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Initial Public Offerings

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BUSINESS
October 12, 2002 | Bloomberg News
Seagate Technology Holdings, the largest maker of computer disk drives by revenue, has filed to raise as much as $1 billion in an initial public stock offering. Seagate, which has operations in Scotts Valley, Calif., and its investors will sell an undisclosed number of common shares at a price to be determined later, according to a filing with the Securities and Exchange Commission.
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BUSINESS
October 3, 2013 | By Jessica Guynn
SAN FRANCISCO - As Twitter Inc. opened itself up to public scrutiny for the first time, it did not limit itself to 140 characters - not even to 140 pages. Twitter on Thursday made public 240 pages of documents it filed secretly over the summer, starting the countdown to one of the most hotly anticipated technology stock offerings since Facebook. The financial world was all atwitter as prospective investors pored over the filing that offered the first detailed look under the hood of the privately held company.
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BUSINESS
June 18, 2004 | From Bloomberg News
Lazard, the world's largest investment banking partnership, is considering an initial public stock offering and has held discussions with five investment banks about a share sale, two people familiar with the matter said Thursday. An IPO would value the bank, headed by Bruce Wasserstein, 56, at about $3 billion, the people said. The company, run from New York, London and Paris, met bankers from Goldman Sachs Group Inc., Morgan Stanley, UBS, Citigroup Inc. and Lehman Bros. Holdings Inc.
BUSINESS
January 22, 2013 | By Jim Puzzanghera
WASHINGTON -- Only about three out of ten investment bankers think new federal rules intended to encourage startups have led to more initial public offerings, according to poll results released Tuesday. The findings from BDO, an accounting and consulting company, cast doubt on the effectiveness of the Jumpstart Our Business Startups Act signed into law in April. Known as the JOBS Act, the bipartisan legislation was designed to give small businesses more access to capital by easing rules on stock offerings.
BUSINESS
May 15, 1998
Pointcast Inc., which pioneered the Internet "push" technology that delivers customized news and information, has filed for an initial public stock offering. The Sunnyvale company said it planned to offer 3.8 million shares through underwriters BT Alex. Brown Inc. and BancAmerica Robertson Stephens. The offering price is expected to be between $10 and $12 a share. The company said in a statement that it plans to use proceeds for general corporate purposes and to expand its marketing efforts.
BUSINESS
October 10, 1996
Javelin Systems Inc., which sells point-of-sale computers for the food service industry, said it hopes to raise nearly $6 million, less underwriting fees, through a proposed initial public stock sale. The company said it has filed a registration statement with the Securities and Exchange Commission to sell 850,000 shares of common stock for $5 to $7 per share. All of the shares are to be issued and sold by the company.
BUSINESS
June 22, 2001 | From Bloomberg News
Advanced Thermal Sciences Inc., which makes temperature-control systems for chip makers, withdrew its plan to go public in a market that has cooled toward new issues and semiconductor stocks. The Anaheim unit of B/E Aerospace Inc. had expected to raise up to $44 million when it announced its initial public offering in August under the name Advanced Thermal Technologies Inc.
BUSINESS
September 23, 1992 | From Bloomberg Business News
Stock prices of initial public offerings improved in the aftermarket during the third quarter, while at the same time the number of IPOs being brought to market declined. The trend marked a reversal from the first six months, when a heated IPO market brought hundreds of new issues to market, many at high prices relative to their subsequent trading.
BUSINESS
March 6, 1997
Colorbus Inc., which makes computer network printer servers, is planning to offer stock to the public for the first time. The company said it could raise $46 million before expenses, according to a statement filed with the Securities and Exchange Commission. The filing did not specify the amount or expected price of shares to be offered, however.
BUSINESS
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.
BUSINESS
October 10, 2012 | By Andrew Tangel
Facebook resisted prodding by the U.S. Securities and Exchange Commission to disclose more about the risks from a burgeoning user base accessing the social-networking site from mobile devices, according to a news report. A lengthy article by Bloomberg News highlights letters between Facebook and the SEC's corporation finance division, which oversees what publicly traded companies disclose in regulatory filings before their initial public offerings. The letters, made public by the SEC, "depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering," Bloomberg News reported.
BUSINESS
June 26, 2012 | By Andrew Tangel
NEW YORK -- The market for initial public offerings may feel the effect of Facebook's botched IPO for months, a survey found. Of respondents to the survey by the Tabb Group, a Wall Street consulting and research firm, 46% said the market for IPOs would feel the effect for six months, while 39% believed the market could be slowed for a year or two. Of respondents to the survey by the Tabb Group, a Wall Street consulting and research firm, 46%...
BUSINESS
May 29, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON — There was so much support in Washington two months ago for loosening rules on initial public offerings that Republicans and Democrats effortlessly passed a bill making it easier for smaller companies to raise money on Wall Street. Now Facebook Inc.'s IPO debacle could erode that enthusiasm. As regulators and congressional committees review whether a reduced revenue forecast was improperly released only to certain large Facebook investors, some lawmakers and consumer advocates also are pushing for a thorough review of IPO rules with an eye toward tightening them.
BUSINESS
May 20, 2012 | Michael Hiltzik
So, against all odds, you managed to get your hands on a few shares of Facebook stock via one of the most hyped initial public offerings of all time and managed to survive its messy first day of trading. Congratulations. You're now married to Mark Zuckerberg. The 28-year-old company founder is today one of the most deeply-entrenched chief executives in American business. Thanks to a two-class stock structure, Zuckerberg will own about 28% of Facebook but control 57% of all shareholder votes.
BUSINESS
May 8, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — Dressed in his trademark hoodie and jeans, Facebook Inc. co-founder Mark Zuckerberg kicked off a cross-country roadshow to pitch his company's initial public stock offering. Hundreds of institutional investors stood in long lines Monday to pile into a ballroom at New York's Sheraton Hotel to hear the billion-dollar pitch from the 27-year-old chief executive before his company's hotly anticipated IPO. The meeting was closed to the media. Facebook is trying to build excitement for the IPO that in a few weeks could value the company at more than $96 billion.
BUSINESS
April 24, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — The rapid growth of Facebook Inc. showed signs of slowing in the first quarter, potentially cooling investors' fervor just weeks before the company's hotly anticipated initial public stock offering. Facebook generated $1.06 billion in sales, the second quarter in a row sales topped $1 billion. That represented a 45% jump from a year earlier but a 6% decline compared with the fourth quarter. The financial performance, the company's most anemic since at least 2010, fell below analysts' expectations.
BUSINESS
March 13, 2012 | By Walter Hamilton
First came Dow 13,000. Now comes Nasdaq 3,000. Solid economic news and no unpleasant surprises from the Federal Reserve's policymaking meeting propelled a vibrant stock-market rally that also pushed the Dow Jones industrial average up 218 points. The Nasdaq jumped 56.22 points, or 1.9%, to 3,039.88, its highest close in more than 11 years. The index has surged 16.7% this year amid investor excitement over the technology sector, spurred in part by a string of initial public offerings of social-media companies that is expected to hit its zenith later this year with the debut of Facebook Inc. Of course, the Nasdaq has seen 3,000 before - during the dot-com bubble in which the index eventually topped 5,000 before plummeting in the bust that took hold in early 2000 and stretched for nearly three years.
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