Reuters News

(Reuters) – Real estate and housing data company Zillow Inc. priced its initial public offering of 3.5 million shares at $20 apiece, raising 18 percent more than expected through the offering. Its shares are set to start trading on Nasdaq tomorrow morning under the ticker symbol “Z.” Zillow will raise about $70 million from the […]

(Reuters) – Demandware Inc., which provides cloud-based e-commerce products, filed with U.S. regulators on Friday to raise up to a $100 million in an initial public offering of its common shares. In a filing with the U.S. Securities and Exchange Commission, the company said Goldman Sachs & Co., Deutsche Bank Securities, William Blair & Co., […]

(Reuters) – Zeltiq Aesthetics Inc., a venture-backed company that uses a patented cooling technology to eliminate fat bulges, has filed with U.S. regulators to raise up to $115 million in an initial public offering. The company has raised $104.3 million in venture capital since 2005 from Advanced Technology Ventures (ATV), Aisling Capital, Frazier Healthcare and […]

(Reuters) - LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said. The three banks declined to comment. LivingSocial, runner-up to Groupon in the fast-expanding daily deal market, is the latest Internet startup seeking to woo investors keen to pile into social media companies from LinkedIn and Twitter to Zynga and Facebook. In April, LivingSocial raised $400 million in a round of funding that included LightSpeed Venture Partners and Amazon, giving it a value of about $3 billion. To date, LivingSocial has raised $648 million in

Silver Spring Networks Inc filed with the Securities and Exchange Commission on Thursday to raise up to $150 million in an initial public offering of its shares. In an S-1, the company, which provides networking platform for smart grids, did not disclose the number of shares it intended to sell or their expected price. The […]

(Reuters) - Venture-backed IPOs saw their strongest quarter since 2000 with offerings valued at $5.5 billion coming to the market in the second quarter of 2011, according to an exit poll by Thomson Reuters (publisher of peHUB) and the National Venture Capital Association (NVCA). (See table below.) The number of M&As also returned to 2009 levels, with the second quarter seeing 79 venture-backed M&As, 36 of which had an aggregate deal value of $5.4 billion. For the first half of the year, VC-backed IPOs are up significantly from

Matt Murphy says firm is considering a cloud-based fund

(Reuters) - News Corp. has sold Myspace for $35 million, a fraction of what it paid for the once-hot social media site even as a new generation of Web-based startups is enjoying sky-high valuations. Advertising company Specific Media will team with the singer Justin Timberlake to acquire Myspace in a deal that caps a tumultuous period of ownership under Rupert Murdoch's News Corp., which swooped in to buy Myspace for $580 million in 2005. The sale was a boon for the venture firms that backed MySpace's parent company, Intermix Media (formerly known as eUniverse). VantagePoint Venture Partners and Redpoint Ventures invested a total of $12 million in Intermix over two rounds, according to Thomson Reuters (publisher of peHUB). VantagePoint put $8 million into Intermix at a post-money valuation of $51.72 million in November 2003, while VantagePoint and Redpoint each put up

Business software maker CA Technologies (CA.O) agreed to buy privately-held Interactive TKO Inc for $330 million in cash to expand its cloud-based offerings. Interactive TKO, which makes software that allows customers to predict how their applications will perform in different environments, reported revenue of $39 million last year. CA expects the deal to lower earnings […]