IPO

Snap hype cools off as bubble bursts for now

The Snap IPO caught a few people off guard as prices surged to $24 after the first day of trading, but as the price declines, late comers to the party are looking a little bit screwed.

Snap IPO crackles and pops

Snap finished its first day of trading with share prices increasing 44% on the initial $17, finishing at $24 with a market capitalization roughly $33 billion.

The Snapchat speculative bubble – an infographic

Snap’s most recent filing with the Securities and Exchange Commission, the team are chasing after an IPO which would value the business at $18.5 billion, less than half of its initial ambitions.

What’s the point of Snapchat?

Some of the biggest IPOs of recent years have been social media companies and Snapchat will be no exception, but it may be one dotcom gamble too many.

Abertis announces IPO of €3.5bn Cellnex Telecom subsidiary

Spanish infrastructure player Abertis has formally announced the IPO of its telecoms operations, a manoeuvre made possible by spinning it off to form the wholly-owned subsidiary – Cellnex Telecom – at the start of this month.

Alibaba set for record IPO and international expansion

The Chinese e-commerce giant is to commence its investor roadshow in the USA this week, ahead of one of the most highly anticipated Initial Public Offerings in the history of the New York Stock Exchange.

Twitter primed for IPO; caught in IBM’s crosshairs

With Twitter’s IPO set to go live later today the company has priced its shares at $26 each, higher than the expected range of $23-25. With 70 million shares on offer the company is looking to score around $1.8bn in proceeds with a 30 day option for another 10.5 million shares to be sold.

Twitter grows engineering base; IPO in offing?

Social network Twitter is on the hunt for almost 90 engineers and while many of the positions are focused on traditional remits like Android, Linux, and Cloud, several other roles up for grabs seem to indicate that the company is preparing for an IPO.

Facebook targeting mobile revenue with App Center launch

Facebook has announced that it will shortly launch its App Center, a new portal for its users to discover and rate smartphone apps.. Due to be launched “in the coming weeks”, the App Center will showcase iOS, Android and HTML5 apps. Facebook will use indicators such user rating and engagement to select the apps it feels are of the highest quality.

Zynga files for IPO, says its future is mobile

Social gaming giant Zynga has filed for its much-anticipated initial public offering in the US. While the company has yet to put a price tag on the shares, as part of the process of calculating its registration fees with the Securities and Exchange Commission (SEC), Zynga has estimated it will raise $1bn from the sale.

Safaricom IPO kicks off

East Africa’s biggest ever initial public offering (IPO) kicked off on Monday, as Kenyan operator Safaricom began trading on the Nairobi stock exchange. The government’s sale of a 25 per cent stake in the carrier has proved popular, with the listing more than 400 per cent oversubscribed. Local reports suggest around 800,000 domestic and foreign […]

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