November 4, 2013 |
SAN FRANCISCO -- Twitter has raised the price range for its hotly anticipated initial public offering to between $23 and $25 ahead of its initial public offering on Thursday. The move shows demand for the shares are high from institutional investors. The price boost means Twitter could at the high end of the range and be valued at $13.6 billion. Twitter plans to sell 70 million shares. The company initially said it would sell the shares at $17 to $20 apiece, a range that was below analyst expectations.
November 4, 2013 |
SAN FRANCISCO - Twitter Inc., signaling demand for its shares are high among institutional investors, has raised the price range for its initial public offering to $23 to $25 ahead of what is expected to be stock's first day of trading Thursday. The boost means the stock could be priced at the high end of the range and value the company at $13.6 billion. Twitter plans to sell 70 million shares. The company initially said it would sell the shares at $17 to $20 apiece, a range that was below analyst expectations.
October 31, 2013 |
When a company like Land Rover says it's planning the most exclusive vehicle in the company's history, count on it coming with a heavy price tag. Count on a captive audience in Los Angeles too. With a nod to the Range Rover's status as the unofficial family wagon for the wealthy pockets of L.A., the British automaker will be introducing a pair of high-zoot Range Rover models at the L.A. Auto Show in November. PHOTOS: Range Rover long-wheelbase and Autobiography Black The first, and more pedestrian of the two is a long-wheelbase version of the Range Rover.
October 30, 2013 |
When: 7:30. Where: Staples Center. On the air: TV: TNT; Radio: 980, 1330. Records: Clippers 0-1; Warriors 0-0. Record vs. Warriors (2012-13): 1-3. Update: Golden State has two of the best three-point shooters in the game in Stephen Curry and Klay Thompson. The Warriors added all-around talent Andre Iguodala in the off-season. Warriors sixth man Harrison Barnes won't play because of inflammation in his left foot.
October 24, 2013 |
SAN FRANCISCO -- Twitter priced its hotly anticipated initial public offering at $17 a share to $20 a share on Thursday in a deal that could value the company at up to $11 billion. Twitter said it would sell 70 million shares. If those are sold, the underwriters can buy another 10.5 million shares. In all, the San Francisco company could raise as much as $1.6 billion. The price range is lower than Twitter's most recent prices on the secondary market. Shares there were trading at between $26 and $28. Twitter issued shares for restricted stock units in August for $20.62.
October 18, 2013 |
When will Kobe Bryant get back on the court? While there's still no time frame, the Lakers All-Star continues to ramp up his activity as he works his way back from an Achilles' tendon injury. Before Friday's exhibition game in Shanghai against the Golden State Warriors, Kobe Bryant got in some on-court sprints. Big cheers from the crowd for the sprinting Mamba: https://t.co/RLzDAxJCHq - Los Angeles Lakers (@Lakers) October 18, 2013 Bryant was injured on April 12 in a win over the Warriors. He had surgery the following morning.