OpenAI submitted a draft prospectus(招股说明书草案) for its initial public offering, firing the starting gun on another blockbuster(重磅的、轰动性的) stock-market flotation. The firm said it had announced the filing because it expected it to be leaked, and had not yet decided on the timing of its IPO. Reports suggest it could come as early as September and target a market capitalisation of $1trn. Anthropic(①背景：由OpenAI前员工创立，专注于...) recently filed papers for its market debut. Meanwhile, SpaceX(①背景：由埃隆·马斯克创立，私人航天公司...) prepared its first sale of shares. The most eagerly anticipated IPO in years was said to be heavily oversubscribed(超额认购的).
OpenAI提交了首次公开募股的招股说明书草案，为另一场重磅股票上市打响了发令枪。该公司表示，之所以公布这一文件，是因为预计会被泄露，而且尚未决定IPO的时间。有报道称，IPO最早可能在9月进行，目标市值1万亿美元。Anthropic最近也提交了上市文件。与此同时，SpaceX准备首次出售股票。多年来最受期待的IPO据说被严重超额认购。
Although investors were gripped by IPO euphoria(极度兴奋、欢欣), stock markets had a rocky few days(动荡的几天), with tech-share prices falling the most since Donald Trump’s Liberation Day(①背景：2025年4月，特朗普宣布大规模...) announcement of tariffs in April 2025. The NASDAQ Composite dropped by 4.2% on June 5th, and the S&P 500 declined by 2.6%. Markets bounced around in the following days. South Korea’s stock market was particularly volatile(易波动的、不稳定的), causing a brief suspension in trading, as share prices in the country’s memory-chip-makers(存储芯片制造商) swung wildly.
尽管投资者被IPO热潮所吸引，但股市经历了动荡的几天，科技股价格跌幅为自2025年4月特朗普在解放日宣布关税以来最大。纳斯达克综合指数在6月5日下跌4.2%，标普500指数下跌2.6%。随后几天市场震荡。韩国股市尤其波动，导致交易短暂暂停，因该国存储芯片制造商的股价剧烈波动。
One of those Korean chipmakers, SK Hynix(SK海力士（韩国芯片制造商）), was reported to be preparing to list shares in America for the first time in August. The company acknowledged that it plans to sell American depositary receipts(美国存托凭证) (enabling US investors to buy its shares) but said the details had not yet been decided.
其中一家韩国芯片制造商SK海力士据报道正准备于8月首次在美国上市。该公司承认计划出售美国存托凭证（使美国投资者能够购买其股票），但表示细节尚未决定。
Sex substitutes
性替代品