August 18, 2010 |
General Motors Co. filed to become a publicly traded company again, the first step in its plan to sell stock that would pay back billions of dollars of taxpayer support that allowed the automaker to rebuild itself after years of devastating losses. In a regulatory filing Wednesday, GM highlighted its profitable resurgence from the depths of bankruptcy as it pitched what's expected to be one of the biggest stock offerings ever. Wall Street has anxiously awaited for the filing to learn how the giant deal will play out. The initial public offering comes at a time when GM's financial fortunes are on the rise.
April 30, 1991 |
Trying to find a pattern in last year's initial stock offering winners and losers is pretty much an exercise in futility--at least, among California offerings. * There were big high-tech successes on the California new stock roster, such as systems-software company Xilinx, whose stock was offered at $10 a share last June and now is around $23. * There also were some high-tech duds, including VeriFone, the leading maker of electronic systems that retailers use for credit card authorizations.
December 23, 2004 |
Google Inc.'s stock debut may have grabbed the headlines in 2004, but the revival of the market for initial public offerings was no one-hit wonder. In fact, the IPOs of 15 companies -- three of them based in Southern California -- have racked up even bigger post-offering gains than the 119% jump in the price of Google's shares since their debut in August.
June 25, 1999 |
Nick Matzorkis already knows the Internet can be a risky business. His last encounter with the network ran amok when all but one of his Web page designers, who favored close-cropped hair and black Nike shoes, took their own lives as part of the ritual suicide of the Heaven's Gate cult two years ago.
August 17, 2004 |
Google Inc. became an Internet phenom by helping people find things. Shame it couldn't have found a better time for an initial public offering. Google shares could begin trading on Nasdaq as early as Wednesday. If they do, they'll be hitting the market in one of the roughest climates for IPOs since the dot-com crash. The Mountain View, Calif.-based search engine company said Monday that it had asked the Securities and Exchange Commission to give final approval to its IPO registration by 1 p.m.
September 22, 1987 |
J.M. Peters Co., a major Southern California residential builder, raised $10.5 million Friday in its initial public offering after sharply reducing the number of shares and their price in response to a deteriorating public market for housing stocks. The Newport Beach-based company sold all 1.75 million common shares offered--12.7% of its stock--at a price of $6 per share. The stock, traded in the over-the-counter market, closed Monday at $6.50 per share.
August 10, 2010 |
Skype, a pioneer in Internet phone service, is planning to go public. The Luxembourg company registered for up to $100 million in American depository shares in a filing with the Securities and Exchange Commission on Monday. Skype said in the filing that it had not yet decided on the number of shares in its initial public offering or the price range. The company is looking to have its shares traded on the Nasdaq Stock Market. Silver Lake Partners, a private-equity firm in Menlo Park, Calif.
September 20, 1995 |
Wang Lingxiang, the chairman of the world's largest cashmere company, isn't worried about the effect of bitter Inner Mongolian weather on his goats or the latest fads on Paris catwalks. In the world of cashmere, he says, he calls the shots. Erdos Cashmere Products Co., based in Dongsheng in China's northeastern Inner Mongolia region, will be selling $50 million worth of shares to foreign investors next month.
October 16, 1990 |
Cherokee Inc., citing the stock market's severe slump, said it scrapped plans to go public with a $40-million-plus stock offering. The decision was not a surprise. Cherokee, a privately owned Sunland apparel maker that specializes in women's sports clothing, had said last month that unless the market enjoyed a quick rebound, the company would probably cancel its offering. Many companies, in fact, have been forced to withdraw or postpone initial public offerings because of the market's slide.
March 23, 1999 |
Ending months of speculation about its future, mortgage lending giant DiTech Funding Corp. of Irvine said Monday that it agreed to be acquired by GMAC Mortgage Corp., a unit of General Motors Corp. Terms were not disclosed. DiTech, one of the Southland's largest mortgage lenders and an aggressive marketer of higher-risk home equity loans, shelved plans for an initial public stock offering last fall that it had hoped would raise about $110 million for a minority stake in the company.