July 3, 2013 |
NEW YORK - In what is believed to be the first Bitcoin-related securities offering, the Winklevoss twins want to give investors a piece of the virtual currency, whose growing popularity has caught the eye of entrepreneurs and regulators alike. But while all public offerings come with a degree of uncertainty, the investment vehicle - akin to an exchange-traded fund - involving Bitcoins brings its own unique risks, analysts say. What could go wrong with the investment proposed by Cameron and Tyler Winklevoss, former Harvard classmates of Facebook co-founder Mark Zuckerberg?
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.