stock offering

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Twitter Explodes in IPO

Stock flirts with $50 price tag in early trading

(Newser) - If you were worried that Twitter's stock market debut would be like Facebook's, worry no longer. Twitter exploded out of the gate this morning, at times trading as much as 74% higher than its IPO price, the AP reports. As of 11:05am, the stock was just a... More »

Chrysler Files for IPO

Valued at up to $100M

(Newser) - The Chrysler Group has filed paperwork for an initial public offering for some of its shares—the first time the company's shares will be publicly traded since 1998, the AP reports. The move comes at the behest of a United Auto Workers retirement trust, which owns 41.5% of... More »

Morgan Stanley CEO Defends Facebook IPO

Give the stock some time, he says

(Newser) - Morgan Stanley CEO James Gorman didn't feel the need to make any apologies in his first public comments since Facebook's IPO disaster. Gorman, speaking to CNBC , defended his bank's role as chief underwriter on the deal. "There are lot of opinions," he said of the... More »

Facebook Backers Helped Short Sellers

Morgan Stanley adjusting thousands of first-day trades

(Newser) - Some traders at the underwriters of Facebook's bungled IPO were busy aiding short sellers who bet the stock would drop in the days after its debut, the Wall Street Journal finds. Insiders say traders at JPMorgan and Goldman Sachs were loaning out the shares hedge funds needed to bet... More »

Insiders Warned on Facebook IPO, Regulators Launch Investigation

Only big investors were tipped off to revised revenue forecast

(Newser) - Facebook's IPO is looking more disastrous by the day. Regulators are now probing reports that underwriter Morgan Stanley and other banks cut their revenue forecasts for the company just days before the IPO—but only advised major clients of the change. Insiders believe the revised forecast, which smaller investors... More »

Brokerages Stop Taking Facebook IPO Orders

Buying, selling frenzy expected tomorrow

(Newser) - Several brokerages have told clients that it's now too late to order Facebook shares ahead of the expected stampede when the stock goes public tomorrow. Morgan Stanley—one of the 33 underwriters of the huge IPO—is among those that have stopped accepting new orders, sources tell Reuters . Its... More »

Facebook Expands IPO, Could Raise $16B

Stock offering may become third largest in US history

(Newser) - Facebook's behemoth of an IPO is getting even bigger. After raising its price range , the company has now decided to expand the size of the stock offering by 25% to 422 million shares, sources tell Reuters . The IPO could now raise as much as $16 billion—dwarfing Google's... More »

Facebook Boosts IPO Price

Price range to be $34 to $38 after roadshow meets strong demand

(Newser) - Looks like Facebook's IPO roadshow has done a pretty good job of drumming up investor interest. The company has raised its IPO price range up to $34 to $38 a share from $28 to $35 a share, sources tell the Wall Street Journal . The new price range gives the... More »

Facebook IPO Set for May 18

Insiders say roadshow to start Monday

(Newser) - Facebook plans to begin a roadshow to pitch its stock to investors on Monday, clearing the way for an initial public offering on May 18, sources tell the Wall Street Journal . Mark Zuckerberg plans to appear at some meetings but other top Facebook execs will be handling most of the... More »

Facebook Launching IPO Today

Filing 'an American milestone'

(Newser) - The company Mark Zuckerberg founded in his dorm room eight years ago is expected to file for Silicon Valley's biggest-ever initial public offering today. The Facebook IPO will aim to raise $5 billion, and will value the company at between $75 billion and $100 billion, insiders tell Reuters . The... More »

Facebook Going Public in May: Report

If sources are right, documents will be filed in matter of weeks

(Newser) - Facebook plans to hold its long-rumored, long-wished-for IPO the third week of May, sources tell Kara Swisher of All Things Digital . That would mean documents would have to be filed in a matter of weeks, since the SEC generally takes three to four months to evaluate them. Swisher is pretty... More »

Facebook IPO Could Top $10B

Firm to value itself at over $100B in deal next year, sources say

(Newser) - Facebook is readying its long-anticipated initial public offering for the second quarter of next year, and it's aiming for a deal that will value the company at more than $100 billion—more than $125 for each of its 800 million users, insiders tell the Wall Street Journal . The company... More »

Groupon IPO Values Firm at $12.8 Billion

Daily deals king overpriced, analysts say

(Newser) - Groupon has raised $700 million in the biggest initial public offering by a US Internet firm since Google's 2004 IPO. The daily deals leader floated some 5% of the firm for $20 a share, above an initial range of $16 to $18, giving the company a market value of... More »

Groupon Expects $480M From IPO

Had hoped for $750M just months ago

(Newser) - Early this summer, Groupon was aiming to raise $750 million in its initial public offering; now, it expects to raise no less than $480 million but no more than $540 million from the sale of 30 million shares, the AP reports. In a tough market for stock offerings, the firm... More »

Groupon to Start IPO Roadshow

Despite questions about its accounting, valuation, and leadership

(Newser) - Groupon is going ahead with its IPO plans , and will launch its official roadshow to drum up interest next week, sources tell Reuters . The move comes despite recent turmoil in the stock market and questions about Groupon’s own accounting practices. The IPO is expected to value the company at... More »

Carlyle Group Files for IPO

Huge private equity company to open its books

(Newser) - The Carlyle Group is going public. The mammoth private equity company has filed paperwork with the SEC for what’s planned as a $100 million initial public offering, the Washington Post reports. The move will open its books to public scrutiny, shining a light on the array of 270 disparate... More »

FarmVille Maker Zynga Planning IPO

Zynga poised to go public

(Newser) - Social gaming juggernaut Zynga is poised to turn all those virtual cows and chickens into billions of real dollars through an initial public offering, sources tell All Things Digital. The company—which says its has around 250 million people a month playing Facebook games like FarmVille, CityVille, and Mafia Wars—... More »

LinkedIn Shares Skyrocket in IPO

Market hungry for social networking companies

(Newser) - LinkedIn had its IPO today, and there was an investor feeding frenzy before the bell had even rung. The shares wound up opening at $83, an 84% premium on their $45 offering price, the Wall Street Journal reports. They're currently trading at around $105—having peaked this morning at... More »

Treasury Headed for Underwhelming AIG Sale

Given current market, they'll make $9 billion in small sale

(Newser) - The Treasury has decided to go through with a plan to sell 300 million AIG shares, despite recent blows to the nationalized insurer’s market price, sources tell the Wall Street Journal . Given the sagging demand, the government expects to make around $9 billion in the small offering, which is... More »

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... More »

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