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Keyword: ipo

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  • Blue Apron slashes its IPO range

    06/28/2017 7:57:09 AM PDT · by BenLurkin · 23 replies
    cnbc ^ | Terri Cullen | Lauren Thomas
    The company now estimates it will price its IPO at $10 to $11 a share, down from the $15 to $17 a share it initially expected. The new pricing range implies a valuation of up to $2.08 billion, compared with $3.2 billion earlier. Last week, the company submitted a filing that kicked off the process to go public on the New York Stock Exchange under the symbol "APRN." Blue Apron had said it hoped to raise $100 million with its IPO. The company is now in the final stages of preparing to go public in an already competitive meal-kit landscape....
  • Saudi Arabia To List Aramco Shares In New York, London, Hong Kong

    05/09/2016 2:57:12 PM PDT · by bananaman22 · 3 replies ^ | 09-05-2016 | Ahmed Al Chemicali
    Saudi Arabia revealed more details about its planned initial public offering of the state-owned oil company Saudi Aramco. As part of Deputy Crown Prince Mohammed bin Salman’s vision to diversify the Saudi economy over the next decade and a half, the IPO of Aramco could raise cash while also making the company more transparent. The Telegraph reported that Saudi Aramco plans a three-way listing, with shares listed in London, New York, and Hong Kong. Also, Aramco hopes to convince some of the oil majors, including ExxonMobil, BP and China’s Sinopec, into taking “strategic stakes” in Aramco, “offering them long-term access...
  • Boom: Alibaba surges in huge IPO debut

    09/19/2014 9:31:49 AM PDT · by C19fan · 17 replies
    CNN Money ^ | Septembet 19, 2014 | Matt Egan
    Shares of the Chinese e-commerce giant opened at $92.70. That marks a 36% pop from the $68 price of its record-shattering initial public offering. The first day of trading can be very volatile. Alibaba continued to climb and nearly hit $100 before sinking back down to around $93.
  • Alibaba files to sell up to $24.3 billion in stock, biggest US IPO ever

    09/07/2014 10:13:06 PM PDT · by 2ndDivisionVet · 25 replies
    CNBC ^ | September 5, 2014 | Staff
    (VIDEO-AT-LINK)Chinese e-commerce giant Alibaba on Friday filed to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever. Alibaba is selling 123 million of the 320 million American Depositary Shares slated for the IPO at between $60 and $66 per share, according to a filing. Shareholders including Yahoo, Ma and executive vice chairman Joe Tsai are offering the remainder. Yahoo cut its stake in the company to 16.3 percent from 22.4 percent and SoftBank cut its stake to 32.4 percent from 34.1 percent earlier, Dow Jones reported....
  • Chinese Internet Giant Could Win Largest Ever U.S. Initial Stock Offering

    07/16/2014 9:37:41 AM PDT · by PoloSec · 7 replies
    The Free Beacon ^ | July 16 2014 | Daniel Wiser
    A Chinese Internet giant is expected to win approval from the Securities and Exchange Commission (SEC) for potentially the largest ever U.S. initial stock offering despite a myriad of investment and security risks posed by the IPO, critics say. Alibaba Group Holding Ltd., a Chinese company whose online retail sales exceed those of U.S. competitors, such as Amazon or Ebay, currently awaits SEC approval for the stock sale that could raise as much as $20 billion. The SEC has assented to several IPOs of Chinese companies with similar corporate structures since 2000. However, critics of the offering say the potential...
  • I Can't Believe the U.S. Government Wants to Unleash This on the Public

    04/09/2014 7:11:08 AM PDT · by Vigilanteman · 3 replies
    Money Morning ^ | 8 April 2014 | Shah Gilani
    Do you know Ally Financial Inc.? You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign. . . . But Ally isn't funny. It recently announced that it's launching an initial public offering (IPO) of its stock at a price per share of $25 to $28. The shares will be offered by the U.S. Treasury as part of its planned exit of its investment in Ally during the subprime crisis in 2008. I've heard some analysts say this...
  • A Failed IPO

    11/08/2013 1:47:52 PM PST · by Kaslin · 8 replies ^ | November 8, 2013 | Brian and Garrett Fahy
    If Obamacare’s website,, had an initial public offering, as Twitter did this week, how might its stock price be valued after its recent performance? In Colorado, nearly 250,000 people were notified that their health insurance will be cancelled because their plans fail Obamacare's requirements. In Washington State, nearly 200,000 people received similar notices. Coloradoans and Washingtonians may be losing their doctors and health insurance, but at least they have legalized marijuana to dull the pain. Delaware and North Carolina each boast one Obamacare enrollee. Winning. Beyond under-enrollment, the Obamacare-forced cancellations portend tragic consequences. The Wall Street Journal publicized the...
  • TWITTER IPO LIVE: Twitter stock opens up 73 pct

