investors for AI investments, according to the Financial Times. The funds will be used to acquire companies and enhance operations with AI, with SoftBank's robotics unit, Roze, playing a key role. This follows SoftBank's $65 billion investment in OpenAI and a recent $11 billion junk bond offering.

Zhibao Technology (ZBAO) shares rose 60.24% in after-hours trading after announcing a 1-for-50 reverse stock split, effective October 12. The split will combine 50 shares into one, increasing par value to $0.005. The company's market cap is $26.85 million, with a 52-week range of $0.06 to $1.34.

Coca-Cola (KO) is restarting the sale process for Costa Coffee after an earlier auction failed to meet its price expectations. The company acquired Costa in 2018 for $5.1 billion. Costa reported a £20 million operating profit in 2025, reversing prior losses. Coca-Cola's shares rose 2% on Thursday, while PepsiCo (PEP) reported mixed Q3 results.

Firmus, backed by Nvidia (NASDAQ:NVDA), postponed its AUD $7.1B ($4.95B) IPO in Australia due to poor demand and market volatility. The company will seek private funding instead, valuing it at $30.6B. Firmus cited market conditions and terms not reflecting its business strength. Nvidia shares closed 2.94% lower at $230.48. According to Vested, seven U.S. IPOs were postponed in Q3.

Tencent plans to raise up to 335 billion yuan via offshore bonds, following a 315 billion yuan bond issuance in June. The company reported strong profitability but high AI-related capital expenditures, with Q2 2026 revenue at 204.8 billion yuan and net profit at 56 billion yuan. ByteDance and Alibaba are also raising significant funds for AI investments.