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.
The last time shares closed below $200 was in May.Tesla has been getting hammered. It hit a trading peak of $291 on Sept. 4. If its slide continues, the stock will have shed about 47% since peaking.Tesla's stock fell below $200 per share in trading on Tuesday. The stock recovered and is back at $202, down only marginally from where it opened. Shares dropped as low at $195, in morning trading.
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.
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.
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.
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.
Sridhar Natarajan and Zijing Wu, citing two people familiar with the deal, Alibaba is planning to raise up to $8 billion in the offering.Ratings agencies Fitch and S&P both assigned 'A+' ratings to Alibaba's corporate credit rating. S&P cited the company's "dominant market position in e-commerce in China and the company's minimal financial leverage.
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.
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.
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.
Before people started going crazy over the current incarnation of number puzzle games like 2048 and its ilk, a few years back, there was Drop7. But developer Zynga surprisingly stopped updating or improving it, that is, until now. They have now rebooted the game that was one of the first puzzle game successes, but it seems like not everyone is crazy about the changes they made.
Uber has hired Goldman Sachs to raise money from the bank's high-net-worth clients, Fortune's Dan Primack reports. Primack reports that Goldman began sending information packets on Uber to its wealth management clients Monday morning and that the bank could raise "hundreds of millions of dollars to support Uber's balance sheet and international expansion efforts.
Well, that was fast. Twitter casually mentioned at itsAnalyst Dayfestivities last week that it'd soon give users the ability to share public Tweets in private conversations, and nowa new updateto its apps and web clients means you can do just that.
Chinese e-commerce behemoth Alibaba goes public on the New York Stock Exchange today in what will be the biggest IPO ever . Companies have been going public on the NYSE literally since the beginning of the NYSE, so you'd think they'd be good at it. But with recent IPO blunders , focus has ramped up on the exchanges and professionals who handle these things.
Still playingWords with Friends? Well, then Zynga's rewarding your loyalty with a huge update on the app's fifth birthday, complete with a redesigned interface and new features. The New Words with Friends (yes, it's been renamed, as well) doesn't only lookflatterthan its predecessor, it also comes with a new feature called Solo Mode, which lets you play on your own without internet connection.