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BUSINESS
January 13, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
Sensormedics Corp., which won a UC Irvine award for creating the best new medical device last year, said Tuesday that it has filed with the Securities and Exchange Commission for permission to become a public company by selling 1.7 million shares in March. The company, which manufactures a ventilator for premature babies, said it wants to raise about $23 million to be used for expanding the company and paying off debt.
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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
September 9, 1997 | Bloomberg News
Charles Schwab Corp. said it will sell stock offerings arranged by investment banks Credit Suisse First Boston, J.P. Morgan & Co. and Hambrecht & Quist, further blurring the lines between full-service and discount brokerage firms. "It goes one step further in giving Schwab the arsenal of products to further compete with the full-service firms," said Goldman, Sachs & Co. analyst Richard Strauss. The move by San Francisco-based Schwab, the largest discount broker in the U.S., with 4.
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
September 28, 2001 | Bloomberg News
Activision Inc., a maker of games for computers and home video game systems, postponed a planned public offering of an additional 6 million common shares because of market volatility resulting from the terrorist attacks on the U.S. Activision had filed with the Securities and Exchange Commission in July to sell 5 million shares. Co-chairmen Robert Kotick and Brian Kelly added a combined 1 million shares of their own in August.
BUSINESS
July 2, 1997
Powerwave Technologies Inc. said Tuesday that its registration statement for a public offering of 3.25 million shares of common stock has been declared effective by the Securities and Exchange Commission. Powerwave will sell 750,000 shares and certain selling shareholders will sell 2.5 million shares. The offering price was set at $22 per share, and Powerwave is expected to receive net proceeds of about $15.2 million.
BUSINESS
May 4, 1991 | DEAN TAKAHASHI
Advanced Logic Research Inc., a maker of personal computers, said Friday that it plans to raise an estimated $23 million by issuing 1.5 million shares of stock in a secondary offering. James T. Richardson, chief financial officer, said the company is raising the money to partially repay $10.5 million in long-term debt, to increase working capital and to expand a manufacturing plant in Singapore.
BUSINESS
August 10, 1995 | CHRIS WOODYARD
Oakley Inc., the maker of premium-priced sports sunglasses, is scheduled to begin selling 10 million shares of stock for the first time today to raise at least $180 million for the owners and the company. Merrill Lynch & Co., the lead underwriter, said Wednesday that it will price the stock at $23 a share for initial buyers. The company's prospectus had projected an initial price range of $18 to $20 a share. The Irvine-based company is selling 3.
BUSINESS
December 18, 1996 | Times Staff and Wire Reports
Microsoft Corp. increased the size of its preferred stock offering to $1 billion from $750 million, signaling high investor demand for the new income-yielding stock. The Redmond, Wash., software giant registered with the Securities and Exchange Commission to sell an additional $137.5 million worth of the preferred shares based on a preferred share price of $79.875. The price was determined by the closing price of the common shares on Nasdaq.
BUSINESS
October 31, 1997 | Dow Jones
Simulation Sciences Inc. is planning to offer another 2.6 million shares of common stock, according to documents filed Wednesday with the Securities and Exchange Commission. The software provider said existing stockholders will sell 100,000 of the shares. Proceeds from the offering will be used for working capital and general purposes. BT Alex. Brown, Wessels, Arnold & Henderson and Soundview Financial Group Inc. are underwriting the offering, which includes an over-allotment of 390,000 shares.
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
April 27, 2012 | By Richard Verrier, Los Angeles Times
AMC Entertainment Inc., the nation's second-largest movie exhibitor, has once again scrapped plans for a stock offering, two people familiar with the matter said. The Kansas City, Mo., theater chain had said in a regulatory filing last spring that it planned to raise as much as $450 million in an initial public offering of stock, using the proceeds to pay down debt. Top shareholders in AMC include JPMorgan Chase & Co., Apollo Investment Fund and Bain Capital Investors. But at the prompting of AMC's owners, the circuit has opted to shelve the IPO out of concern that market conditions aren't ripe for a stock offering, said two sources familiar with the plans who asked not to be identified because they were not authorized to discuss the matter.
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 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
February 2, 2012 | By Matt Stevens, Los Angeles Times
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.
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.
BUSINESS
December 31, 2011 | By Ben Fritz, Los Angeles Times
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.
BUSINESS
August 27, 2011 | By Walter Hamilton, Los Angeles Times
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.
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