December 14, 2012 |
SolarCity Corp. stock surged 47% in its first day of trading, but analysts are skeptical that the Silicon Valley solar energy provider will be able to boost investor interest in the rest of the green-tech industry. The San Mateo, Calif., company's share price rose $3.79 to $11.79 after debuting Thursday. It raised $92 million by selling 11.5 million shares at $8 each, valuing the company at $584.6 million. But the path to the initial public offering was rocky, complicated by Wall Street concerns about the viability of the clean power industry.
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.
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.
May 8, 2012 |
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.
May 4, 2012 |
Virgin America Inc., the low-fare airline partly owned by U.K. billionaire Richard Branson, may seek an initial public offering of shares next year should market conditions continue to improve. "We'll be prepared by 2013" to do an IPO, Chief Executive David Cush said in an interview. The timing depends on the carrier's ability to generate a consistent profit and "present a compelling case for our long-term business model," and on investors' appetite for IPOs, Cush said. "We're not tied to any date, and we've got investor patience and sufficient liquidity," Cush said.