Tag Archives: IPO
SlashGear Evening Wrap-Up: May 18, 2012
Happy Friday, everyone! We’re wrapping up yet another work week, so let’s take a look at all the stories that made news as we head into the weekend. So the biggest thing of course is Facebook’s IPO, and lucky for you we have a very concise Facebook IPO wrap-up. Moving on to the world of gaming, Diablo III real-money auction house second launch date set. And finally, going to mobile news for this Friday – Nokia Lumia 900 gets hammer and nails stress tested.
Featured: So in the category of featured articles, we have a couple things to highlight today, both of which are product reviews. First up is – Plantronics Bluetooth headset review. And the other is something that might set you back just a little bit more dough – HP Z420 Workstation review. So there are Čítaj ďalej: http://feeds.slashgear.com/~r/slashgear/~3/Fj_Cmjr3S-4/
Autor: SlashGear.com
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Facebook amends S-1 with share allotments for IPO underwriters
Facebook released the amount of shares allocated to each of its underwriters today, following its less-than-stellar IPO day.
The company went public on the Nasdaq to an EKG-like performance, ending in a .38 cent gain today. The update came in an amendment to the company’s prospectus following the close of the market. Along with Facebook’s tumultuous trading, a number of other tech companies’ share prices fell today, including Zynga’s which had to be halted.
The total number of shares allocated to underwriters amounted to 421,233,615, with Morgan Stanley leading the group with 162,174,942 shares now worth over six billion dollars. Morgan Stanley was followed by J.P. Morgan, Goldman Sachs, Merrill Lynch, and Barclays.
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Autor: Venturebeat.com
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For Facebook, life ain’t nothin’ but glitches and IPOs
In addition to being one of the largest initial public offerings ever, Facebook’s IPO drew so much interest that the system couldn’t keep up with demand.
Facebook expected to make its public debut at 8 a.m. PT this morning, but trading took an extra half-hour to get underway. While details weren’t provided, Bloomberg was able to confirm that NASDAQ was experiencing a delay.
The Wall Street Journal reported that traders were unable to confirm changes or cancellations made to Facebook orders as early as 4:30 a.m. PT. Once trading did begin, traders were unable to get a confirmation on if they got the stock at the intended price. These glitches ended up putting the social network giant’s stock price into a slump, which caused a sinking reaction among other tech stocks.
It’s possible the glitches were due to the extremely large volume of trades —
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Autor: Venturebeat.com
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Do not despair: Facebook revenue — and its share price — are just at the beginning
So, Facebook is now public, and it got off to the most unimaginable and inauspicious start, losing $4 between the NASDAQ’s opening and closing bells.
But don’t go jumping out any windows just yet.
There’s no question that the IPO defied expectations in the worst way possible (well, perhaps not the worst), offering at $38 and closing just a few cents higher at $38.37. Even our more conservative sources thought trading would close in the low $40s.
But while the numbers are, as one candid entrepreneur expressed it, “a total crapshoot,” almost everyone we spoke to was quick to point out that both Facebook’s revenues and its stock price are still very much in their infancy.
“This is an eight-year-old company,” pointed out Rebecca Lieb, an Altimeter Group analyst. “When Google went public, they had only recently developed ad products. Facebook is at the beginning of mobile products, advertising products — and it
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5 Reasons Facebook’s IPO Matters to You
1. It Will Affect Your Privacy
Facebook is an enormously popular website, but how will it translate that popularity into money for investors? The social media giant’s biggest asset is its wide collection of personal information, and though the company probably isn’t going to risk alienating its user base by doing anything too extreme, it is likely to try to find a way to dip into that resource to increase profits.
As Rep. Ed Markey (D., Mass.) explained, “To respond to the demands of profit-hungry shareholders, Facebook will be under increasing pressure to squeeze revenue from its most valuable asset — the vast treasure trove of personal information it’s collected on users.”
But don’t worry too much — any attempts to capitalize on personal information will meet intense scrutiny from lawmakers and consumer groups.
2. It Means More Ads
One of the perceived weaknesses of Facebook’s stock stems from the company’s inability to monetize its
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Autor: Mobiledia.com
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