IPO

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Most Profitable Company in World Isn't What You Think

Saudi oil giant cleared $111 billion in 2018

(Newser) - Saudi Arabia has let the world see the financials for its national oil company for the first time, and they couldn't be much better. Saudi Aramco posted $111 billion in net income in 2018, making it the world's most profitable company by far. That $111 billion is more... More »

As Lyft Goes Public, Founders Get Very Rich

$510M for John Zimmer and $700M for Logan Green, reports 'Forbes'

(Newser) - Think ride-hailing is the future of transportation? It's now possible to put some money behind your faith. Lyft began trading publicly on the Nasdaq exchange Friday, and investors seemed receptive. Shares opened at $87.24, roughly 21% higher than the $72 the company settled on for its IPO, reports... More »

Lyft's IPO Stats: Fast Growth, Big Losses

Company will be going public in March or April

(Newser) - Lyft got the ball rolling Friday on what the Wall Street Journal expects will be one of the busiest seasons for tech IPOs in years. Lyft won't actually go public until late March or early April, but it released its IPO documentation to give the public a glimpse into... More »

Report: Ride-Hailing Firm Plans a Huge Change

Uber could issue IPO in early 2019

(Newser) - Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public, the AP reports. That's according to a report late Friday in the Wall Street Journal . Citing people familiar with the matter whom it did not identify, the Journal says San Francisco-based Uber Technologies Inc. filed... More »

Who Got Filthy Rich From Snap IPO: a High School, Millennials

Company's 26-year-old CEO is now looking at a $6B fortune

(Newser) - A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind Snapchat. The board of Saint Francis High School in Mountain View agreed to invest $15,000 in seed money in Snap in 2012, when the company was just... More »

It's a Good Day to Be a Snap Co-Founder

Snap shares jumps 48% in IPO debut

(Newser) - Shares of Snap Inc. opened for trading on the New York Stock Exchange on Thursday at $24 per share, up from the IPO price of $17 per share—and kept climbing, per MarketWatch . As of this writing, prices have risen 48% to over $25 per share. Snap co-founders Evan Spiegel,... More »

Snap's Much-Awaited IPO Looms, CEO 'Elusive'

Snap founder Evan Spiegel as secretive as ever right before much-hyped price set

(Newser) - Those who remember the hype when Alibaba priced its initial public offering of stock in 2014 will get to relive that excitement Wednesday when Snap does the same. Reuters reports the owner of the Snapchat messaging app will serve up a number at the end of the trading day, with... More »

Snapchat's Parent Company Sets IPO Price

Snap Inc. values itself at up to $22B

(Newser) - Snap Inc. is listing the company's valuation at up to $22 billion as it prepares for the tech industry's biggest initial public offering in years , reports the AP . Snapchat's parent company said in a regulatory filing Thursday that the IPO is likely to be priced between $14... More »

Snapchat Is Going Public, Seeking Up to $3 Billion

It could be the biggest tech IPO in years

(Newser) - The company behind Snapchat, a teen-oriented social network famous for its quickly disappearing messages, has filed for what could be one of the largest tech IPOs in years, the AP reports. Snap Inc. said Thursday that it's seeking up to $3 billion in an initial public offering, a figure... More »

Secret Snapchat Filing Suggests Major IPO on Its Way

Initial public offering could be valued at between $20B and $25B—maybe more

(Newser) - Two years ago, Alibaba stunned the tech world, and the stock market in general, with the biggest initial public offering ever valued at $168 billion . Now Snapchat—technically Snap Inc. , as of September—looks to want in on the mega-IPO game: Sources tell Reuters the company has confidentially filed for... More »

Tech CEO Dorsey Makes $277M on His Birthday

Square was trading stronger than expected in its IPO

(Newser) - It's a pretty good birthday for Jack Dorsey, who doubles as CEO of both Twitter and Square. The latter company—which deals in mobile payments—began trading publicly for the first time Thursday, and shares were trading nearly $4 above the $9 IPO price. Dorsey, who turned 39 Thursday,... More »

Billionaire Was Happiest When He Made $12 a Month

Richest man in China wishes company never went public

(Newser) - Chinese billionaire Jack Ma told guests at a New York luncheon yesterday that he was happier when he made $12 a month—no, really. Ma's e-commerce company, the Alibaba Group, went public in September for a whopping $25 billion, the highest initial public offering in history. The founder and... More »

Has Etsy Lost Its Indie Appeal?

Critics accuse sellers of mass-producing goods, diluting craft site's authenticity

(Newser) - When customers order an heirloom pet teepee , Charles Manson necklace , or vinyl Gorillaz wall clock from Etsy, they expect it to be lovingly handmade or authentically vintage, perhaps even customized and made from ecologically sound materials. But critics of the site are claiming that sellers are increasingly taking to mass... More »

Next for Bigfoot Hunter: IPO

Profits could be elusive or nonexistent, analysts warn

(Newser) - If you trust the business sense of a guy who thought a rubber gorilla suit was a Bigfoot carcass, the Wall Street Journal may have uncovered an exciting investment opportunity for you. Tom Biscardi, the self-proclaimed "leading expert" on Bigfoot, has founded a firm called Bigfoot Project Investments and... More »

Etsy Readies IPO, Aims for $300M

Crafts site could go public this quarter: Bloomberg

(Newser) - A company launched because there was nowhere else to sell wooden computers is now preparing an initial public offering. Etsy's IPO could take place this quarter, insiders tell Bloomberg , and the craft-selling website is looking to raise $300 million in the effort. It could be the largest New York... More »

Investors Love Alibaba: It Passes Facebook's Market Value

It opens 35% higher than IPO price

(Newser) - Alibaba's long-awaited debut on the New York Stock Exchange hasn't disappointed. The Chinese e-commerce behemoth opened at $92.70 per share, about 35% above its IPO price of $68, reports USA Today . The frenzied demand pushed the company's market value to $228.5 billion, ahead of even... More »

Biggest IPO Ever: Chinese Dynamo Alibaba Sets Price

At $68 per share, e-commerce giant will raise at least $22B

(Newser) - Alibaba, the Chinese e-commerce powerhouse , is ready to strike it rich on the New York Stock Exchange. The company priced its initial public offering of stock at $68 per share today, the top end of the expected range, setting the stage for what is expected to be the biggest ever... More »

China E-Commerce Giant Alibaba Files for IPO

Could end up raising more money than Facebook's

(Newser) - China's Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. Today's filing sets the stage for the technology industry's biggest initial public offering since Twitter and its early investors collected $1.8 billion in its stock... More »

Twitter Closes at $44.90, Up 73%

That puts the value of the company at $31B

(Newser) - Twitter, aka TWTR, wrapped up a strong debut on the New York Stock Exchange today by closing at $44.90 per share, up 73% from the IPO price of $26, reports the Wall Street Journal . The stock opened strong at $45.10 and pretty much stayed that way through the... More »

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 »

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