IPO

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Web Biz Alibaba Launching Record IPO in China

Operation links buyers to Chinese manufacturers

(Newser) - Alibaba, the business-to-business service that links small and mid-sized Chinese manufacturers to customers around the world, is expected today to announce what will likely be the biggest Internet IPO  in Chinese history. Analysts expect the world's most-visited import/export site to pull in an estimated $1.3 billion from Hong Kong...

Facebook Founder's No to IPO
Facebook Founder's No to IPO
Oct 18, 2007 12:21 AM CDT

Facebook Founder's No to IPO

Zuckerberg says going public is years away

(Newser) - Facebook's founder Mark Zuckerberg has quashed speculation over a possible initial public offering. Speaking to an overspill audience at the Web 2.0 conference, held in a ballroom of the ornate Palace Hotel in San Francisco, Zuckerberg said Facebook, the popular internet social network, would not be selling shares on...

Virgin Mobile USA IPO Disappoints
Virgin Mobile USA IPO Disappoints
Oct 12, 2007 11:15 AM CDT

Virgin Mobile USA IPO Disappoints

Shares trade just 5% above IPO price.

(Newser) - Virgin Mobile USA debuted on the stock market yesterday with disappointing results, according to the Wall Street Journal. Its closing price of $15.75, up 5% from the IPO, was at the low end of the $15-17 range predicted by deal manager Lehman Bros. Founding owners Virgin Group and Sprint...

Credit Jitters May Put KKR Offering on Ice

Private equity firm denies reports its IPO will be delayed

(Newser) - The Times of London claims that buyout firm KKR has postponed plans for a $1.25B float and a public listing because of the fallout from turbulent credit markets. The company had planned its IPO this September but has reportedly pulled back due to waning investor confidence following the subprime...

Nasdaq Debuts $100M Fat Cat Exchange

High-rolling private bourse will be free from federal regulation

(Newser) - Nasdaq is launching a regulation-free private stock market for the super-rich, offering those who can pony up at least $100 million access to the first-ever private investment exchange. Any private company can then sell stock to these elite shareholders, without having to worry about making their finances public—or being...

Blackstone Partners Profit on IPO Taxes

Loopholes pay off for buyout firm managers after $3.7 bil offering

(Newser) - The Blackstone Group's partners have expertly negotiated a labyrinth of loopholes to dodge taxes on $3.7 billion they raised with an IPO last month, the Times reports. The maneuver comes as congress discusses what to tax private equity managers, but analysts say the rate debate misses the point; firms...

KKR Makes IPO Official
KKR Makes
IPO Official
Jul 3, 2007 7:34 PM CDT

KKR Makes IPO Official

Private equity behemoth follows Blackstone into the public pool

(Newser) - Undeterred by the possibility of potentially devastatingly tax-law changes, Kohlberg Kravis Roberts firmed up its IPO plans today, filing SEC documents that value the issue at up to $1.25 billion. The private (for now) equity firm said it will list as a partnership, like archrival Blackstone, which went public...

With IPO, Ellison Walks $500M Tightrope

NetSuite offering reveals Oracle chief's major stake in rival

(Newser) - It's murky waters ahead for Oracle CEO Larry Ellison, a day after rival NetSuite Inc. revealed in an IPO filing that the outspoken billionaire holds a 74% stake. That puts Ellison, whose Oracle holdings are valued at $24 billion, in a tricky spot: Other shareholders may view the joint investments...

Mortgage Worries Drive Markets Down
Mortgage Worries Drive Markets Down
Jun 22, 2007 4:45 PM CDT

Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

(Newser) - The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans couldn't stop the bleeding. The...

KKR Joins IPO Party
KKR Joins
IPO Party
Jun 22, 2007 9:05 AM CDT

KKR Joins IPO Party

After Blackstone's triumph, barbarians at the public gate

(Newser) - Corporate raiders Kohlberg Kravis Roberts & Co. have announced an initial public offering, on the heels of a wildly successful $34B IPO by rival Blackstone yesterday. The mammoth LBO group, whose boss Henry Kravis maintains a well known rivalry with Blackstone's Stephen Schwarzmann, waited to make sure Blackstone swam before...

