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Initial Public Offerings

BUSINESS
October 10, 2009 | Bloomberg News
Dole Food Co., the world's largest producer of fresh fruit and vegetables, amended its initial public offering to say it might raise about $575 million, up from $500 million. Dole, which sells fresh bananas and pineapples, packaged spinach and canned fruit, plans to sell 35.7 million shares at $13 to $15 a share, according to a regulatory filing Friday. The underwriters have the option to purchase as many as 5.4 million additional shares. The Westlake Village company initially said it planned to raise about $500 million when it announced the stock sale in August.
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BUSINESS
May 20, 2009 | Tom Petruno
This is just what online restaurant-reservations firm OpenTable Inc. wants to see: More hungry customers than it has seats to offer. Apparently strong investor interest in the firm's initial public stock offering spurred its underwriters Tuesday to raise the price range for the deal to $16 to $18 a share, from $12 to $14. The offering is expected to be priced sometime this week.
BUSINESS
April 15, 2009 | Alana Semuels
Taking the first steps to unwind its awkward 2005 marriage, EBay Inc. said Tuesday that it planned to spin off Internet phone service Skype through an initial public offering in 2010. The San Jose company said the divorce would allow it to focus on its core e-commerce business, which has struggled in the last year. It announced plans Monday to sell another acquisition, recommendation search engine StumbleUpon, back to its founders.
BUSINESS
January 6, 2009 | Bloomberg News
The recession brought the U.S. market for initial public stock offerings to a halt in the fourth quarter, closing the worst year for IPOs since 1977, the National Venture Capital Assn. said Monday. No companies backed by venture capitalists went public in the fourth quarter, and only six staged IPOs in all of 2008, the association said. Emerging businesses also had trouble merging with larger companies, with just 37 venture-backed firms selling themselves in the fourth quarter.
BUSINESS
June 20, 2008 | Tom Petruno, Times Staff Writer
Much of the pulp TV programming that RHI Entertainment Inc. churns out is a lampooner's dream. "Killer Wave." "Blood Monkey." "Black Swarm." You get the picture. That didn't stop investors from handing the New York-based production company $189 million in its initial public stock offering on Wednesday. But by the end of the stock's first session of trading, the people who bought in may have been feeling like one of the hapless victims in RHI's horror fare: "What was I thinking opening that door?"
BUSINESS
June 18, 2008 | Tom Petruno, Times Staff Writer
No Emmy for this deal: TV-miniseries kingpin RHI Entertainment Inc. priced its initial public stock offering late Tuesday at $14 a share, below the $16-to-$18 range the company had hoped to get. RHI, based in New York, is the production house of the Halmi family -- legendary producer Robert Halmi Sr. and son Robert Jr. RHI was a public firm in the early 1990s until it was bought out by Hallmark Cards in 1994. The Halmis stayed on board under Hallmark's wing, producing a slew of content for the Hallmark Channel and for other outlets.
BUSINESS
April 8, 2008 | From Times Staff and Wire Reports
Digital Domain, one of Hollywood's top special-effects shops, is ramping up its plans to go public. The Venice-based creator of effects for films including "Titanic," "Pirates of the Caribbean: At World's End" and "Transformers," hopes to sell 6 million shares at $12 to $14 each, according to an updated prospectus filed Monday with the Securities and Exchange Commission. The company was bought in May 2006 for a reported $35 million by an investor group that included director Michael Bay. The plans for an initial public offering were first disclosed in December.
BUSINESS
February 26, 2008 | Walter Hamilton, Times Staff Writer
Credit card goliath Visa Inc. said Monday that it planned to raise as much as $18.8 billion in what would be the largest initial public offering in U.S. history. The timing surprised analysts because the credit crunch and a possible recession could slow consumer spending and eat into the company's profit.
BUSINESS
December 27, 2007 | From Times Wire Services
Shares of MRV Communications Inc., a Chatsworth-based maker of fiber optic equipment, rose the most in more than four years after its Source Photonics unit announced plans to raise as much as $130 million in an initial public offering. MRV advanced 44 cents, or 21%, to $2.50, the biggest gain since July 2003. The shares have fallen 29% this year. Source Photonics makes equipment that helps companies offer services such as streaming video and Internet calling.
BUSINESS
December 20, 2007 | From Times Wire Services
NetSuite Inc., a software maker majority-owned by Oracle Corp. Chief Executive Larry Ellison, raised $161.2 million in an initial public offering after increasing the price of the stock three times. The San Mateo, Calif.-based company, whose programs handle accounting and other tasks over the Internet, sold 6.2 million shares for $26 each. The deal's managers can sell 930,000 more shares if there's enough demand.
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