By Los Angeles Times
LinkedIn may be the first company to quench investor thirst for the red-hot social networking market.
Despite months of headlines from Facebook, Chicago-based Groupon and Twitter, the company that connects more than 85 million professionals could be first out of the gate. It has been quietly preparing an initial public offering for as early as the first quarter.
LinkedIn has hired Bank of America Merrill Lynch, Morgan Stanley and JPMorgan Chase to advise it after a round of interviews in November. The size of the offering is not known, but it’s expected to be small relative to the company’s valuation. LinkedIn’s implied valuation on the private trading marketplace SharesPost is $2.2 billion.
Dec. 29, 2010 at 10:54 a.m.
Filed under:
IPOs,
Investing,
Venture capital
From DealBook | With the news that Groupon’s board has authorized the daily deal site to raise up to $950 million in funding, many investors and analysts are now debating what exactly Groupon is worth. The venture capital data provider VC Experts estimates that the new round of fundraising values Groupon at $6.4 billion, while TechCrunch, citing an unnamed source, pegs it at a more modest $4.75 billion.
Dec. 27, 2010 at 2:17 p.m.
Filed under:
Autos,
IPOs
By Reuters
Tesla Motors shares fell the most since early July Monday, the first day insiders could sell shares that they bought during the electric carmaker’s initial public offering six months ago. Get the full story »
Dec. 23, 2010 at 11:55 a.m.
Filed under:
IPOs,
Media
By Dow Jones Newswires
Nielsen, which provides ratings on television viewing among other media services, has targeted next month for an initial public offering of stock, CNBC’s Kate Kelly reported Thursday.
The company is in talks regarding the timing, but it intends to begin a road show for investors during the Jan. 10-14 workweek, Kelly cited sources as saying. Pricing the shares to be sold through the IPO could then follow, possibly in late January, she said. Get the full story »
Dec. 6, 2010 at 4:17 p.m.
Filed under:
IPOs,
Stock activity
By Associated Press
Wintrust Financial Corp. on Monday said it has started two public offerings, one of common stock and the other tangible equity units to raise money to buy back the preferred stock held by the U.S. government. Get the full story »
Dec. 3, 2010 at 6:04 p.m.
Filed under:
Consumer news,
IPOs,
Internet,
M&A,
Startups,
Technology
Groupon CEO Andrew Mason speaks at the company's headquarters on Aug. 31, 2010. (Brian Cassella/Chicago Tribune)
By Melissa Harris and Wailin Wong
The deal didn’t tip after all.
Chicago-based Groupon Inc. has turned down an acquisition offer from Google Inc. and is staying independent, two sources with direct knowledge of the situation said Friday.
The two companies had been engaged in talks, with speculation about the marriage reaching a fever pitch over the last week. Mountain View, Calif.-based Google reportedly had offered between $5 billion and $6 billion for the daily deal start-up. Get the full story »
Dec. 2, 2010 at 5:52 p.m.
Filed under:
Autos,
Banking,
IPOs,
Taxes
By Associated Press
The Treasury Department has received an additional $1.8 billion in net proceeds from the sale of additional stock in General Motors. Get the full story »
Nov. 29, 2010 at 11:21 a.m.
Filed under:
Energy,
IPOs
By Associated Press
Wind energy company First Wind Holdings Inc. said Wednesday that it will withdraw the registration for its initial public offering, citing “unfavorable market conditions.” Get the full story »
Nov. 26, 2010 at 5:04 p.m.
Filed under:
Autos,
IPOs,
Updated
By Reuters
General Motors Co’s underwriters exercised their full overallotment option, making the initial public offering of the U.S. automaker the biggest in the world, at $23.1 billion. Get the full story »
Nov. 19, 2010 at 7:06 a.m.
Filed under:
Entertainment,
IPOs
By Dow Jones Newswires
Harrah’s Entertainment, which operates two casinos in Illinois, canceled its initial public offering, citing market conditions.
The casino operator was expected to price the offering on Thursday and begin trading on the Nasdaq this week. Harrah’s had said it would raise as much as $531 million for casino projects and to help with its heavy debt burden. Get the full story »
Nov. 18, 2010 at 6:31 a.m.
Filed under:
Autos,
IPOs
By Reuters
General Motors Co. prepared for a dramatic return to the stock market on this morning with what is set to become the world’s largest share offering less than a year and a half after emerging from bankruptcy.
GM shares were set to begin trading on the New York and Toronto stock exchanges, capping the first stage of a turnaround that has taken the 102-year-old automaker from near-death in 2008, via a 2009 bailout, to unlikely Wall Street flotation favorite in 2010. Get the full story »
Nov. 17, 2010 at 5:43 p.m.
Filed under:
Autos,
Bankruptcy,
IPOs
By Reuters
The U.S. Treasury will raise gross proceeds of at least $11.8 billion in the General Motors Co. initial public offering, reducing its ownership stake in the bailed-out automaker to just under 37 percent. Get the full story »
Nov. 17, 2010 at 3:35 p.m.
Filed under:
Autos,
Bankruptcy,
IPOs,
Updated
By Reuters
General Motors raised $20.1 billion in the biggest U.S. initial public offering in history, pricing the shares at the top of the proposed range in response to huge investor demand.
GM sold 478 common shares at $33 each, raising $15.77 billion, as well as $4.35 billion in preferred shares, more than the initially planned $4 billion. Get the full story »
Nov. 17, 2010 at 10:11 a.m.
Filed under:
Autos,
IPOs,
Investing
By Associated Press
When General Motors finally offers stock to the public later this week, small investors will probably be left out in the cold.
Pension funds, mutual funds and other big institutions all want a piece of the rehabilitated GM. That means the three dozen banks divvying up the new shares may not have much left for individual investors.
And being left out of the initial public offering can mean being left out of some big profits: Shares of newly public companies sometimes jump 10 percent or more on the first day of trading, handing easy money to those lucky enough to get access at the offering price.
Nov. 17, 2010 at 5:44 a.m.
Filed under:
Autos,
IPOs
By Reuters
General Motors Co. Wednesday set the final terms for a landmark initial public offering that could raise up to $22.7 billion after a surge of investor interest in an automaker that had fallen from blue-chip status to government bailout.
At the high end of its price range, the IPO could be the largest ever in the United States — and a major first step toward break-even for a $50 billion U.S. government bailout of the 102-year-old company. GM plans to sell 478 million common shares for $32 to $33 each and $4 billion worth of preferred shares, according to an amended filing with U.S. securities regulators Wednesday. Get the full story »
