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January 24, 1998 | From Bloomberg News
Renaissance Capital Corp. is expected to launch as early as next week one of the first mutual funds that will focus almost exclusively on initial public offerings. The IPO Plus Aftermarket Fund will offer buyers a way to invest in companies as they go public, an area from which small investors traditionally have been excluded. Greenwich, Conn.
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BUSINESS
January 24, 1998 | From Bloomberg News
Renaissance Capital Corp. is expected to launch as early as next week one of the first mutual funds that will focus almost exclusively on initial public offerings. The IPO Plus Aftermarket Fund will offer buyers a way to invest in companies as they go public, an area from which small investors traditionally have been excluded. Greenwich, Conn.
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BUSINESS
October 30, 1996 | Times Staff and Wire Reports
Ingram Micro Inc., the world's largest computer distributor, is planning to proceed with its initial public offering of 20 million shares of common stock on Thursday, lead underwriter Morgan Stanley & Co. said Tuesday. The $320-million offering, which was filed with the Securities and Exchange Commission in July, shouldn't be affected by concern that PC sales have turned sluggish, said William Smith, president of Renaissance Capital Corp. of Greenwich, Conn.
BUSINESS
May 1, 1999 | Bloomberg News
Corinthian Colleges Inc.'s stock surged Friday after the Santa Ana operator of for-profit career colleges said it had better-than-expected third-quarter earnings and its enrollment increased. The stock rose 28%, or $3.63 a share, to $16.38 in trading of 514,200 shares, more than four times the three-month daily average. Earlier in the session, the shares touched $19.75. Corinthian Colleges raised $48.6 million in February with an initial public offering at $18 a share.
BUSINESS
May 4, 1999 | Times Wire Services
Goldman, Sachs & Co. became the last of the major Wall Street investment firms to go public, as its long-delayed initial public stock offering raised $3.66 billion Monday--making it the second-largest IPO in U.S. history. The company sold 69 million shares at $53 each, near the upper end of the expected range of $45 to $55. Requests for shares totaled more than 10 times the amount Goldman offered.
NEWS
May 26, 1999 | Bloomberg News
How bad is it getting for Internet stocks? Shares of at least seven Net companies have fallen beneath their initial offering prices, as investors turn more choosy amid a slew of new stock sales. Many of the stocks that have fallen are lesser-known companies targeting niche markets, including Alloy Online Inc., which runs Web sites for children and MapQuest.com Inc., which provides street maps online. Web-related initial stock sales have come to outstrip demand among investors, analysts said.
BUSINESS
June 20, 1998 | From Bloomberg News
Restoration Hardware Inc., an upscale home-furnishing retailer, made a splash in its first day of trading Friday. The Corte Madera, Calif.-based company sold 3.33 million shares, a 21% stake, in its initial public offering priced at $19, the high end of the expected range of $18 to $19. The shares climbed $7.25 to end the day at $26.25 in Nasdaq trading. Restoration Hardware's substantial trading gain sets it apart from many recent initial public offerings, which have suffered in a rough market.
BUSINESS
June 16, 2006 | From Times Wire Services
Four initial public stock offerings got a mixed reception from investors Thursday, despite the tailwind of the day's big market rally. The performance of the shares suggested that investors remained leery of taking a chance on higher-risk securities after Wall Street's steep fall in recent weeks, analysts said. The initial public offerings of Golfsmith International Holdings Inc., Volcano Corp. and Synchronoss Technologies Inc. got off to a bad start Wednesday, when the deals were priced.
BUSINESS
September 27, 1997 | RAJIV CHANDRASEKARAN, WASHINGTON POST
Shares of Network Solutions Inc., the Herndon, Va., firm that has exclusive rights to assign most Internet addresses, were offered to the public for the first time Friday and surged almost 30% from the $18 opening price by day's end. The quick rise, analysts said, was due to investors' confidence that the company will be able to thrive even if other firms are allowed to register addresses when Network Solutions' exclusive agreement with the National Science Foundation expires next year.
BUSINESS
September 12, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Oakley Inc., the high-end sunglasses manufacturer, on Wednesday declared a 2-for-1 stock split effective Oct. 10, a move that analysts said was designed to keep the high-flying stock attractive to individual investors. While Oakley's stock fell $2.50 to $46.50 in New York Stock Exchange trading, industry analysts suggested that the split won't have a long-term negative impact on Oakley's stock price. Linda Killean, who tracks new stock issues for Renaissance Capital Corp. in Greenwich, Conn.
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