Advertisement
 
YOU ARE HERE: LAT HomeCollectionsInitial Stock Offerings
IN THE NEWS

Initial Stock Offerings

BUSINESS
June 5, 1999 | Bloomberg News
Red Hat Software Inc., which sells a Linux operating system that competes with Microsoft Corp.'s Windows software, filed to raise as much as $96.6 million through an initial stock sale. The Durham, N.C.-based company will use proceeds from the stock sale for general corporate purposes, including working capital and geographic expansion, according to its filing with the Securities and Exchange Commission.
Advertisement
BUSINESS
February 1, 2012 | Nathaniel Popper and Jessica Guynn, Los Angeles Times
Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set a preliminary goal of raising $5 billion. Facebook is expected to be valued at $75 billion to $100 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand.
BUSINESS
May 3, 1991
Homedco Group Inc. in Fountain Valley, a provider of home respiratory care with operations in 35 states, raised about $47.9 million Thursday in an initial public stock offering. The company's underwriting group sold 4.2 million shares of stock--3.2 million offered by Homedco and another million by private shareholders--at $15 per share, and the stock closed at $17.50 on the over-the-counter market. Homedco will use the money to repay loans and to buy back stock.
BUSINESS
October 31, 1985
Increasing competition among home-improvement retailers spoiled HomeClub Inc.'s debut this week as a public company, as the Fullerton-based chain raised about $13 million less than it originally expected from its initial public stock offering. The offering, which saw 2 million shares sell for $9 each, raised about $18 million for the rapidly growing 2-year-old company. However, company executives had earlier expected to sell 2.25 million shares at $14 to $16 each.
BUSINESS
November 26, 1996
Panavision Inc., the Woodland Hills maker of motion picture camera systems, raised $59.5 million in its initial public offering. The company sold 3.5 million shares of common stock for $17 apiece, within its expected price range of $16 to $18 a share. In its first day of trading on the New York Stock Exchange on Thursday, Panavision's stock closed at $20 a share. Panavision plans to use the proceeds from the stock sale to repay debt, for working capital and general corporate purposes.
BUSINESS
February 10, 1998 | BARBARA MURPHY
California Oaks State Bank, which is in the organizational stage, completed its initial stock offering by raising almost $5.7 million in less than five months. The money will be used to capitalize the Thousand Oaks bank. The grand opening of the bank, at 50 W. Hillcrest Drive, is scheduled for Feb. 18. Anthony D. Kourounis is president and chief executive officer.
BUSINESS
December 4, 1993 | MARTHA GROVES, TIMES STAFF WRITER
The new Pactel Corp. made an impressive debut as a public company Friday as investors eager for a pure play in the fast-growing cellular phone business bid up the share price more than 10% to $25.50 in heavy trading. Late the day before, underwriters of the new issue--a spinoff of Pacific Telesis Group encompassing its cellular phone and paging operations--had priced the offering at $23 a share and placed 60 million shares, or about 12% of the company, with investors. On Friday, 25.
Los Angeles Times Articles
|