    11/07/2013 8:20:38 AM PST · by C19fan · 5 replies
    AP ^ | November 7, 2013 | Staff
    Twitter's stock debut up 73 above its IPO price, valuing Twitter at more than $31 billion. Twitter's trading debut is the most highly anticipated since Facebook's last year. Twitter will trade under the ticker symbol "TWTR." Twitter priced the initial public offering of stock at $26 per share, valuing the company at more than $18 billion based on its outstanding stock, options and restricted stock that'll be available after the IPO. The pricing means the short messaging service will raise $1.8 billion in the offering, before expenses.
  • SolarCity — Another Obama Scandal

    10/12/2012 1:51:43 PM PDT · by Cincinatus' Wife · 6 replies
    Western Journalism ^ | October 12, 2012 | Jack Inglewood
    SolarCity (SCTY), another “green energy” company and recipient of millions of dollars of taxpayer funds, in under investigation by the Internal Revenue Service (IRS), sources reveal. The company, which recently filed for its initial IPO, has disclosed that it received subpoenas in July from the U.S. Treasury Department. The Treasury Department is investigating whether companies overstated the market value of solar panel arrays they installed when claiming the 30% federal cash grant. The IRS also notified SolarCity that it is auditing two of its investment funds and reviewing the claimed value of solar systems submitted to receive the federal cash...
  • IPO Market Breeds Tech Stock Impostors

    "The only thing we learn from history - is that we never learn from history." This great maxim accurately explains the insanity reflected in some tech stocks and companies masquerading within that genre. It is reminiscent of the late 1990s. Those were the days of $200 billion+ Yahoo and AOL evaluations (before ever turning a profit) and IPOs of some of the most preposterous business plans ever conceived. I'm not referring to Apple's (AAPL) current valuation of $630 billion. I'm referring to companies like..." (continued)
  • Facebook Inc(NASDAQ:FB): Milberg LLP Announces Class Action Lawsuits Filed Against Facebook, Inc.

    05/30/2012 1:21:26 PM PDT · by Red Badger · 16 replies ^ | 05-30-12 | Staff
    NEW YORK, May 30, 2012 (MeshPress) — Milberg LLP announces that class action lawsuits were filed in the United States District Court for the Southern District of New York on behalf of purchasers of Facebook, Inc. (“Facebook”) FB -2.29% common stock pursuant to the Company’s May 18, 2012 initial public offering (the “IPO”). Actions were also filed in the Northern District of California. The complaints charge Facebook, certain of its officers and directors, and underwriters of the IPO with violations of the Securities Act of 1933. The actions allege that the Registration Statement and Prospectus issued with the IPO were...
  • California's risky bet on Facebook

    05/28/2012 8:24:39 AM PDT · by Mark Landsbaum · 6 replies
    Orange County Register ^ | 5-27-2012 | Mark Landsbaum
    California government may receive a windfall from huge capital-gains taxes on the sale of Facebook stock following the Palo Alto social-networking behemoth's recent initial public offering. Or not. Some were disappointed that the stock opened at $38 only to drop within a few days to $31. A worst-case scenario for Gov. Jerry Brown and his Democratic Party colleagues desperate to shore up the state budget would be if resales of Facebook stock kept declining in value, not only eliminating capital gains, but providing tax deductions for selling shares at less than their purchase price...
  • Sorry, Facebook Investors: It's Mostly Your Fault

    05/25/2012 5:38:22 AM PDT · by SeekAndFind · 12 replies
    Motley Fool ^ | 05/25/2012 | By Morgan House
    Stop me if you've heard this one. Thousands of largely novice investors line up for what's been billed as "the opportunity of a lifetime" to buy a "can't-miss" investment destined for easy gains. Pundits take position and say it's worth buying at "any price." People whisper in anticipation over how much they'll make. Fifty percent? Double their money? More? In the end, the floor drops out and they're left with hefty losses -- totally predictable losses. Furious investors want answers. What went wrong, they ask? The answer is usually complicated, but has a common denominator: You overpaid. Fell for the...
  • Shareholders sue Facebook, NYSE comes calling

    05/23/2012 7:40:34 PM PDT · by TigerLikesRooster · 33 replies
    Rueters ^ | 05/23/12 | Jonathan Stempel and Dan Levine
    Shareholders sue Facebook, NYSE comes calling By Jonathan Stempel and Dan Levine SAN FRANCISCO | Wed May 23, 2012 9:55pm EDT (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." The Nasdaq stock exchange also came under further pressure as a source close to the situation told Reuters that NYSE Euronext had opened discussions with Facebook about a potential stock listing there. Nasdaq also faces litigation from angry investors. Facebook's...
  • Senate panel to launch review of Facebook IPO

