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Initial Public Offering

November 18, 1996 | From Bloomberg Business News
Deutsche Telekom said Sunday that it sold its shares at 28.50 marks each, raising as much as $13.2 billion for the world's third-largest telecommunications company in one of the biggest initial public offerings ever. Telekom sold 623 million shares, or about a 24% stake, toward the upper end of the 25- to 30-mark expected price range to the public and employees. The share price values Telekom at about $49.7 billion and ushers in a new era for the company and for the German equities market.
April 4, 2014 | By Jerry Hirsch
TrueCar .com, the Internet car-shopping company backed by Microsoft Corp. co-founder Paul Allen and insurance giant USAA , plans an initial public stock offering. The Santa Monica company has grown rapidly over the last year by offering a platform for car shoppers to get an “upfront” price from dealers, thereby avoiding most of the haggling that occurs in auto shopping. TrueCar's revenue jumped 68% last year from 2012, to just under $134 million, but the company has never been profitable.
February 18, 2012 | By Tiffany Hsu, Los Angeles Times
Yelp Inc., the popular Internet site for customer-written reviews of restaurants, hotels and other services, expects its shares to hit the market at a price of $12 to $14 each, giving the company a value of as much as $840 million. The company said in a regulatory filing this week that it hopes to raise about $100 million in its initial public offering of more than 7.1 million shares. Its charitable foundation will sell 50,000 shares in the IPO, planned for early March. It plans to sell nearly 12% of the nearly 60 million total shares outstanding.
December 27, 2013 | By Ricardo Lopez
Twitter is said to be flying too high and too fast. That's the opinion of Macquarie Research Equities, which downgraded Twitter stock Friday from "neutral" to "underperform," the firm said in a note. "We continue to believe that Twitter as a company has a bright future and many opportunities ahead," analysts said. "However, as a stock, we believe nothing has changed over the last 15 days to justify the rise in valuation. " Twitter Inc.'s shares have nearly tripled since its initial public offering last month, including big gains in recent days.
September 29, 1992
On Assignment Inc., a Canoga Park provider of temporary workers for laboratories, has completed its initial public offering with the sale of 1.7 million shares at $7 each. The company itself sold 300,000 in last week's offering, receiving $2.1 million in gross proceeds before underwriting costs. The remaining 1.4 million shares were offered by an existing stockholder, Wood River Capital Corp., a small-business investment firm in New York. The stock closed Monday at $7.
October 21, 1997 | Bloomberg News
Headlands Mortgage Co., a specialty banking company that focuses on mortgages for one- to four-family residences, plans to sell 8 million common shares in an initial public offering, raising as much as $62 million after expenses. The mortgage company, based in Larkspur, filed with the Securities and Exchange Commission for the first-time stock sale, saying new investors would own 24.3% of the 18.5 million shares outstanding after the offering. Headlands plans to sell 4.
February 12, 1987
The athletic shoe company, which had been expected for months to make the offering, said in filings with the SEC that it expects 2.68 million common shares to go on the public market in mid-March at an initial price of between $11 and $14 a share. Merrill Lynch Capital Markets and Montgomery Securities are the lead underwriters. The Portland, Ore., company makes Avia aerobics, tennis and other athletic shoes and Donner Mountain hiking boots.
November 6, 2013 | By Walter Hamilton and Andrew Tangel
If the initial public offering of Twitter Inc. had to be summed up in one of the company's famously pithy tweets, this would be it: The timing couldn't be better. Twitter is expected to make its public debut Thursday in one of the hottest IPO markets in years. And Wall Street is paying close attention. The New York Stock Exchange wants a smooth opening to assert its dominance against rival Nasdaq, which was panned for last year's glitchy IPO for Facebook Inc. Investors want a surge in the stock that could strengthen the tech sector's rise this year.
October 15, 2013 | By Andrew Tangel and Jessica Guynn
NEW YORK -- Twitter Inc. has found a home on Wall Street: the New York Stock Exchange. The micro-blogging juggernaut's choice to list its soon-to-be-public stock on the Big Board is a blow to the Nasdaq Stock Market, which fumbled the debut of Facebook, last year's hot tech IPO. Twitter disclosed its pick in a securities filing late Tuesday. Twitter is seeking to raise $1 billion in the offering, on track to take place next month. Although investors may care little where the company lists its stock, Twitter's choice nonetheless carries high stakes for the country's two largest exchanges.
September 19, 2013 | By Daniel Miller
Call it the summer of the showbiz IPO shakeout. Over the last several months, a handful of entertainment business companies either took key steps toward or away from initial public stock offerings. Among those companies are MGM Holdings Inc., SFX Entertainment Inc. and AMC Entertainment Inc. PHOTOS: Hollywood backlot moments The moves have come during a relatively robust period for going public, capped by Twitter's Sept. 12 announcement  that it had filed for an initial public offering.
June 15, 2013 | By Tiffany Hsu
The Cheesecake Factory is at once an ostentatious den of dining and decorative excess as well as a homespun throwback to family tradition. Witness the florid murals and French-inspired checked floors, the dozens of cheesecakes in sumptuous flavors such as white chocolate caramel macadamia and the calorie-laden dishes that regularly land the chain on extreme eating lists. But behind the extravagant menu and interior design, there's a classically American story involving an entrepreneurial housewife and a cheesecake tweaked from a newspaper recipe.
November 28, 2012 | By Tiffany Hsu, Los Angeles Times
Bay Area solar energy company SolarCity Corp. is looking to raise as much as $151 million in its highly anticipated initial public stock offering. The San Mateo business - which helps residential, commercial and government clients such as Wal-Mart Stores Inc., EBay and the U.S. military set up solar power-generating systems - said it expects its shares to sell for $13 to $15 each. The company plans to sell 10 million shares, while shareholders will offer 65,012 shares, SolarCity said in an amended filing with the Securities and Exchange Commission.
May 22, 2012 | By Andrew Tangel
Facebook shares were taking another beating in early trading on Wall Street, falling more than 6% shortly after the opening bell. Facebook's stock was trading under $32 a share, $6 below its IPO price and where it settled on its first day of trading Friday. Facebook shares slid 11% on Monday. The social networking company's disappointing performance in its stock market debut is likely to continue to raise questions about the underwriting process for its highly hyped initial public offering.
May 22, 2012
Re "IPO falls short of the hype," May 19 As Facebook has so glaringly and extravagantly demonstrated, the IPO, or initial public offering, is no such thing. We might just as well call it an initial privileged offering, an IEO (initial elite offering) or an ICO (initial corporate offering). But we of the "public" had nothing resembling a chance. As the women of old who had to put up a hefty dowry to snag a wealthy spouse, Facebook could declare an initial dowry offering, or an "I DO!
May 18, 2012 | By Michael Hiltzik
Maybe the dumb money wasn't so dumb this time. The stock market did turn out to be a voting machine on Facebook on Friday (to quote Warren Buffett and Benjamin Graham), and the vote was thumbs-down on flapdoodle. Market pros will be debating the lessons to be drawn from the disastrous first-day trading in Facebook's initial public offering. But one lesson is that when given enough information, investors can find their way through fogbanks of hype. When a stock offering is as closely followed as Facebook's, it's much more likely that the shares will be fully valued than that they'll harbor hidden treasure.
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