Latigo Biotherapeutics filed for an IPO

Latigo Biotherapeutics, a Thousand Oaks, California-based developer of non-opioid pain medicines, filed for an IPO with the SEC on July 17, 2026. The clinical-stage biotechnology company plans to raise $100 million and list on the Nasdaq under the ticker symbol LTGO. 

The Blue Owl Capital Inc.-backed clinical-stage developer of non-opioid pain medicines has one drug candidate in late-stage trials that has shown a roughly 50% greater analgesic effect than Vicodin, a comparable opioid, according to its filing Friday with the US Securities and Exchange Commission.

Key IPO Details

Ticker Symbol: LTGO
Target Exchange: Nasdaq Global Select Market
Underwriters: Goldman Sachs, Jefferies, Leerink Partners, and Guggenheim Securities
Target Amount: Approximately $100 million
Pipeline Highlights: The company is advancing LTG-001 (for acute pain) and LTG-321 (for osteoarthritis). Their lead candidate has shown a roughly 50% greater analgesic effect compared to the opioid Vicodin in trials.

==VICI Properties (VICI) : 8-year performance

 IPO Date:  February 1, 2018, under the ticker VICI.

Pricing: The company priced an upsized offering of 60.5 million shares at $20.00 per share (midpoint of the $19–$21 range) on January 31, 2018. This raised approximately $1.21 billion.

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Overallotment: Underwriters fully exercised their option, leading to a total of 69,575,000 shares sold upon closing on February 5, 2018.

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Market Value at Pricing: Around $7.2 billion.

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Underwriters: Led by Morgan Stanley, Goldman Sachs, and BofA Merrill Lynch (with others involved). 

BackgroundVICI Properties is a real estate investment trust (REIT) focused on casino, gaming, hospitality, entertainment, and leisure properties (often under triple-net leases). It was formed on October 6, 2017, as a spin-off from Caesars Entertainment Operating Company (CEOC) during its Chapter 11 bankruptcy reorganization. The company started with a portfolio including iconic assets like Caesars Palace Las Vegas. 

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It rejected an acquisition offer from MGM Growth Properties and proceeded with the IPO. Proceeds were primarily used to pay down debt. 

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VICI has since grown significantly through acquisitions (e.g., Venetian-related assets) and is now an S&P 500 component with a large portfolio of experiential real estate assets. 

Data center firm Switch taps banks for IPO

July 13 (Reuters) - Data center operator Switch has hired investment banks for an initial public offering ‌that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.

Goldman Sachs (GS), opens new t and JPMorgan Chase (JPM), opens new tab have been tapped as lead underwriters for the offering, the people said. ​The size, timing and valuation remain under discussion and could still change, the sources said, requesting anonymity because ​the deliberations are confidential.

Switch operates large-scale data center campuses that provide the power, cooling and connectivity needed to support AI computing, allowing cloud providers and ​enterprises to deploy energy-intensive GPU clusters used for training and running artificial intelligence models.

Data centers have become critical to the AI infrastructure buildout, as companies race to secure computing capacity needed to train and deploy increasingly powerful models. Investors have also shown interest in companies supporting the broader AI infrastructure ecosystem, ​with upcoming public offerings such ​as SoftBank-backed SB Energy’s IPO ⁠adding to the pipeline of large technology and infrastructure listings.

The pipeline also includes Brookfield-backed data center provider Csquare, which is targeting a valuation of up to $4.18 billion in its U.S. ​initial public offering. AI chipmaker Cerebras Systems (CBRS) surged in its market debut in May after ​the company ⁠raised $5.55 billion in its IPO.

Las Vegas-based Switch was taken private by DigitalBridge and IFM Investors for $11 billion in 2022. Australian pension fund ⁠Aware Super ​bought a minority stake from Switch's owners in 2023. The company was ​founded in 2000 by Chief Executive Rob Roy.

Switch's data centers have been powered by renewable energy since 2016, a feature that may appeal to technology ​companies with decarbonization targets.