    05/23/2012 11:32:12 AM PDT · by US Navy Vet · 16 replies ^ | May 23, 2012 | AP via Foxnews
    A Senate panel is reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the IPO may have provided select clients with a negative assessment of the company. A Democratic aide to the Senate Banking Committee says the panel wants to learn more about the initial public offering. The committee seeks briefings with representatives of Facebook, regulatory agencies and others. The aide spoke on condition of anonymity because the committee's planned inquiry hasn't been publicly announced. Regulators are examining whether Morgan Stanley, the lead underwriter for the IPO, selectively informed clients of an analyst's negative view of...
  • Goldman Sachs to Cash Out of Facebook

    05/22/2012 11:59:30 PM PDT · by PieterCasparzen · 11 replies
    NBC BAY AREA ^ | 5/17/2012 | Chris Roberts
    They got in. And now they're cashing in. Goldman Sachs was an early investor in Facebook. And now with the technology company ready to go public, Goldman will be among the first to cash out, according to Bloomberg, ready to dump $1 billion in stock, or about half of the Wall Street investment bank's shares. The bank and its accompanying funds will sell 28.7 million of the 65.9 million shares they own -- more than twice the amount initially planned -- Facebook said yesterday in a filing. Goldman did so in a way that left both American shareholders and regulators...
  • Facebook overvalued at $50 bln: Bloomberg's global poll [IBTIMES story from 1 year ago]

    05/22/2012 11:48:16 PM PDT · by PieterCasparzen · 8 replies
    INTERNATIONAL BUSINESS TIMES ^ | 2/2/2011 | IBTimes Staff Reporter
    Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts. The Bloomberg poll conducted between January 21 and 24 shows investors disagree with Goldman Sachs' assessment that Facebook is worth more than Web pioneers such as Yahoo!, the biggest web portal, and eBay, owner of the biggest online retail marketplace. Palo Alto, California-based Facebook surpassed Yahoo! in October as the third most-visited website in the world, the report says. "Those...
  • Facebook Slides Amid Roadshow Questions (Morgan Stanley, Goldman, JPMorgan busted...)

    05/22/2012 4:58:37 PM PDT · by jimbo123 · 11 replies
    Wall Street Journal ^ | 5/22/12 | LYNN COWAN And LIZ MOYER
    Analysts for at least two of Facebook Inc.'s lead underwriters revised their financial forecasts for the company while it was holding initial-public-offering roadshow meetings with investors, according to people close to the deal. The revised figures were passed along only to some investors, according to Scott Sweet, an adviser with IPO Boutique who worked with hedge funds and others that were buying into the deal. That angered some who didn't get the updated figures, he said. Morgan Stanley and Goldman Sachs Group Inc. updated their financial projections for the social network after the company added warnings to its IPO prospectus...
  • Of Facebook, Mark Zuckerberg, IPO, Social Media and Weddings

    05/22/2012 1:39:18 PM PDT · by IsraelBeach · 10 replies
    Israel News Agency / Google News ^ | May 21, 2012 | Joel Leyden
    Of Facebook, Mark Zuckerberg, IPO, Social Media and Weddings By Joel Leyden Israel News Agency New York --- May 21, 2012 ... Another historic tech, Internet IPO has taken place. One that made headlines on Friday and continues to leave many wondering if Facebook is really a safe investment? Share prices that started out at 38 dollars have now sunk today to 34 dollars. Is Facebook a good investment? The answer to that question is yes. As many criticize Facebook for lacking real value or service, comparing Facebook to Google that serves the function of finding things, Mark Zuckerberg stays...
  • Morgan Stanley cut Facebook view pre-IPO: report (This info sent only to some major clients?)

    05/22/2012 7:43:06 AM PDT · by AngelesCrestHighway · 5 replies
    MarketWatch ^ | 05/22/12 | Greg Morcroft
    NEW YORK (MarketWatch) -- The consumer Internet analyst at Morgan Stanley /quotes/zigman/182639/quotes/nls/ms MS +3.26% , the lead underwriter for last week's Facebook Inc. /quotes/zigman/9962609/quotes/nls/fb FB -4.64% IPO, trimmed his outlook for the social-networking firm's revenues just days before the deal went live, Reuters reported Tuesday. The report said that the action, which it said was relayed to some of Morgan's major clients during Facebook's pre-IPO road show, came as a surprise to many potential investors so close to the stock's debut. Reuters explained that the cut came after Facebook released an updated prospectus ahead of the share sale that cautioned...