Zynga's stock is getting hammered again today, falling over 7% this morning.
Being relative newbies to this whole tech IPO thing, some of us in the office are asking, "What the heck is going on here?"
We were spoiled by Groupon and LinkedIn this year. We just thought, "IPOs pop. At least for the first few days.
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.
Here's a startling story about the extent of the hubris in Silicon Valley these days, as well as the lengths tech companies are currently willing to go to win favor and buzz... A leading technology journalist, Adam Lashinsky, writes that he was just offered pre-IPO stock in Arista Networks , a company that makes a new networking technology.
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.
Apple is not hiring only in the managerial level, but hiring also people on the team-leading level and the researcher level ... They’re building a very strong team for speech recognition research."Basically, he says we have private companies, and we have public companies, and we have a point where it blurs thanks to secondary markets.
Shares of TubeMogul, a digital branding company, surged more than 60% in their public debut Friday. TubeMogul priced its IPO at $7 per share, and the stock finished Friday at $11.50 for a gain of 64% on its first day of trade. At its current stock price, TubeMogul's market cap is about $329 million. TubeMogul is a software company that operates a video advertising platform.
Look at the image above and choose one: a.) It's the set of a new sci-fi movie. b.) It's the mock-up of an actual spacecraft that's currently a work in progress. The correct answer? It's B -- but then the headline / tweet that brought you here probably spoiled that.
When you travel the world, having a few drinks with your hosts is a great way to get a sense of the local culture. But excessive alcohol consumption can cause physiological consequences . Don't worry—a hangover is universal, and your new friends probably already know a way to cope with it.Read more...
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.
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.
Chinese e-commerce giant Alibaba went public on the New York Stock Exchange today in what is officially the largest IPO in US stock market history. The stock opened at $92.70 per share, putting the company's market cap at over $228 billion.
Goldman Sachs banker Anthony Noto is Twitter's new CFO . Noto led the Twitter IPO when he was at Goldman, and before that he was the CFO for the NFL for nearly three years. Noto was supposed to start working for the hedge-fund firm Coatue Management this week, but clearly plans have changed.
Shares are trading at about $28 on Wednesday after reaching a high of over $97 in March (the 52-week range is 27.22 - 97.35, most of it since March). When it launched as a public company in September, it priced its shares at $20.One reason why analysts have been so hot on the company is because the company's flagship product solves a really hard computer security problem.
No, these folks aren't lined up for the iPhone 6. These people are here for Alibaba's IPO on Friday. And it's already insane outside the New York Stock Exchange. Take a look. There's a huge crowd outside the NYSE.
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.
apply to be listed on the New York Stock Exchange under the stock symbol “BABA.”looking to raise $20 billion Alibaba will go public in a few months in what could be the biggest IPO ever. The company could be looking to raise $20 billionIn a recent update to its F-1 IPO filing, the enormous Chinese e-commerce company Alibaba announced that it will
. Gross bookings were $641.1 million, which is up from the previous quarter of $632 million. EPS was $0.61 versus analyst estimates of $0.57.Monthly active users were 481 million, up from the previous quarter which had 408 million monthly active users. Daily active users were also up: 143 million versus 124 million the quarter before.