Zynga's shares are now trading under $8.80, which means CEO Mark Pincus' share of the company is now worth less than $1 billion.
Pincus owns around 111 million shares of the company. When it went public, Pincus' share was worth $1.06 billion. It's now worth $979 million.
The next largest investor is Bing Gordon, who along with Kleiner Perkins Caufield & Byers owns 65 million shares.
Newly minted billionaire Nicholas Woodman has generously shared GoPro's success with his whole family. With GoPro's big IPO on Thursday, they all became millionaires. Although he worked hard for his success, it's not a rags-to-riches story. He grew up in Silicon Valley and his father was an investment banker who invested and helped him raise funds for GoPro along the way.
Enterprise startup Zendesk is moving full-speed ahead toward its IPO, even though investors have cooled towards cloud companies in recent weeks. Zendesk has not set a date for its first day of trading on the public markets, but it just priced its shares, according to documents filed with the SEC . It plans to sell over 11 million shares at $8 to $10 a share.
Cloud marketing software company HubSpot has increased its IPO price range to $22 to $24 on Monday, which would allow it to raise roughly $120 million in its offering, according to The Wall Street Journal.HubSpot had initially set its price range between $19 and $21 a share. The raised price would give it a market cap of nearly $700 million.
Alibaba is set to raise $21 billion in its IPO, with shares expected to be priced between $60 and $66, according to a filing with the SEC. The company's updated filing shows that it plans to offer up to 320 million shares, and at these prices, the company would be about $160 billion at the midpoint of this range. At this valuation, the company would be one of the largest IPOs in U.S.
It's currently down ~5% to $40.23 per share.Subtract the $10.5 billion in cash that Yahoo will have after receiving the proceeds of its Alibaba stock sale and paying taxes on its gain (Yahoo won't have to pay these cash taxes for a while, so it will retain the cash for now). Subtract the value of Yahoo's 35% stake in Yahoo Japan. It's worth about $5 billion after taxes.
The recent big tech IPOs of companies likeFacebook,TwitterandTeslacould all be dwarfed soon by a company with roots far outside Silicon Valley. Chinese e-commerce giant Alibaba Group justfiled documentsfor its own offering (choosing to trade its stock in the US over Hong Kong) and while its value has not been determined, it could result in the biggest IPO ever when it's all said and done.
Activist shareholder and invstor Carl Icahn is back at work poking at Apple, this time in a letter to Tim Cook published on the Shareholders' Square Table website. The short version? "Dear Tim, Remember all of those shares of Apple stock I bought? Speed up your stock repurchase plan by buying them back from me.
Alibaba just priced its IPO at $68 per share. At this price, Alibaba is raising just less than $21.8 billion, making it the largest IPO in US stock market history. This sets the company's value at $167.8 billion. The company was expected to price its IPO between $66-$68 per share , an increase from the originally announced $60-$66 range.
The Chinese internet giant Alibaba finally went public Friday, raising $21.8 billion in what was the largest tech IPO of all time.Following his company’s historic IPO, Alibaba CEO Jack Ma went on air with the crew at CNBC’s “Squawk on the Street.”Ma clearly looked excited about the milestone, but what really stood out during the interview was his use of the word “trust.
You've probably heard all the important stats already.largest It's going to have the largest initial public offering (or "IPO") in US history. Shares will be priced today after the markets close atexpected to be betweenAlibaba is going public on Friday. 4:00 PM and are But you still might be confused about how IPOs actually work.
Say on Pay is when shareholders get to approve a company's compensation plans; the results of the vote are nonbinding.All of a sudden, Marc Benioff has been cashing out of hundreds of thousands of Salesforce.com shares. Since June 9, he's sold over 420,000 shares for nearly $24 million, according to insider trading forms filed with the SEC.
The biggest IPO in U.S. history is taking place Thursday, as Chinese e-commerce giant Alibaba goes public on the New York Stock Exchange. And there's one American company that will experience a windfall from Alibaba's stock, not just today, but in the months and years to come: Yahoo. Yahoo's continued windfall would have been smaller if not for one woman at the company.
On Wednesday night, the company initially priced its shares at $24.GoPro makes video cameras that can clip on just about anything and record HD video. They're really popular among athletes and and video journalists.filed for its IPO in May GoPro filed for its IPO in May . The company is profitable. It made $61 million in 2013. It's revenue is growing too.
In July, Bill Gates may or may not have lost his title as the world's richest man. It depends on who you ask. According to Forbes , Gates has a net worth of almost $82 billion, which puts him in the No. 2 spot behind Mexican telecom magnate Carlos Slim, who's worth $85.4 billion. According to Bloomberg, Gates is still the world's richest man, worth about $86.5 billion, with Slim at No. 2.
Headlines from Reuters at 10:00 am ET, said that broker TD Ameritrade said customer orders for Alibaba exceeded customer orders for Twitter's IPO by 2.5 times.TD Ameritrade also said that as of 6:45 am Friday morning, half of the company's order book was for Alibaba shares.On CNBC, Scott Cutler of the NYSE said that they are seeing, "hundreds of thousands of orders" for Alibaba shares.
Activist investors buy lots of stock in public companies they believe are being run incorrectly.Usually, there is one specific thing the activist investor would like their public company targets to do, e.g. spin-out a division, merge with a rival, or commit to cost cuts.When giant Chinese Internet company Alibaba held its IPO two weeks ago, Yahoo netted approximately $10 billion before taxes.
The Amazon.com of China (though it’s much bigger than Amazon), Alibaba will finally begin trading shares on the New York Stock Exchange on Friday, which is expected to be the largest IPO ever for a tech company. The company is expected to price the IPO at $66, but that figure may jump once trading starts.
GT Advanced Technologies COO Daniel Squiller sold nearly $2 million in company stock before the firm filed Chapter 11 bankruptcy last week,GTAT supplies Apple's sapphire display, which is expected to be used on the Apple Watch.sold a large amount of stock before Apple announced it would not be using sapphire on the iPhone 6 (except on the camera).