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ENTERTAINMENT
July 22, 2013 | By Richard Verrier
Carmike Cinemas, Inc., the country's fourth largest theater chain, said it would issue 4.5 million shares of its common stock as part of a plan to expand nationwide. In addition, Carmike expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock. Carmike said it will use the proceeds from the offering for various uses, including funding potential acquisitions at a time when the U.S. exhibition industry is consolidating. PHOTOS: Celebrities by The Times Earlier this year, Regal Entertainment Group, the nation's largest theater circuit, scooped up Hollywood Theaters, a Portland, Ore., chain that operates 43 theaters in 16 states, for $191 million in cash and about $47 million of assumed lease obligations.
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AUTOS
April 4, 2014 | By Jerry Hirsch
TrueCar .com, the Internet car-shopping company backed by Microsoft Corp. co-founder Paul Allen and insurance giant USAA , plans an initial public stock offering. The Santa Monica company has grown rapidly over the last year by offering a platform for car shoppers to get an “upfront” price from dealers, thereby avoiding most of the haggling that occurs in auto shopping. TrueCar's revenue jumped 68% last year from 2012, to just under $134 million, but the company has never been profitable.
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BUSINESS
February 1, 2012 | Nathaniel Popper and Jessica Guynn, Los Angeles Times
Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set a preliminary goal of raising $5 billion. Facebook is expected to be valued at $75 billion to $100 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand.
ENTERTAINMENT
December 18, 2013 | By Richard Verrier
AMC Entertainment shares climbed as high as 8% on the day the nation's second largest theater chain sold its shares on the New York Stock Exchange. AMC sold 18.42 million class A shares for $18 each, raising about $332 million for the Leawood, Kan.-based company in its first public stock offering in nine years. The company went private in 2004 when it was acquired by a private equity group and later merged with Loews Cineplex Entertainment Corp. Investors responded favorably to the IPO on Wednesday.
AUTOS
April 4, 2014 | By Jerry Hirsch
TrueCar .com, the Internet car-shopping company backed by Microsoft Corp. co-founder Paul Allen and insurance giant USAA , plans an initial public stock offering. The Santa Monica company has grown rapidly over the last year by offering a platform for car shoppers to get an “upfront” price from dealers, thereby avoiding most of the haggling that occurs in auto shopping. TrueCar's revenue jumped 68% last year from 2012, to just under $134 million, but the company has never been profitable.
BUSINESS
August 17, 2010 | By Dawn C. Chmielewski, Los Angeles Times
Online video site Hulu, which has emerged as one of the most popular places to watch television shows on the Internet, wants to see whether Wall Street will tune in as much as the public. The company — owned by media giants News Corp., NBC Universal and Walt Disney Co. and private equity firm Providence Equity Partners — is in talks with investment banks about launching an initial public offering as early as this fall. The news was first reported Monday by the New York Times.
BUSINESS
November 21, 2009 | By Martin Zimmerman
Will investors get charged up over a stock offering by California electric-car maker Tesla Motors Inc.? The answer to that question may be coming soon. The company plans to file for an initial public stock offering in the near future, Reuters reported Friday, citing people familiar with the Bay Area firm's plans. A spokeswoman for Tesla declined to comment on the report. An IPO by Tesla would be the first among the crop of electric-car companies that has sprung up in recent years as Americans have sought relief from skyrocketing oil prices.
BUSINESS
August 15, 2009 | Jerry Hirsch
Dole Food Co., the giant produce company owned by Los Angeles billionaire David Murdock, plans a public stock offering. Such a move would provide liquidity for Murdock, 86, and give the Westlake Village, Calif.-based company cash to pay down debt, invest in new products or use for acquisitions. Dole says it is the world's largest producer of fresh fruit and vegetables. Dole said it planned to raise $500 million in the stock sale, but because shares hadn't been priced it couldn't say how many shares would be sold.
BUSINESS
March 15, 2012 | By Alex Pham, Los Angeles Times
Zynga Inc., the maker of online social games FarmVille and Words With Friends, will seek to raise $400 million in a secondary public stock offering and rejigger when employees can sell their shares. The moves are designed to help prevent a sudden drop in the price of the San Francisco company's stock. In December, Zynga took in $1 billion in its initial public offering with an eye toward financing an ambitious strategy to expand its products both internationally and to mobile devices.
BUSINESS
December 5, 1995
Premiere Radio Networks Inc., a Sherman Oaks radio programming syndicator, has filed with the Securities and Exchange Commission for a secondary stock offering of 1.4 million shares. Based on Premiere's closing price of $17.75 a share Friday, sale of the stock would raise nearly $25 million. The company is offering 1.26 million of the shares for sale; the rest is being offered by existing stockholders.
ENTERTAINMENT
November 18, 2013 | By Daniel Miller
Sony Pictures Entertainment, under pressure from activist investor Daniel Loeb, is eyeing at least $100 million in budget cuts and has hired consultancy Bain & Co. to examine the studio's expenditures, according to a source with knowledge of the matter. The cuts are likely to result in layoffs at the studio, which is reeling after several of its high-profile summer releases performed poorly. Sony Pictures, owned by Tokyo-based electronics and media giant Sony Corp., is expected to announce its hiring of Bain & Co. at a Thursday conference for investors, a source said.
