Tag Archives: SEC
Facebook faces $16bn after increasing IPO again
Facebook has again increased its IPO stock offering, loosing up almost 84,000 Class A shares more than before according to its newly amended SEC-1 filing. The social network cited covering “over-allotments” as the motivation behind the decision, with the book expected to be closed on the IPO on Thursday this week, and trading of the stock beginning on Friday. If Facebook hits its latest $38 apiece estimate, it could mean the social network raises a whopping $16bn.
“We and the selling stockholders have granted the underwriters the right to purchase up to an additional 63,185,042 shares of Class A common stock to cover over-allotments” Facebook wrote in its eighth amendment to the SEC-1 filing. Meanwhile, “the selling stockholders are offering 241,233,615 shares of Class A common stock,” up from the 157,415,352 mentioned in yesterday’s filing. That takes the total amount of shares Čítaj ďalej: http://feeds.slashgear.com/~r/slashgear/~3/ftnahUQImsY/
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Facebook adds extra 50m shares as IPO value soars
Facebook has added a further 50m shares to its IPO this week, raising the expected public offering price to as much as $38 apiece, and potentially pushing the social network’s value to over $100bn. The decision, revealed in Facebook’s seventh amendment to its SEC IPO filing, was rumored earlier along with the new price range, which shifts the expected value of shares from $28 – $35 each, to $34 – $38 each.
The news comes amid reports that Facebook has more interested buyers than it has shares in the social network, with talk of interest being “massively oversubscribed.” Previous rumors have indicated that Facebook might close the book on the IPO later today, two days earlier than expected, setting the price on Thursday and then beginning sales on Friday. “We and the selling stockholders have granted the underwriters the Čítaj ďalej: http://feeds.slashgear.com/~r/slashgear/~3/-Y-sQnoCioQ/
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Funding daily: Halting the hackers and online dating meets job searching
At VentureBeat, we come across a lot of funding news every day. In order to bring you the most information possible, we’re rounding up the quick-and-dirty details about the funding deals of the day and serving them up here in our “Funding daily” column.
Shape Security $5.6M of $5.58M round SEC
According to an SEC form D, Shape Security has raised $5.6 million from a total $5.8 million round. Still in stealth mode, the company is trying to stop hacking once and for all.
DataPop $7M funding
Targeted-advertising company DataPop garnered $7 million in funding from MK Capital, Rincon Venture Partners, IA Ventures, Momentum Ventures, and Accelerator Ventures. The company claims to use science and natural language generation to create targeted ads that people are more likely to click on.
“eHarmony for jobs” Path.to launches with $1.5M in the bank
Path.to launched today with a $1.5 million equity investment. The company works as a
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Entrepreneurs: What the JOBS Act means for you right now
By now, you’ve probably heard that the JOBS Act passed. The “Jumpstart Our Business Startups,” or JOBS Act, will allow entrepreneurs to crowdfund online to fund small businesses and startups. Plus, entrepreneurs can raise funds from non-accredited investors. The catch: The regulations aren’t in place until the SEC review period is up in January 2013.
While the bill itself is effective immediately, still pending are how the sections that fall under the SEC scope will be regulated. The SEC has 270 days to focus on how to regulate the offerings targeting non-accredited investors. In the meantime, entrepreneurs will be able to crowdfund only to accredited investors beginning July 4, 2012.
So what does the JOBS Act mean for entrepreneurs right now – and how can entrepreneurs make the most of this time?
1. Gather the necessary documents
For starters, entrepreneurs who want to move forward with crowdfunding can begin to gather all the important documents needed
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Chris Sacca raising $25M investment fund, according to SEC filing
Notable tech venture capitalist Chris Sacca has raised at least $25 million for new investment fund Lowercase Spur, according to a SEC document filed today.
The new fund comes a little over a year after Sacca’s first investment fund, Lowercase Capital. That fund raised nearly $50 million and invested in plenty of well-known tech startups, such as Turntable.fm, Backupify, BackType, Twillo, Formspring, and Uber. The first fund is reportedly worth about five times as much as its original value, according to a Bloomberg report in March.
The new fund, which was opened in 2011 with Sacca’s own money, will reportedly invest in startups over the next decade — and mostly to put additional money into companies that were initially funded by Lowercase Capital, according to Bloomberg.
We’re reaching out to Sacca for more details and will update the post with any new information.
via TechCrunch
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