October 3, 2013 |
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.
January 22, 2013 |
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.
November 28, 2012 |
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.
October 10, 2012 |
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.
June 26, 2012 |
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%...
May 29, 2012 |
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.