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A Samsung Electronics executive invested 700 million South Korean won to increase their holdings in the company’s stock.

2026.07.31 19:31:30

According to Yonhap News Agency, amid recent sharp fluctuations in Samsung Electronics' stock price, Noh Tae-moon, President and Co-CEO of Samsung Electronics' DX Division, spent approximately 700 million won to increase his holdings in the company. South Korea's Financial Supervisory Service's Electronic Disclosure System (DART) disclosed on July 31 that Noh purchased 3,045 Samsung Electronics shares at 230,000 won per share the previous day, totaling around 700.35 million won. Following this share purchase, his total stake in the company reached 124,280 shares.

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Seven co-founders of Anthropic plan to cash out $1.75 billion in its blockbuster IPO.

According to the latest prospectus released on Tuesday, the seven co-founders of Anthropic PBC will collectively sell shares worth $1.75 billion in next week's initial public offering (IPO). Calculated based on the midpoint of the IPO's price range, each co-founder plans to sell shares worth approximately $250 million. According to the Bloomberg Billionaires Index, at this valuation, each co-founder's net worth will reach around $180 billion. The San Francisco-based company is seeking to raise up to $90.4 billion through its IPO and private placement, corresponding to a valuation of roughly $1.4 trillion. Per deal terms reviewed by Bloomberg, the IPO is scheduled to be priced on November 18 and start trading the next day.

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