Unrivaled Valuation, Oura IPO, Data Center Backlash | Bloomberg Deals 8/26/2026

Watch on YouTube ↗  |  August 26, 2026 at 22:01  |  44:45  |  Bloomberg Markets
Speakers
Ryan Gould — Head of Content, Blockworks
Scarlet Fu — Anchor, Bloomberg Television
Hannah Miller — Bloomberg Reporter
Jason Greenberg — Global Head of Investment Banking Strategy & Executive Chairman of TMT Investment Banking, Jefferies
Maria Goodpaster — Partner, McKinsey & Company
Melissa Kalka — M&A, Private Equity Partner, Kirkland & Ellis
Kate Dorsey — Managing Director, Stonepeak
Laura Benitez — Bloomberg Reporter
Alex Bazzell — CEO & Co-Founder, Unrivaled
Norah Mulinda — Market Reporter, Bloomberg

Summary

The episode covers Anthropic's potential massive IPO, Oura's planned U.S. listing, Paramount/Warner deal settlement maneuvers, AI data center investment constraints and public backlash, plus Unrivaled's funding round and sports asset credit news. The main market implications are that AI infrastructure demand remains strong but faces power, equipment, permitting and community-opposition bottlenecks, while IPO and deal activity is accelerating and creative financing is spreading through private markets.

  • Anthropic is reported nearing an IPO within weeks with extreme addressable-market claims and unprecedented size.
  • Oura is seeking a $3 billion U.S. IPO at a valuation above $16 billion on strong ring sales and revenue growth.
  • Paramount may sell assets such as HGTV, Food Network, Comedy Central and New Line to resolve the Warner deal.
  • Jefferies' Jason Greenberg questions Nvidia ecosystem demand and sees agentic AI software acquisition or public listing ahead.
  • The investment committee sees data center opportunity concentrated in power, interconnection and contracted projects, not speculative builds.
  • Data center developers face community and political backlash in Texas, Pennsylvania and Chicago.
  • Unrivaled completed an oversubscribed round at a $650 million valuation and plans expansion to eight stops.
  • Midday movers included declines in Boston Scientific on a cyber issue and Snap on a Pennsylvania AG lawsuit.
Ideas
Ryan Gould Head of Content, Blockworks 0:54
Anthropic IPO may happen within weeks.
Anthropic is likely to tell investors it sees a tens-of-trillions dollar addressable market and could publicly file within days, putting an IPO on track for mid-September; this would be one of the largest IPOs ever, with heavy demand and possible share scarcity.
ANTHROPIC MED
Scarlet Fu Anchor, Bloomberg Television 3:15
Oura IPO has strong growth, valuation.
Oura is seeking to raise $3 billion in a U.S. listing as soon as September at a valuation above $16 billion, up from $11 billion in its Series E, with ring sales more than doubling and revenue growth continuing; it is part of a wave of European companies choosing U.S. IPOs.
OURA MED
Hannah Miller Bloomberg Reporter 6:08
Paramount asset sales could resolve deal.
Paramount is considering selling Warner Bros. Discovery assets such as HGTV, Food Network, Comedy Central and New Line to settle California AG objections; potential bidders are eyeing the assets, but delays could get expensive because Paramount must pay a quarterly fee if the deal does not close by the end of September.
PSKY MED
Jason Greenberg Global Head of Investment Banking Strategy & Executive Chairman of TMT Investment Banking, Jefferies 10:46
Nvidia ecosystem demand may be distorted.
Nvidia is supplier, investor and financier to many companies in its ecosystem, which may prime demand and flatter reported growth; the four largest hyperscalers are also developing their own chips, so Nvidia faces customer concentration risk and must prove it can create a self-sustaining competitive ecosystem.
NVDA MED
Jason Greenberg Global Head of Investment Banking Strategy & Executive Chairman of TMT Investment Banking, Jefferies 12:58
Agentic enterprise software likely acquisition targets.
AI deal activity is shifting from talent acquisitions to gap-filling deals, and agentic enterprise software businesses like Harvey and Sierra need acquisition currency; if foundation model players need applications as captive demand, they will aggressively acquire the leading agentic AI businesses, or those businesses will go public.
Agentic enterprise software MED
Maria Goodpaster Partner, McKinsey & Company 25:16
Power data center equipment is constrained.
Power is the largest constraint in the AI data center buildout, and other hardware such as high-voltage transformers and backup generators are also highly constrained; the main client opportunities are in the supply chain and infrastructure constraints.
Data center power infrastructure High-voltage transformers Backup generators HIGH
Melissa Kalka M&A, Private Equity Partner, Kirkland & Ellis 25:49
Data center value chain offers broad opportunities.
The data center industry has scaled from roughly $15 billion to $40 billion deals, creating opportunities to invest across many parts of the value chain including development projects, stabilized assets and fiber; demand for capital is at unprecedented levels, though investors are chasing many of the same pockets.
Data center value chain MED
Kate Dorsey Managing Director, Stonepeak 27:08
Favor contracted-power data centers; avoid speculative.
Data center assets, companies and platforms that have secured power, grid interconnection, strong contracted demand and creditworthy counterparties warrant premium valuations, while speculative builds without power or signed leases are riskier; the key differentiation is between paper capacity and real, deliverable capacity.
Data center assets with secured power and interconnection HIGH
Kate Dorsey Managing Director, Stonepeak 27:08
Favor contracted-power data centers; avoid speculative.
Data center assets, companies and platforms that have secured power, grid interconnection, strong contracted demand and creditworthy counterparties warrant premium valuations, while speculative builds without power or signed leases are riskier; the key differentiation is between paper capacity and real, deliverable capacity.
Speculative data center builds HIGH
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This Bloomberg Markets video, published August 26, 2026, features Ryan Gould, Scarlet Fu, Hannah Miller, Jason Greenberg, Maria Goodpaster, Melissa Kalka, Kate Dorsey discussing ANTHROPIC, OURA, PSKY, NVDA, Agentic enterprise software, Data center power infrastructure, High-voltage transformers, Backup generators, Data center value chain, Data center assets with secured power and interconnection, Speculative data center builds. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ryan Gould, Scarlet Fu, Hannah Miller, Jason Greenberg, Maria Goodpaster, Melissa Kalka, Kate Dorsey  · Tickers: ANTHROPIC, OURA, PSKY, NVDA, Agentic enterprise software, Data center power infrastructure, High-voltage transformers, Backup generators, Data center value chain, Data center assets with secured power and interconnection, Speculative data center builds