Reuters News
(Reuters) - Two senators introduced legislation on Thursday that would reduce the costs of going public for small and medium-sized companies by exempting them from certain regulatory requirements.
Democrat Charles Schumer and Republican Pat Toomey said the exemptions would end either after five years, when the company reached annual revenues of a $1 billion, or had acquired $700 million in publicly traded shares.
(Reuters) – Shares of Groupon Inc fell for a third day on Wednesday, sinking below the company’s initial public offering price of $20 less than three weeks after the daily deal company went public. Groupon’s shares were down 13.3% by mid afternoon to $17.40 on Nasdaq, bringing its decline over the last three days to […]
(Reuters) - Video rental and streaming company Netflix Inc. said late on Monday that it raised $400 million in fresh capital by selling convertible debt to long-time backer Technology Crossover Ventures (TCV) and stock to funds managed by T. Rowe Price.
Netflix has lost about two-thirds of its market value since the company's shares touched a high of almost $300 in July.
The company, which had $159.2 million in cash and cash equivalents at the end of September, has struggled to renegotiate video content deals. It has also lost subscribers and warned of a first-quarter loss.
The $200 million note sale and the $200 million stock sale will help the company replenish its war chest.
When Netflix Chief Executive Reed Hastings "said, 'Hey, I'm going to double content spend in 2012,' we couldn't see how it could happen," UBS analyst Brian Fitzgerald told ...
(Reuters) – Angie’s List debuted on Nasdaq at $18.01, or 39% above its offering price, on Thursday after pricing its IPO at the high end of its expected price range. The stock rose as much as 44 percent to $18.75. It was later trading up 30% at $16.85. The Indianapolis-based company, which provides consumer reviews […]
(Reuters) – LinkedIn Corp. raised its follow-on public offering to about 8.75 million shares and priced it at $71 a share in a bid to raise working capital, including further expansion of its product development and field sales organizations. On Nov. 14, the professional networking company said it would offer 8 million shares. Late on […]
(Reuters) – Angie’s List Inc., which provides consumer reviews of local professionals and businesses, priced its initial public offering at $13 a share, the higher end of the expected price range, according to an underwriter. The offering consisted of about 6.3 million shares being sold by the company, with the rest by certain stockholders, including […]
(Reuters) – One entrepreneur’s shrinking, outdated market is another entrepreneur’s goldmine. Traditional mail may be on the wane, but that hasn’t stopped entrepreneur David Greenberg from pushing ahead with a new service to control the flow of bills, magazines and unwanted mail to people’s homes. “It’s almost like having a spam button for paper mail,” […]
(Reuters) – Canadian venture capital funds raised C$365 million ($356.8 million) in the third quarter, more than seven times the C$47 million they raised in Q3 2010, according to a new report from the Canadian Venture Capital and Private Equity Association (CVCA). Fundraising for the first nine months of this year totaled C$739 million, just below […]
(Reuters) – The transformation of Seattle’s South Lake Union district stands as a metaphor for this city’s emergence as what some would argue is the West Coast’s second most important hub of technology and entrepreneurship. Many of the glass and steel buildings were built by Paul Allen, the second-richest — behind Bill Gates — of […]
(Reuters) – Shares of daily deals site Groupon Inc rose more than 50 percent in their stock market debut on Friday, but at least some of the early trading exuberance may have come from limiting the fraction of the company that was sold. The shares rose as high as $31.14, or 55.7 percent above the […]