'Initial Public Offering'

Farmville creator Zynga files for $1 billion IPO

By: |Jul 1st, 2011 at 07:38PM
Filed Under: Gaming, Software
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Zynga, the popular gaming company behind hits such as Farmville — and the owner of other smash titles such as Words with Friends on Android and iPhone — has filed for an initial public offering (IPO), The New York Times reported on Friday. It currently has a $20 billion valuation and has plans to offer 10% of its shares; Morgan Stanley will work on the deal. Mark Pincus, the company’s CEO, expects that Zynga can earn $1 billion through the IPO. Unlike some other recent tech IPOs, which have caused m...

Facebook’s possible Q1 2012 IPO could be worth more than $100 billion

By: |Jun 13th, 2011 at 04:31PM
Filed Under: Business, Services
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According to CNBC, Facebook may go public during the first quarter of next year, and sources expect the company could be valued at more than $100 billion. Facebook could find an IPO more attractive once it surpasses a total of 500 investors, because after that milestone it will be required to file financial information with the SEC each quarter — otherwise known as the “500 rule” of the 1934 Securities and Exchange Act. CNBC said that Sheryl Sandberg, Facebook’s Chief Operating Officer, re...

Groupon files for $750 million IPO

By: |Jun 2nd, 2011 at 04:20PM
Filed Under: Business
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On Thursday, Groupon — the popular location-based coupon service — filed for an initial public offering with the Securities and Exchange Commission. The start-up, which alerts 83 million email subscribers in 43 different countries of local deals that range from restaurant discounts to sailing lessons, hopes to raise $750 million in its IPO. “Expect us to make ambitious bets on our future that distract us from our current business,” Andrew Mason, Groupon’s chief executive officer, said in...

Angry Birds creator Rovio sets 2-3 year goal for IPO

By: |May 18th, 2011 at 11:02PM
Filed Under: Gaming, Mobile, Software
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Rovio Mobile, the firm behind the hit game Angry Birds, has set a goal to seek an initial public offering (IPO) sometime during the next 2-3 years, Reuters is reporting. The firm raised $42 million in Series A funding earlier this year, and its Angry Birds franchise has spread across multiple platforms including Android, iOS, webOS — and you can even play it in your web browser. As such, Rovio has increased its staff from 12 employees to 100 employees this year. “I see that this is only beneficial for...

Facebook and Google eyeing Skype joint venture, possible purchase

By: |May 5th, 2011 at 08:40PM
Filed Under: Mobile, Services, Software
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Facebook and Google are in separate talks to enter joint ventures with Skype, Reuters reported on Thursday. Facebook’s CEO Mark Zuckerberg has also reportedly been in clandestine meetings discussing an all-out purchase of the VoIP service. Skype’s IPO, which is expected to occur later this year, could be worth $1 billion, however, deals with Facebook or Google could bring in as much as $3-$4 billion, Reuters said. Skype 5.0 launched in October of this year and added tight Facebook integration, but...

Bloomberg: Facebook to postpone IPO until 2012

By: |Jul 31st, 2010 at 05:49AM
Filed Under: Social Network
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Bloomberg is reporting that social network Facebook will postpone an IPO until 2012. Investors have been speculating that the world’s largest social network — valued at $24.9 billion — would go public sometime in 2011. Bloomberg writes, “Waiting lets Zuckerberg, 26, hone the skills needed to steer a company that issues quarterly results while facing criticism on such matters as user privacy.” Facebook declined to comment, and Zuckerberg himself said his company would offer an IPO...

Electric car company Tesla raises over $226 million in IPO

By: |Jun 29th, 2010 at 09:31PM
Filed Under: Automotive
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As of yesterday, no American car company had gone public since Henry Ford put his family business on the on the U.S. stock exchange back in 1956. Today, Tesla Motors (TSLA) — in an IPO — sold over 13.3 million shares of stock on the NASDAQ exchange totaling $226.1 million. The all-electric car maker’s mission is simply to “sell high performance, super efficient electric cars.” Tesla uses some pretty impressive technology to manage, store and harness the electric charge stored in...