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.
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.
Box’s long-awaited IPO may finally happen this week. But if you are an investor planning to buy its shares, there’s one thing to understand: it's selling dual-class shares. According to its S1, Box is offering two types of shares in its offering, Class A and Class B.
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.
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.
This week the folks at Barnes & Noble announced that they'd be buying back the shares of Nook they'd sold over the past several years. This began with an October 2012 investment by Microsoft of $300 million dollars to create Nook Media LLC. Two months later, British education and publishing company Pearson purchased a stake in Nook for $89.5 million.
Share buybacks are a common tactic large companies employ to boost their share price. The company buys back shares sold on the market, reducing the total number of shares available, thus boosting each outstanding share's price.A big part of Yahoo's value has been tied up to its ownership in Alibaba shares, the giant Chinese e-commerce site that had the largest IPO in the US last year.
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.
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.
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.
Taking GoPro as a hardware company, Citron compares the company to Beats, which was recently acquired by Apple at 2 times its annual revenue.Assuming that GoPro can grow its revenue to about $2 billion annually by 2017, Citron calculates that the stock would be worth about $33.60.that beat expectations, including quarterly revenue that came in at $280 million, or an annualized pace of about $1.
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).
Box raised its IPO price to $14 a share, making it worth about $1.67 billion, Reuters reported Thursday. That’s slightly more than the initial pricing range of $11 to $13 a share Box had set in its S1 two weeks ago. At $14 a share, Box will be able to raise $175 million from its IPO. Raising the IPO price usually means investor interest is high, so that’s good thing for Box. But the $1.
Mark Cuban doesn't think there are any downsides to being a billionaire. Speaking at Business Insider's Ignition conference , Cuban said that he hates when he hears other billionaires giving interviews and complaining about the hassles of being wealthy or in the spotlight all the time. "I'm like, 'Are you kidding me?' I mean, that is the dumbest s*** ever," he says.
The retirement accounts of millions of Americans have long contained shares of stalwart companies like General Electric, Ford and Coca-Cola. Today, they are likely to include riskier private stocks from Silicon Valley start-ups like Uber, Airbnb and Pinterest, David Gelles and Conor Dougherty report.Big money managers including Fidelity Investments, T.
Cloud-based marketing software provider HubSpot went up 20.4% in first-day trading, closing at $30.10 per share.That gives HubSpot a market cap of roughly $913.8 million.Its shares opened at $32.95 a share Thursday morning, and went as low as $29.08 midday, before closing at $30.10.
Next week, a Boston-based tech company called HubSpot plans to raise ~$100 million in an inital public offering on the New York stock exchange. Hubspot is a software-as-a-service company, which means it makes software that companies subscribe to, rather than simply buy and install. The software it makes is marketing software for small to medium-sized business.