Advertisement
 
YOU ARE HERE: LAT HomeCollectionsPublic Offerings
IN THE NEWS

Public Offerings

FEATURED ARTICLES
BUSINESS
July 3, 2013 | By Andrew Tangel and Chris O'Brien
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?
ARTICLES BY DATE
BUSINESS
July 5, 2013 | By Chris O'Brien
The Winklevoss twins earlier this week confirmed plans to make the first Bitcoin related public offering. Their plan is for an investment vehicle that will be similar to an "exchange-traded fund" or ETF came with an unusually long list of potential risks. For those in the Bitcoin community who are enthusiastic about the virtual currency's potential to disrupt just about every money-related system in the known universe, the Winklevoss' securities filing represented a watershed moment.
Advertisement
BUSINESS
May 20, 1986 | BILL SING, Times Staff Writer
Morgan, Olmstead, Kennedy & Gardner, a fast-growing Los Angeles stock brokerage, filed Monday for an initial public stock offering, thus joining a growing list of investment firms that have gone public in recent months. The offering, expected to raise between $7.5 million and $8.5 million, will give public shareholders about a 35% stake in the firm.
BUSINESS
July 3, 2013 | By Andrew Tangel and Chris O'Brien
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?
BUSINESS
April 3, 1991 | GREG JOHNSON, TIMES STAFF WRITER
Privately held Isis Pharmaceuticals on Tuesday joined more than a dozen biotechnology companies that have announced or completed initial public offerings since the first of the year. Carlsbad-based Isis plans a 3-million share initial public offering that, if successful, would raise as much as $45 million, company officials said.
BUSINESS
September 23, 1992 | From Bloomberg Business News
Stock prices of initial public offerings improved in the aftermarket during the third quarter, while at the same time the number of IPOs being brought to market declined. The trend marked a reversal from the first six months, when a heated IPO market brought hundreds of new issues to market, many at high prices relative to their subsequent trading.
BUSINESS
October 2, 2000 | DEBORA VRANA, TIMES STAFF WRITER
This year has already set a record for dollars raised in initial public stock offerings. But for the small investors who usually have to wait to buy the stocks after they begin trading, returns on IPOs this year haven't set any records. And that might have some IPO players wondering why they're taking a chance with high-risk new issues. As of last week, the dollars raised nationwide in IPO deals this year reached $71.9 billion, surpassing 1999's full-year record of $68.
BUSINESS
March 13, 1991 | CARLA LAZZARESCHI, TIMES STAFF WRITER
Buoyed by the recent run-up in technology stocks, small private electronics firms are rushing to issue their first stock, leading many analysts to predict that this year will be the strongest since 1987 for new public offerings of high-tech companies. At least three dozen electronics companies, from the Silicon Valley in California to Route 128 in Massachusetts, are likely candidates to issue their first publicly traded stock this year, according to one market watcher's survey.
BUSINESS
March 14, 1997 | DEBORA VRANA, TIMES STAFF WRITER
They say timing is everything. And no one knows that better than a company trying to go public. Guitar Center Inc., the Agoura Hills retailer, successfully priced its first stock offering Thursday despite a stock market drop of 160 points just an hour earlier and in a climate where investors are increasingly cautious about investing in initial public offerings. "The IPO market has cooled from where it was," said John B.
BUSINESS
January 6, 1993 | KATHY KRISTOF, TIMES STAFF WRITER
Smaller companies are issuing stock to the public for the first time at a record clip, with some of these shares rising as much as 50% in price within hours after their offering. But some analysts are concerned that individual investors may be snapping up these shares just as the market may be close to peaking. Surges in new stock issues often signal that the initial public offering market is overheating, said Robert S.
BUSINESS
December 14, 2012 | Tiffany Hsu and Walter Hamilton, Los Angeles Times
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.
BUSINESS
November 28, 2012 | By Tiffany Hsu, Los Angeles Times
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.
BUSINESS
June 26, 2012 | By Andrew Tangel
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%...
BUSINESS
May 29, 2012 | By Jim Puzzanghera, Los Angeles Times
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.
BUSINESS
May 8, 2012 | By Jessica Guynn, Los Angeles Times
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.
BUSINESS
May 4, 2012 | Bloomberg News
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.
BUSINESS
March 1, 1995 | From Associated Press
The Supreme Court on Tuesday limited the scope of a federal law that allows people who believe they were misled before buying stocks to rescind the deal if the sellers cannot prove their innocence. The justices ruled 5 to 4 that such legal rights are available only to people who buy a stock directly from a company during its initial public offering, not to those who buy later on the stock market.
BUSINESS
September 25, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
Plans by several local companies to go public are going nowhere, thanks largely to Saddam Hussein. Cherokee Inc. in Sunland, Black Box Inc. in Simi Valley and California Commuter Shuttle Inc. in Oxnard are among the companies forced to postpone their initial public offerings of stock because the stock market has lapsed into a deep decline since late July. The Dow Jones Industrial Average, for instance, is off 18% since hitting a record high 2,999.75 on July 16.
BUSINESS
April 24, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — The rapid growth of Facebook Inc. showed signs of slowing in the first quarter, potentially cooling investors' fervor just weeks before the company's hotly anticipated initial public stock offering. Facebook generated $1.06 billion in sales, the second quarter in a row sales topped $1 billion. That represented a 45% jump from a year earlier but a 6% decline compared with the fourth quarter. The financial performance, the company's most anemic since at least 2010, fell below analysts' expectations.
BUSINESS
March 8, 2012 | By W.J. Hennigan
Fender Musical Instruments Corp., the iconic company that has been making guitars in California since its inception in 1946, is seeking to raise $200 million in an initial public stock offering. In a filing with the Securities and Exchange Commission on Thursday, Fender said it intends to use the money to help pay down $246.2 million in debt and to acquire other businesses. Although its corporate headquarters are now in Scottsdale, Ariz., the company was founded in Fullerton and makes its American Standard Stratocaster and Telecaster guitars at a 3-acre manufacturing plant in Corona.
Los Angeles Times Articles
|