Market Sentiment

GrabAGun Digital Holdings begins trading under PEW after near-zero redemptions. What the SPAC deal means for investors and public market readiness.

CoreWeave (NASDAQ: CRWV), the “AI Hyperscaler™”, has announced its planned acquisition of Core Scientific (NASDAQ: CORZ), a leading data center infrastructure provider, in an all-stock transaction. This acquisition, following CoreWeave’s successful IPO in March 2025, aims to verticalize CoreWeave’s data center footprint to future-proof revenue growth and enhance profitability. Market sentiment on this deal is likely to be largely positive, as it addresses strategic necessities in a booming AI market, though it also carries integration risks.

The U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement on Form S-4 for the proposed business combination between GrabAGun.com and Colombier Acquisition Corp. II (NYSE: CLBR). This paves the way for GrabAGun Digital Holdings (planned ticker: PEW on the NYSE) to go public.

Chime Financial, Inc. (NASDAQ: CHYM), one of the leading neobanks in the U.S., debuts on NASDAQ today, June 12, 2025. This initial public offering signals a potential revival of the IPO market for financial technology companies after a period of restraint.

The planned public listing of Circle Internet Group, Inc. (CRCL) on June 5, 2025, via the New York Stock Exchange (NYSE), is met with significant interest and a predominantly positive, yet cautious, market sentiment. As the issuer of the USDC stablecoin, Circle is positioning itself as critical infrastructure for the digital financial system.

eToro Group Ltd. (NASDAQ: ETOR) made its public debut—and the timing couldn’t have been better. The IPO was significantly oversubscribed, priced above the expected range at $52 per share, and soared nearly 40% on the first day of trading.

Nearly a year after its highly anticipated initial public offering, Reddit (RDDT) has established itself as an interesting, albeit still complex, stock in the public market. The platform, known for its diverse and engaged user communities, is navigating between impressive growth and the ongoing task of effectively monetizing that growth.

Since its public debut via a SPAC merger in 2021, SoFi Technologies (NASDAQ: SOFI) has navigated a notable journey. Initial enthusiasm gave way to a period of valuation compression as the company pursued its ambitious growth plans amidst a challenging economic environment.

The initial market sentiment surrounding Kodiak Robotics’ (KDK) plan to go public via a business combination with Ares Acquisition Corporation II (AACT) appears to be positive, although with some nuances to consider.