April 24, 2012 |
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.
March 15, 2012 |
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.
February 2, 2012 |
No one knows Facebook better than Facebook. Only seconds after the company's huge initial public stock offering was announced, Facebook users flooded the social network with comments. "Based on my news feeds, you would think Zuck just took over the world. Oh, Facebook," said Amanda Coolong, producer of a technology news site. "OOO What I could give to be able to get in on this," wrote Alexander Henry Sargent, expressing the oft-repeated hope that shares would be available to the common user.
February 1, 2012 |
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.
December 31, 2011 |
Penetrating the Chinese movie market has long presented any number of challenges to Hollywood studios, from quotas to censorship to cultural sensitivities Add raising money to the list of potential problems. Legendary East, the Chinese film venture established this summer by film finance and production company Legendary Entertainment and its chairman, budding Hollywood mogul Thomas Tull, has canceled plans to raise $220.5 million on the Hong Kong Stock Exchange this year after it was unable to find enough investors.
August 27, 2011 |
The painful drop in the stock market has sucked the air out of initial public offerings. Companies have withdrawn their stock offerings this month at the fastest pace since the dark days of the 2008 global financial crisis, as suddenly gun-shy investors have lost interest in anything seen as even marginally risky. Beyond the negative effect on investors, the drying up of IPOs is one more obstacle in the path of the U.S. economy as companies have trouble raising cash to boost employment or to invest in new products or facilities, experts say. "It reflects a deterioration in business confidence and an unwillingness to expand the operations of companies," said Jane Caron, economist at Dwight Asset Management in Burlington, Vt. "That means less investment spending, less hiring and therefore less income, not only for the companies but for households.