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America Online Latin America

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BUSINESS
August 9, 2000 | Times Staff
Even after sharply reducing the price, America Online Latin America couldn't generate much excitement for its initial public stock offering on Tuesday. The company priced 25 million shares at $8 each late Monday, far below the $17 the company once hoped to get. On its first day of trading the stock (AOLA) rose as high as $9.25 but closed at $8.44, up 44 cents. AOL Latin America is a joint venture of America Online (AOL) and Venezuela's Cisneros Group.
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BUSINESS
August 9, 2000 | Times Staff
Even after sharply reducing the price, America Online Latin America couldn't generate much excitement for its initial public stock offering on Tuesday. The company priced 25 million shares at $8 each late Monday, far below the $17 the company once hoped to get. On its first day of trading the stock (AOLA) rose as high as $9.25 but closed at $8.44, up 44 cents. AOL Latin America is a joint venture of America Online (AOL) and Venezuela's Cisneros Group.
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BUSINESS
August 8, 2000 | Associated Press
The initial public offering of America Online Latin America was priced Monday at $8 a share, on the low end of the expected range, reflecting investors' concerns about the company's growth prospects. The shares were originally slated to come to market last week at a price between $15 and $17. But the IPO was postponed last Tuesday, when price estimates were lowered to $8-$10. The sale of 25 million shares raised $200 million for the company.
BUSINESS
August 8, 2000 | Associated Press
The initial public offering of America Online Latin America was priced Monday at $8 a share, on the low end of the expected range, reflecting investors' concerns about the company's growth prospects. The shares were originally slated to come to market last week at a price between $15 and $17. But the IPO was postponed last Tuesday, when price estimates were lowered to $8-$10. The sale of 25 million shares raised $200 million for the company.
BUSINESS
March 22, 2000 | JAMES F. SMITH, TIMES STAFF WRITER
The world's richest man and Latin America's wealthiest entrepreneur combined their formidable resources Tuesday to launch a Web portal targeting the exploding Latin American market, where the number of Internet users is expected to double within three years. Microsoft Chairman Bill Gates and Mexico's Carlos Slim Helu formally launched T1MSN, the Latin American version of Microsoft's MSN portal in the United States. The T1 portal for Mexico--http://www.t1msn.
BUSINESS
March 23, 2005 | From Bloomberg News
America Online Latin America Inc., the unprofitable Latin American unit of Time Warner Inc., said it might file for bankruptcy protection because it didn't have enough cash to fund its business beyond September and to pay debt. Fort Lauderdale, Fla.-based AOL Latin America said in a filing with the Securities and Exchange Commission that efforts to raise financing had been futile. AOL Latin America said it was seeking to sell all or part of its business to raise cash.
BUSINESS
February 15, 2001 | Reuters
America Online Latin America Inc. posted a fiscal second-quarter loss that beat Wall Street's estimates as membership and revenue increased from the preceding quarter. The Internet company also said it had received an additionalx $150 million in financing, with shareholders Cisneros Group and AOL Time Warner Inc. investing about $130 million in preferred stock and Brazil's Banco Itau investing about $20 million in Class A common stock. The Fort Lauderdale, Fla.
BUSINESS
August 1, 2000 | Bloomberg News
America Online Latin America Inc. may trim the price of its public share sale to persuade investors to buy a stock that combines the volatility of the Internet with the risks of emerging markets. The company, a unit of America Online Inc., had been planning to raise as much as $425 million from investors Monday night. The underwriters now say the sale won't come until today at the earliest.
BUSINESS
November 29, 2002 | Andrew J. Barden, Bloomberg News
Grupo Iusacell and at least six other Latin American companies may be about to lose their listings on U.S. stock markets because of declining share prices. Investor interest in Latin American shares has waned amid currency devaluations, political unrest and a regional economic slump. Losing a listing in the U.S., where the shares trade as American depositary receipts, would shrink a company's pool of shareholders because many U.S.
BUSINESS
March 22, 2000 | JAMES F. SMITH, TIMES STAFF WRITER
The world's richest man and Latin America's wealthiest entrepreneur combined their formidable resources Tuesday to launch a Web portal targeting the exploding Latin American market, where the number of Internet users is expected to double within three years. Microsoft Chairman Bill Gates and Mexico's Carlos Slim Helu formally launched T1MSN, the Latin American version of Microsoft's MSN portal in the United States. The T1 portal for Mexico--http://www.t1msn.
BUSINESS
August 15, 2000 | DEBORA VRANA, TIMES STAFF WRITER
Traditionally a quiet month for initial public offerings, August is shaping up as the busiest month this year and the busiest August since 1983. But investors hoping to make a killing in August's new issues have been mostly disappointed: IPOs aren't popping on their first days as they were earlier this year, even though some companies selling shares this month are doing so at marked-down prices to entice buyers. That could be good news, though, for investors with a longer time horizon.
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