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.
King, the company behind theCandy Crushsagafiled its IPOtoday, but is the makeranother Zynga(Farmville),another Rovio(Angry Birds) or something else again? Nearly 100 million users playCandy Crushevery day, and while the company's titles remain free to play, it depends on virtual goods, additional levels and content purchases to bring in the cash. Selling shares at $22.
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...
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.
IPO activity on Wall Street is heating back up. This week saw King — the maker of the addictive game Candy Crush — go public, only to see its stock tank three straight days in a row. Also this week we got the S-1 filing from Box, which makes a cloud-based file system, and though the company is a phenomenon, it's bleeding an unholy amount of cash . Still! The IPO window is open.
Wall Street has finally found an adtech IPO that it actually likes. Maybe even loves. Rubicon Project, the giant online ad server, went public today at $15 and by mid-afternoon the stock was up 36% to $20.52. The sale raised $101.5 million from 6.8 million shares. Rubicon will get $81.
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.
The company's losses are five times its 2013 revenues, and its marketing costs are three times its revenues.In just five days, Castlight has become the poster child for people who believe the current tech boom is nuts. Theare to blame.
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.