BUSINESS
November 13, 2013 | By Walter Hamilton
JPMorgan Chase & Co. probably thought things couldn't get any worse than the $13 bilion it is expected to pay in a legal settlement with the government. Then it stumbled into a public-relations debacle on Twitter. The beleaguered banking giant asked Twitter users to submit questions to one of its top deal-makers for a planned Twitter chat Thursday. Using the hashtag #AskJPM, the company said Jimmy Lee would be responding to queries on "leadership and life. " The phrase quickly began trending on Twitter on Wednesday afternoon.
BUSINESS
October 22, 2013 | By Jessica Guynn
SAN FRANCISCO -- Wall Street is rolling out the red carpet for Twitter. The company has received a $1-billion credit line from some of the banks underwriting its initial public stock offering. Twitter set up the agreement with lenders earlier this month, according to a regulatory filing Tuesday. Facebook secured an $8-billion credit line and Zynga  secured a $1-billion credit line from banks underwriting their IPOs. Banks extend the credit in hopes of establishing a relationship with the company.
BUSINESS
October 16, 2013 | By Stuart Pfeifer
Mark Cuban, the billionaire owner of the NBA's Dallas Mavericks, won a lengthy fight with the Securities and Exchange Commission on Wednesday when a Texas jury cleared him of insider-trading charges. The SEC had accused Cuban of using non-public information about Mamma.com, a Canadian Internet company, to make trades that helped him avoid about $750,000 in losses. Cuban, 55, denied the charges during testimony at the federal courthouse in Dallas. A nine-member jury deliberated about four hours before clearing Cuban.
BUSINESS
September 30, 2013 | By Chris O'Brien and Walter Hamilton
SAN FRANCISCO - In fewer than 140 characters, or 24 words, Twitter Inc. disclosed that it was planning the highest-profile public stock offering since Facebook Inc. But that was about all it did, leaving stunned investors and analysts scrambling for nearly two weeks to find out more. Sometime this week or next, they may finally get the details as the micro-blogging service is widely expected to make public its secret filing. Twitter's "stealth IPO" has thrown the spotlight on a controversial law passed almost two years ago that rewrote the rule book for start-ups seeking to go public.
ENTERTAINMENT
August 30, 2013 | By Richard Verrier
AMC Entertainment, the nation's second largest theater chain, plans to go public -- again. The company, owned by China's Dalian Wanda Group, said in a regulatory filing that it would seek to raise $400 million from an initial public stock offering.  The Leawood, Kan.-based chain, which operates more than 340 theaters, mostly in the U.S., did not disclose how many shares it would issue or at what price. AMC said it may use proceeds from the offering to fund acquisitions and pay down debt.
BUSINESS
June 19, 1986
Gateway Communications Inc., a communications equipment maker based in Irvine, said it plans to make a common stock offering sometime after the second quarter ends June 30. The company said it expects that about half of the offering will be shares now in the hands of existing stockholders. A Gateway spokesman declined to provide further information until the company releases a formal prospectus.
BUSINESS
December 3, 2010 | By Jim Puzzanghera, Los Angeles Times
The Treasury Department said Thursday that it had received an additional $1.8 billion from the General Motors Co. stock offering last month, bringing the total haul to $13.5 billion to help pay down the automaker's taxpayer-funded bailout. The additional money came from about 54 million GM shares owned by the Treasury that the underwriters of GM's initial public offering had the option to purchase within 30 days of the Nov. 23 offering. The sale of those shares three days later added to the $11.7 billion the government received from its initial sale of shares and cut the government's ownership stake nearly in half, to 33.3%, the Treasury said.
ENTERTAINMENT
July 22, 2013 | By Richard Verrier
Carmike Cinemas, Inc., the country's fourth largest theater chain, said it would issue 4.5 million shares of its common stock as part of a plan to expand nationwide. In addition, Carmike expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock. Carmike said it will use the proceeds from the offering for various uses, including funding potential acquisitions at a time when the U.S. exhibition industry is consolidating. PHOTOS: Celebrities by The Times Earlier this year, Regal Entertainment Group, the nation's largest theater circuit, scooped up Hollywood Theaters, a Portland, Ore., chain that operates 43 theaters in 16 states, for $191 million in cash and about $47 million of assumed lease obligations.
BUSINESS
May 30, 2013 | By Andrew Tangel and Shan Li, Los Angeles Times
NEW YORK - Nasdaq OMX Group will pay $10 million for botching Facebook's initial public stock offering last year, a debacle that shook investors' confidence in Wall Street. Nasdaq's penalty would be the biggest ever paid by an exchange, said the Securities and Exchange Commission, which faulted the firm's "poor systems and decision-making" during one of the most-watched IPOs of all time. Nasdaq's systems had a design flaw that failed to properly match orders to buy and sell Facebook shares on their May 18, 2012, public debut, causing havoc in how the stock traded.
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