WhiteFiber raises $159.4 million in IPO, beginning Nasdaq buying and selling below WYFI, with a concentrate on AI infrastructure and high-performance computing.
- WhiteFiber’s IPO raises $159.4 million on Nasdaq as WYFI.
- IPO priced at $17 per share for 9.375 million shares.
- WhiteFiber focuses on AI infrastructure and high-performance computing.
WhiteFiber, Inc. is ready to debut on the Nasdaq Capital Market below the ticker WYFI, launching an upsized IPO priced at $17 per share, beginning August 7, 2025.
The IPO highlights rising curiosity in AI infrastructure, although its connection to cryptocurrency markets stays minimal, reflecting a broader pattern of tech IPOs indirectly tied to blockchain or crypto sectors.
WhiteFiber’s upsized IPO, priced at $17 per share, commenced buying and selling on Nasdaq below the image WYFI. The supply entails 9,375,000 shares, with a 30-day choice for added shares, aimed toward supporting AI infrastructure options. “The abnormal shares are anticipated to start buying and selling on The Nasdaq Capital Market on August 7, 2025 below the image ‘WYFI.’” Source
The IPO options key gamers like B. Riley Securities and Needham & Firm as joint bookrunners. WhiteFiber, a number one AI infrastructure provider, sees elevated curiosity with buying and selling starting on August 7, 2025.
The IPO’s quick impression has been notable in attracting investor consideration to the AI and know-how sectors. The corporate’s concentrate on generative AI workloads positions it strategically throughout the tech trade.
Monetary implications embrace vital gross proceeds supposed for company development. Nonetheless, particular allocation particulars stay undisclosed, prompting buyers to seek advice from the official SEC prospectus for complete insights.
With Nasdaq itemizing finalized, WhiteFiber goals to reinforce its market presence in AI options. The authorized counsel supplied by White & Case LLP strengthened the efficient launch into the general public market.
The IPO underscores a pattern of tech companies tapping into public markets amid rising demand for superior AI infrastructure. Historic information counsel a possible enhance in inventory efficiency parallel to AI sector development, emphasizing long-term investor curiosity.