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.
Lending Club, the online marketplace for loans, has raised its IPO price range to $12 to $14 a share from $10 to $12.At the top range of that, Lending Club will raise up to $929 million when it goes public tomorrow, which makes it the largest IPO for a US tech company this year. On a fully diluted basis, Lending Club will be worth more than $6.5 billion.
In early 2014, a few months before taking his company public, Zendesk CEO Mikkel Svane and his two cofounders, Morten Primdahl and Alexander Aghassipour, went out for drinks in San Francisco.It was the first time in a while that the three cofounders had gotten together after work. They founded Zendesk in Svane’s Copenhagen apartment seven years ago, and the three were close friends.
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.
It's been a great year of returns for Yahoo's investments. On Friday, the company nabbed another windfall when its spinout, Hortonworks, became a public company . Yahoo retained a 17%-plus stake (7,572,174 shares), according to forms filed with the SEC . The stock is trading at about $25 on Monday, well above the initial $16 IPO price, and is worth $189 million.
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.
FireEye disappointed investors when it announced earnings and guidance that fell short of expectations. The shares are down a whopping 23% in after-hour trading. FireEye was one of the most beloved stocks at the start of the year.
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.
Many of the most successful new games companies have rushed to sell shares to the public as soon as they possibly could.But Kabam, a mobile games maker, wants to put off an initial public offering for as long as it can.