In today’s briefing:
- Oura (OURA) IPO: Three Numbers Investors Should Watch
- U.S. IPO & Equity Capital Markets Brief 9/21/2026
- Google Cloud CEO Thomas Kurian @ Goldman Sachs Technology Conference. Key Takeaways, Full Transcript
- SLB’s Data Center Revenue Jumps 80% — Can The Business Reach $2 Billion By 2027?
- Accelevation Holdings (ACCV): Another AI Infrastructure Company Sets Terms, Seeking $5b+ Valuation
- SEC Fills CLARITY Vacuum
- Omnicom Group’s $900 Million Synergy Engine — Can The Interpublic Integration Transform Earnings?
- Ecolab’s CoolIT & Ovivo Expansion Unlocks A Bigger Data Center Infrastructure Opportunity!
- Gentex’s Hidden Growth Engine — Klipsch & Onkyo Are Expanding Fast!
- Smucker’s $5.6 Billion Twinkies Bet Went Wrong — Can It Still Be Saved?
Oura (OURA) IPO: Three Numbers Investors Should Watch
- Oura, Inc. plans to sell 50.0 million shares at an expected price of $40.00 to $44.00 per share and list on the Nasdaq Global Select Market under the ticker OURA.
- At the $42.00 midpoint, the offering would raise approximately $2.10 billion and value the company at approximately $13.48 billion.
- Goldman Sachs, Morgan Stanley and J.P. Morgan are leading the offering.
U.S. IPO & Equity Capital Markets Brief 9/21/2026
- Period: September 21-25, 2026. Two qualifying IPOs are scheduled to trade this week.
- Bamboo and ADARx represent approximately $1.015 billion at midpoint; Oura is scheduled to trade September 30.
- Bamboo Insurance is expected to price September 22 and trade September 23.
Google Cloud CEO Thomas Kurian @ Goldman Sachs Technology Conference. Key Takeaways, Full Transcript
- Google Cloud has 17 product lines with more than $1 billion in revenues and their customers on average exceeded their commitments by more than 50%.
- They have also seen more than 2x QoQ and YoY growth in the number and value of $100 million to $1 billion deals, >300 customers each with $100 million-plus commitments.
- The size of our TPU business is more than twice that of the next-largest hyperscaler. Our payback period on AI servers in aggregate is less than two years.
SLB’s Data Center Revenue Jumps 80% — Can The Business Reach $2 Billion By 2027?
- Schlumberger Limited reported second-quarter 2026 revenue of $9 billion, up 3% sequentially as international growth and a North American rebound offset Middle East weakness.
- Middle East revenue declined 13% sequentially to $1.66 billion because of regional conflict and security disruptions, particularly in Iraq.
- Management expects activity to recover gradually, although the pace will vary by country and customer.
Accelevation Holdings (ACCV): Another AI Infrastructure Company Sets Terms, Seeking $5b+ Valuation
- Accelevation targets a $4.5-$5.4 billion valuation, offering investors exposure to the rapidly expanding AI and data center infrastructure buildout.
- Revenue surged 176% in 1H26, while $1.1 billion of backlog and a 2.5x book-to-bill provide significant forward revenue visibility.
- Olympus Partners is selling 21.4 million shares, making the IPO primarily a secondary offering, while proceeds will repay approximately $180 million of debt.
SEC Fills CLARITY Vacuum
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Bitcoin closed at $81,169 (CoinGecko, Sep 20 close), up nearly 5.7% w/w after both twin catalysts landed.
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CLARITY Act failed cloture 49-50 on Sep 15. Four Republicans defected. Effectively dead for 2026.
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Fed hiked 25bp to 3.75-4.00% on Sep 16 in a unanimous 12-0 vote. First hike since July 2023. Dot plot shows 16 of 18 expect another hike this year.
Omnicom Group’s $900 Million Synergy Engine — Can The Interpublic Integration Transform Earnings?
- Omnicom Group Inc. reported its second quarter 2026 results reflecting a continuation of its strategic repositioning following the integration with Interpublic, casting it as a more integrated operating company rather than a traditional holding company.
- The company achieved organic revenue growth of 6.1% from its Core Operations, which exclude assets held for sale or planned dispositions, driven primarily by strong performance in Integrated Media and experiential disciplines.
- Core Operations generated 91.4% of total revenue and 95% of adjusted EBITA, which grew 20.4% year-over-year, with EBITA margin improving nearly 200 basis points to 17.8%, largely attributed to the realization of cost reduction synergies.
Ecolab’s CoolIT & Ovivo Expansion Unlocks A Bigger Data Center Infrastructure Opportunity!
- Ecolab reported a second quarter characterized by continued organic sales growth and margin stabilization despite challenging commodity cost inflation.
- Adjusted earnings per share increased by 11%, supported by 5% organic sales growth, stable organic gross margins, and productivity gains.
- Pricing actions, including a newly implemented global energy surcharge, contributed to a 4% price increase in the quarter, with expectations for pricing to strengthen to 5-6% in the second half of 2026.
Gentex’s Hidden Growth Engine — Klipsch & Onkyo Are Expanding Fast!
- Gentex Corporation’s second quarter of 2026 financial results showed net sales of $651.3 million, reflecting a slight 1% decrease compared to the same period last year.
- Automotive revenue declined approximately 3% year-over-year, primarily due to lower shipments in Europe, Japan, Korea, and China.
- This decline was partially offset by stronger demand in North America and higher vehicle content in Europe.
Smucker’s $5.6 Billion Twinkies Bet Went Wrong — Can It Still Be Saved?
- The J.
- M.
- Smucker Company made one of the biggest bets in its history when it acquired Hostess Brands for roughly $5.6 billion in 2023, bringing Twinkies, Donettes, Ding Dongs and other familiar snack brands into a portfolio already dominated by coffee, peanut butter, pet food and frozen sandwiches.
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