July 2, 2011 |
Zynga Inc.'s bid to cash in on Wall Street's voracious appetite for Internet stocks comes with a tantalizing prospect — a highly profitable online game business. The social gaming juggernaut hopes to raise $1 billion in an initial public offering of its stock, according to its filing with the Securities and Exchange Commission on Friday. That would value the creator of FarmVille, CityVille and other popular games on Facebook at about $10 billion. Zynga's filing follows stock offerings from a cluster of Internet companies, including Pandora Media Inc., LinkedIn Corp.
June 3, 2011 |
Pandora Media Inc., which announced plans earlier this year to sell its stock in an initial public offering, said it and its investors were seeking to raise as much as $123 million — an amount that would value the Internet radio pioneer at about $1.4 billion. The proposal, filed Thursday with the Securities and Exchange Commission, calls for the Oakland company to sell a little more than 5 million shares, priced between $7 and $9 a share. Pandora's stakeholders, meanwhile, expect to offer 8.7 million shares.
January 28, 2011 |
In one of the most anticipated stock market debuts of the year, LinkedIn Corp. plans to raise as much as $175 million in an initial public offering. The Mountain View, Calif., company, which runs the largest networking site for professionals, became the first major social networking site to file a prospectus with the Securities and Exchange Commission on Thursday. It is widely believed that LinkedIn could raise about $200 million in the offering. The move could signal an end to the long dry spell for major Internet IPOs.
January 26, 2011 |
Demand Media Inc., the Santa Monica company that is often derided as a content farm, is about to harvest a bumper crop. The company Tuesday priced its initial stock public offering at $17 a share, valuing the company at about $1.5 billion. Demand Media initially expected to sell 7.5 million shares at $14 to $16 a share, but investor interest was strong enough to lift the deal to 8.9 million shares at $17 each. "It's generally positive when deals price above their range," said Ben Holmes, an IPO analyst with Morningnotes.
August 7, 2010 |
Demand Media Inc., an emerging media company whose editors and freelancers create online articles and videos based on the information people are searching for, filed an initial public offering Friday. The document does not indicate how much the 4-year-old Santa Monica company hopes to raise from investors. A spokeswoman and attorneys for the company declined to comment. Demand Media has been among a clutch of online companies — including About.com, Answers.com and Mahalo — seeking to corner the "how-to" market.
CALIFORNIA | LOCAL
April 8, 2010
Airline merger appears revived An agreement between US Airways and United may mean higher ticket prices, experts say. AA2 Mideast peace The U.S. has considered offering its own proposal to break the Israeli-Palestinian logjam. AA2 Sen. Boxer touts jobs Girding for a tough reelection fight, she tells a Valley business group that more gains await the state. AA3 Pauley Pavilion UCLA reduces the amount of student fees to be used in the basketball venue's renovation.