IPO

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LinkedIn Files to Go Public
 LinkedIn Files to Go Public 

LinkedIn Files to Go Public

IPO seen as gauge of market interest in social networks

(Newser) - After weeks of speculation , LinkedIn has confirmed what many suspected—it will go public later this year. The career-focused social networking site filed a registration statement with the SEC yesterday, setting the stage for the company to become the biggest social network yet to land on Wall Street, reports Mashable...

IPO Talks Peg Value of Groupon at Staggering $15B

Public offering could come in spring

(Newser) - Social deal site Groupon is moving toward an initial public offering that values the company at the princely sum of $15 billion, the New York Times reports. The company met with bankers this week to discuss the IPO, likely to occur in the spring; it would be one of the...

Expect Facebook to Be Publicly Traded Next Year

It will hit the 500-shareholder deadline this year

(Newser) - The Goldman-Facebook deal has triggered all kinds of speculation about whether Mark Zuckerberg will turn his little company into a publicly traded one, and the Wall Street Journal now makes things a little less abstract: Figure on Facebook going public by April 2012. It arrives at that date based on...

LinkedIn Going Public —to Trump Facebook

Financial underwriters already selected, say sources

(Newser) - Facebook may not be going public just yet, but LinkedIn sure as heck is. The professional networking site will go public this year, multiple sources tell Reuters , although a company rep officially calls an IPO “just one of many tactics that we would consider.” Why are they doing...

Goldman Loot Staves Off Facebook IPO

By delaying, Facebook keeps secrets, avoids regulation

(Newser) - The $500 million Goldman Sachs and other investors just dropped on Facebook will stave off its long-awaited IPO for a good while longer, the New York Times observes. Until recently, tech companies would jump to go public as soon as possible, but Facebook has so far decided it’s not...

Facebook Passes eBay in Value

 Facebook Passes eBay in Value 

Facebook Passes eBay in Value

It's now the web's third most valuable company

(Newser) - Facebook’s estimated market value has shot past eBay’s, making it the third most valuable web company. Shares of the privately held company are now trading at more than $16 on SecondMarket, sources tell Bloomberg , which would make the overall company worth $41 billion—behind only Amazon ($74.4...

Google Pays Engineer $3.5M Not to Go to Facebook

Competition heats up, as Google employees eye IPO-bound companies

(Newser) - How desperate is Google to prevent its employees from bolting for Facebook? So eager that it just paid an engineer a whopping $3.5 million in restricted stock to turn down an offer from the social networking giant, sources tell Tech Crunch .

GM Files for Public Stock Offering

Company begins process of cutting ties to government

(Newser) - General Motors today filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the automaker closer to its goal of shedding government ownership. The 700-page registration form, filed with the SEC, begins a process that will lead to an initial public...

Tesla IPO Roars Out of the Gate

Private sector gives electric cars a vote of confidence

(Newser) - The Dow may have plunged yesterday, but over on the Nasdaq, things were great for new kid Tesla Motors. In its first day of trading, Tesla's price shot up almost 41% from its $17 offer price, closing at $23.89, after at one point hitting $25, MarketWatch reports. The company's...

Facebook Pulled in $800M in '09
 Facebook Pulled in $800M in '09 

Facebook Pulled in $800M in '09

Site making more money than previously believed

(Newser) - Facebook made a lot more money last year than it let on. The company’s actual revenues were close to $800 million, sources tell Reuters , which translates into tens of millions in profits. Facebook had forecast $500 million in revenue, and analysts had assumed the actual number was in that...

Tesla's CEO Is Broke
 Tesla's CEO Is Broke 

Tesla's CEO Is Broke

And the company hasn't disclosed that to investors

(Newser) - Elon Musk is a legend in Silicon Valley: His much-buzzed about electric car company, Tesla Motors, is on the verge of a major IPO, and he even had a cameo in Iron Man 2. There's just one problem. “About four months ago, I ran out of cash,” he...

What It's Like to Work for This Guy

 What It's Like 
 to Work for 
 This Guy 

facebook gossip

What It's Like to Work for This Guy

'Princely' Mark Zuckerberg used to shout 'domination' at meetings

(Newser) - When Facebook goes public, its IPO could make founder and CEO Mark Zuckerberg the richest 25-year-old in the world. But Zuckerberg, who prides himself on his ability to delay gratification, is in no hurry: Facebook will go public, he says, but not anytime soon. Zuckerberg has, however, switched from sandals...

Facebook Edges Closer to Going Public

It revamps stock but says it has no IPO plans 'at this time'

(Newser) - Facebook revamped its stock structure today in a move sure to heat up speculation that it's going public. The company will have two classes of shares, A and B, reports the Wall Street Journal . Everyone currently on board will hold B shares, with 10 times the voting power of A...

Wall Street Rakes in $1B in Fees on AIG Breakup

Morgan Stanley set to pocket $250M in 'advisory services'

(Newser) - The crumbling of AIG forced taxpayers to take on 80% of the company, but breaking the insurance giant up is turning out to be a bonanza for lawyers and banks. The Wall Street Journal calculates that firms will pull in $1 billion in fees from AIG and the Fed—one...

OpenTable Brings (False) Hope for IPOs
OpenTable Brings (False) Hope for IPOs
Analysis

OpenTable Brings (False) Hope for IPOs

Great company creates an old-school frenzy, but it's a one-time deal

(Newser) - A hot website goes public, and investors go wild. Shares soar 59% on the first day of trading. “Is this really May 2009?” asks James B. Stewart of SmartMoney. The stock is OpenTable.com, which went public at $20 and is trading just south of $27. "The company...

Zuckerberg: Facebook IPO 'a Few Years Out'

(Newser) - Mark Zuckerberg tells Reuters he does indeed intend to take Facebook public—just don't hold your breath waiting for it. The company is still "a few years out from that," said the 25-year-old co-founder. He said Facebook has plenty of capital, though he didn't deny that company execs...

Going Public in Bear Market Is Risky Bet for Rosetta Stone

Firm could make less money due to bear market

(Newser) - Rosetta Stone, the popular language-learning software maker, holds its initial public stock offering today—a risky move in a bear market, Jennifer Collins reports for Marketplace. Rosetta Stone’s profit has quadrupled since 2007, but it could make twice as much by waiting. It’s possible Rosetta needs cash now,...

EBay to Spin Off Skype in IPO Next Year

Company aims to end 'marriage from hell' through stock offering

(Newser) - Ebay plans to end its uneasy relationship with Skype by offloading the ill-fitting acquisition through an IPO early next year, Bloomberg reports. Analysts say the move could raise up to $1 billion for eBay, depending on how much equity the auction powerhouse wants to give up. The company declined to...

Nasdaq Swipes $80B in NYSE Listings

Nasdaq offers information, screen-time to woo NYSE clients

(Newser) - In the war for stock listings, Nasdaq is on the offensive, offering companies beefed-up information and appearances on the exchange's towering Times Square video screen to woo them from the NYSE, the Wall Street Journal reports. Nasdaq was "very aggressive in creating marketing opportunities" for Dreamworks, including a 7-story...

Ailing Biotech Firms Need Shot in the Arm

Flatlining economy threatens breakthrough medical research

(Newser) - For the first time in years, the biotech industry is in desperate need of a lifeline, Bloomberg reports, as the economic crisis threatens to shove companies into bankruptcy and derail the development of potentially life-saving drugs. “I’m looking down the barrel of a gun,” admitted one CEO....

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