Reuters News
Vacation rental website operator HomeAway Inc priced its initial public offering at the top of the expected range on Tuesday, an underwriter said. Texas-based company and its shareholders sold 8 million shares for $27 each, the underwriter said, raising $216 million. They had planned to sell shares for $24 to $27 each. HomeAway’s websites, which […]
(Reuters) – Angie’s List Inc., a website that compiles consumer reviews on everything from plumbers to pediatricians, has picked Bank of America Corp. to steer its initial public offering planned for August, a person briefed on the matter said on Saturday. The IPO for the Indianapolis-based company is expected to take in from $100 million […]
(Reuters) - Online radio company Pandora Media (NYSE: P) priced shares in its initial public offering above an already raised range on Tuesday, the latest company to take advantage of red-hot valuations for Internet companies.
The venture-backed company priced its shares at $16 each, according to a source familiar with the deal. The company raised $235 million based on 14.7 million shares it planned to sell, according to a government filing.
Late last week, Pandora increased its price target range to
(Reuters) - On an overcast day in May, a clutch of the world's most powerful investors gathered in a 19th-century mansion in Moscow to hear a proposition from Vladimir Putin: invest in Russia, and we will invest with you.
For forty minutes at the government's Vozdvizhenka guest house, the prime minister addressed private equity and sovereign wealth funds representing a combined $2 trillion of wealth. He was pitching a plan to launch a $10 billion state-backed fund that Russia hopes can win over those foreign investors who still regard the country as a no-go zone.
There was "a lot of back and forth and some tough
(Reuters) - Shares of Fusion-io Inc. (NYSE: FIO), which makes storage memory hardware and software for data centers, soared 34 percent in their market debut, as the rush to snap up technology startups showed no signs of waning.
Fusion-io's shares sold for an IPO price of $19 apiece, but Thursday's opening price of $25 a share values the company at about $1.95 billion. The company had originally planned to sell shares in the $16-$18 range.
UPDATE: The company's shares ended the day at $22.50, up 18% from their IPO price. As of 2:43 p.m. EST, the company's shares were trading for $22.89 each.
New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company’s most recent S-1 filing. NEA’s 25.93 million shares are worth more than $593 $583 million at $22.89 $22.50 per share, while Lightspeed’s 8.82 million shares are worth more than $201 $198 million. (Note: Updated with closing share price.)
(Reuters) - Fusion-io (NYSE: FIO), which makes storage memory hardware and software for data centers, priced its initial public offering on Wednesday at $19 per share, above its previously announced range, according to a market source.
The offering, which consisted of 12.3 million shares, raised $233.7 million. The company had earlier planned to sell shares for $16 to $18 apiece.
New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company's most recent S-1 filing. NEA's 25.93 million shares would be worth $493 million at $19 per share, while Lightspeed's 8.82 million shares would be worth
(Reuters) - For entrepreneur Ash Bhoopathy, not even backing from Bill Gates gives his tech startup enough street cred to easily land qualified engineers in today's competitive recruiting environment.
"It's hard to attract the really talented developers," said the 29-year-old co-founder of BettrAt, a Seattle, Wash.-based startup that helps users plan and track accomplishments related to career and personal interests.
"If you're a startup and say, ‘I'm backed by [venture capital firm] Sequoia,' they get this glint
(Reuters) - Groupon CEO Andrew Mason once thought of the hundreds of companies copying his business plan as plagiarists.
Now, he joked to a crowd of investors and analysts this week, he just thinks of them as the competition.
The 30-year-old executive's light touch belies the serious threat that Google, LivingSocial and any other company with a daily deals website poses to Groupon, which on Thursday filed to go public.
But it is also the sort of quip that helped Mason win
(Reuters) - Online radio company Pandora Media Inc. filed terms for $109.5 million IPO on Thursday, as it moves ahead with an offering that could tap into the recent investor enthusiasm for Internet stocks.
The company and its owners will sell 13.68 million shares at $7 to $9 apiece, according to an amended filing with the U.S. Securities and Exchange Commission. Pandora will sell 5 million of the shares.
At the mid-point of the proposed range, the offering would fetch $109.4 million, more than the $100 million the company had used as a preliminary amount in its first filing in February.
Pandora has raised about $65 million in venture capital since its founding in 2000, according to Thomson Reuters (publisher of peHUB). The Hearst Corp. and five VC firms now own 72% of the
(Reuters) - Struggling to wean herself off soft drinks, Kara Goldin inadvertently discovered her own bottled water business.
"I was drinking a ton of Diet Coke, vitamin waters, a lot of things that I thought were actually hydrating me, but were not," said Goldin, the 43-year-old founder and CEO of Hint, whose business started innocently with her adding fruits such as lemons, limes and raspberries to "boring" bottled water.
What began at her kitchen table six years ago as a way to get healthier has morphed into a serious business with 26 employees and millions in revenues.
(See video interview below.)
Hint, which was initially bootstrapped with $50,000 of Kara Goldin's personal savings, has raised more than $10 million in outside capital