Following on the enormously successful, warts-and-all initial public offering of Demand Media, the latest sign of a flowering market for technology IPOs takes the form of an industry move on Wall Street: Imran Khan, a JPMorgan managing director known for his tech analysis, is moving over to Credit Suisse to work on internet Read More
Investors who had been eagerly awaiting their chance to buy into Internet telephony service provider Skype will have to wait yet another long six months or so. The Wall Street Journal reports that the recent installment of CEO Tony Bates and potential trouble in the IPO market are holding the company back from its Read More
Shares of Demand Media, the content-farming company with unconventional accounting practices, rocketed 35 percent higher following the company’s initial public offering this morning.
From Fortune:
The offering included 8.9 million shares, with Demand selling 4.5 million shares at $17 per share. Existing shareholders sold another 4.4 million shares–a last-minute boost over the 3 million Read More
Content cultivator Demand Media is raising the per-share price of its initial public offering right before it begins trading on the New York Stock Exchange today, according to an SEC filing reported by paidContent. What a way to return to what had been a very dry well for internet-company IPO activity!
Demand, which Read More
Amid broader questions about the vitality of the current market for initial public offerings, Reuters’ Felix Salmon reports from the DLD conference in Munich that New York technology executives and pundits are less than optimistic about companies’ desire to get listed on stock exchanges.
Chief among the IPO bears was SecondMarket CEO Barry Silbert, Read More
This year, several big initial public offerings appear ready to trundle down the pike, and business is bigger than it’s been in years.
Nielsen Holdings, Demand Media and (eventually) Facebook are set to rekindle the market. But, as The Wall Street Journal reports, returns for private equity firms will probably be hamstrung by a Read More
The romance between tech and Wall Street is booming in a way not seen since the early 2000s. IPO fever is swirling around companies like Groupon and Facebook, fueling a growing hunger for all things social and mobile. So it is with some irony that the next onslaught of initial public offerings is being spearheaded Read More
Bloomberg reports that a specific timetable is emerging for a Treasury exit from AIG, the insurer that nearly blew up in the fall 2008 but was systemically important and hence bailed out. Citing three people with knowledge of the talks, Bloomberg says Treasury could announce a plan to get taxpayer money out of AIG Read More