Blackstone IPO Fetches $4.13B
Blackstone IPO Fetches $4.13B
Jun 21, 2007 5:05 PM CDT

Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

(Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price...

Supremes Side With Banks in Antitrust Action

Credit Suisse, Goldman won't face class action suit over late-'90s IPOs

(Newser) - The Supreme Court has broadened the shield protecting companies from antitrust lawsuits, ruling in a 7-1 decision this morning that investors cannot sue 16 banks they accuse of rigging Internet-boom-era IPOs. The majority said the SEC had adequately regulated banks' actions and that opening them up to this type of...

Senate Puts Blackstone on Notice
Senate Puts Blackstone on Notice
Jun 15, 2007 12:48 PM CDT

Senate Puts Blackstone on Notice

Tax maneuver may derail IPO, transform private equity

(Newser) - Less than 2 weeks ahead of Blackstone's IPO, bipartisan legislation introduced in the Senate yesterday threatens to hamper or halt the avidly anticipated stock sale. The private equity behemoth's tax bill would more than double if the measure—under which partnerships like Blackstone would pay the 35% corporate rate rather...

Blackstone IPO Payouts Will Eclipse Google

Schwarzman's stake in the private equity firm will top $7.5B

(Newser) - Huge windfalls due the top executives of the Blackstone Group from their IPO late this month will eclipse even the payday enjoyed by the Google founders three years ago, the Wall Street Journal reports. CEO Stephen Schwarzman will make $677 million and retain a $7.5 billion stake in the...

Blackstone Honchos Cash In on IPO
Blackstone Honchos Cash In on IPO
Jun 11, 2007 9:04 AM CDT

Blackstone Honchos Cash In on IPO

Barbarians at the gate will arrive flush with cash—$2.33B of it

(Newser) - And the billionaires get richer. Blackstone founders Steve Schwarzman and Pete Peterson will collect a combined $2.33 bil from the private equity giant's planned IPO, which could take place as early as late June. Schwarzman will keep a 24% stake in the $32B company, worth just under $450M, and...

China to Buy $3B Stake in Blackstone

Beijing moves onto Wall Street with historic deal

(Newser) - The Chinese government will buy a 9.9% stake in Blackstone, the US private equity fund that's about to launch its IPO. The $3 billion purchase of nonvoting shares, the first time China has invested its enormous foreign reserves in commercial stock, is meant to exploit a private equity market...

Inside the Citadel: Hedge Fund Giant Mulls IPO

Founder Ken Griffin gets cozy with Portfolio

(Newser) - Portfolio magazine debuts with a look inside Citadel Investment Group, the $13.5 billion Chicago hedge fund that's even more press-shy than most of its brethren. A rare chat with founder Ken Griffin reveals that he's thinking of taking Citadel public —which the magazine notes could be the biggest...

Wall Street Snapping Up Losers
Wall Street Snapping Up Losers  
Mar 28, 2007 9:46 AM CDT

Wall Street Snapping Up Losers

Tech companies with no profits are enjoying hot IPOs again

(Newser) - Money-losing tech companies are enjoying overheated IPOs again. In a disconcerting echo of 1999, Forbes reports more than half the companies going public so far this year have yet to turn a profit. "The losers may be us," Quentin Hardy cautions, "a public suddenly so hot for...

Sloan Reviews the Blackstone IPO Filing

Not quite financial porn, but some revealing moments

(Newser) -  The IPO filing for the notoriously secretive Blackstone Group wasn't the tell-all Wall Street watchers had hoped for, says Newsweek’s Wall Street editor Allan Sloan, who searched in vain for how big a stake is held by the private equity partnership's  two Mr. Bigs, Steve Schwarzman and Pete...

Stories 141 - 159 | << Prev