After a brief pause, Tech IPO’s are back again. Today two software companies will come out with their offerings, and in the days ahead we can expect a flurry of IPO’s from tech companies. 1. Tableau Software Tableau Software, Inc. (NYSE:DATA)’s IPO will be the biggest one today. Tableau Software, Inc. (NYSE:DATA), specializing in data visualization, revealed yesterday that the share will be priced at $31, and it expects to raise more than $254 million...
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Discount airliner Virgin America said it’s close to turning around its financial losses and could be ready for an initial public offering as early as next year. Although a privately held company, Virgin America is announcing these financial results in advance of the DOT quarterly reports. The airline reported its first-ever fourth quarter operating profit in the quarter ending in December 2012, with a 4.4 point improvement in operating margin over the fourth quarter of...
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Dan Loeb, the famous investor at the head of Third Point LLC is currently working with bankers from Morgan Stanley, Credit Suisse AG and JPMorgan Chase & Co. (NYSE:JPM) to organize a public debut for Third Point Re, the re-insurance arm of the hedge fund. The news was originally reported by Jessica Toonkel and Olivia Oran of Reuters. Third Point launched its re-insurance arm last year with $750 million in capital. The firm Third Point...
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Twitter hired Morgan Stanley managing director Cynthia Gaylor to head its corporate development. Talk of Twitter IPO heated up following this hire. Investment bankers typically are not permitted to be on Twitter for work purposes. Some analysts feel this appointment is a clear indicator that Twitter is preparing for an IPO. Excited to welcome @cynthiag as head of @twitter corp dev. She’s joining a great team /cc @jess — Alex Macgillivray (@amac) May 2,...
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Investment management firm DoubleLine Capital LP completed the initial public offering (IPO) of its close-end DoubleLine Income Solutions Fund (NYSE:DSL) on Friday. Jeffrey Gundlach, chief investment officer and CEO of DoubleLine Capital will manage the operations of the new fund with the assistance of portfolio managers Bonnie Baha and Luz Padilla. According to Gundlach, DoubleLine Income Solutions Fund (NYSE:DSL) aims to seek greater risk than DoubleLine Capital’s flagship fund DoubleLine Total Return Bond Fund...
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NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced its earnings report for the first three months of 2013 this morning, showing good progress in the first quarter of the year. On today’s market, Facebook Inc (NASDAQ:FB) shares trended up by a percentage point, while Nasdaq OMX Group shares were down by more than 1.5 percent. The company revealed that it had earned 64 cents per share in the first quarter of the year, on revenues totaling...
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SeaWorld Entertainment Inc (NYSE:SEAS) will issue its IPO on Friday and will start as a public company on the New York Stock Exchange. This will be one of the biggest offering of a private-equity-backed company in recent months. The Blackstone Group L.P. (NYSE:BX) investment’s in SeaWorld Entertainment Inc (NYSE:SEAS) is seen as a signature move. The company, recently hosted a pair of penguins in its Park Avenue office. The IPO had an encouraging start on Thursday evening. The price...
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With an expected IPO next year, a foray into music beginning today and the announcement that Twitter has 200 million monthly users made in December, Twitter’s valuation continues to rise. In a news filled week, Twitter has become the unchallenged news aggregation site for social news. That does not bring with it promises of accuracy, but nobody does breaking news better. The question for many is whether or not this will translate into a...
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The stock price of Fairway Group Holdings Corp (NASDAQ:FWM) surged by almost 42 percent on its initial public offering (IPO). The company initially offered its stock at $13 per share, and it went up as high as $18.41 per share during early morning trading. The stock is trading around $17.15 per share, up by 32 percent, around 3:00 pm in New York. In a statement, Fairway Group Holdings Corp (NASDAQ:FWM) said it was given...
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The shares of Pinnacle Foods Inc (NYSE:PF) surged by 13 percent to around $22.58 during its initial public offering Thursday, in New York. The maker of Birds Eye frozen foods, Duncan Hines frosting and cake mixes, and Vlasic pickles offered 29 million shares at $20 per share, the highest price based on its expected price range from $18-$20 per share on its filing with the Securities and Exchange Commission (SEC). Pinnacle Foods’ stock price opened...
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The U.S. Securities Exchange Commission (SEC) has approved a plan to reimburse those market makers who a suffered loss in an initial public offering of Facebook Inc (NASDAQ:FB), which was botched on the NASDAQ Exchange. NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) created a plan and is offering a settlement worth $62 million to the brokerages that have gone through losses. The initial public offering for Facebook Inc (NASDAQ:FB), which opened May 18, was delayed by...
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