Word: ipos
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...YORK: Give Theglobe.com credit -- and about $700 million -- for having perfect timing. Three weeks after canceling its IPO because of market doldrums, the chat-heavy Internet portal took one look into Wall Street's newly refilled capital pool and went public Friday -- and struck it rich. Priced at $9, the stock peaked at $97 before settling in at $63 for a payday of some $691 million in market capitalization -- a record for Internet upstarts...
...Taking the plunge was a no-brainer. FORTUNE senior writer Andrew Serwer says Wednesday's IPO from EarthWeb practically screamed it: the Internet IPO feeding frenzy is back after two quiet months. Never mind that Theglobe.com admits in its prospectus that it plans to lose money "for the foreseeable future," or that the site's audience -- web surfers looking to build their own home pages -- doesn't make advertisers drool. Gentlemen, start your startups...
...help decide whether to commit money to it. But peer review is going to be tough, given that it's unlikely that any serious scientific journal will publish ACT's skimpy material as it stands. Nor will the market make anything out of it -- ACT has no IPO on the horizon...
...merge with retail houses, and mutual funds have been multiplying like rabbits. Everyone wants to serve the little guy, who these days may have $100,000 or more sitting in a 401(k) plan. Titans of finance haven't yet figured out how to sell you a fairly priced IPO, but there are enough of you out there to make the big boys bow in your direction...
...YORK: Sick of absorbing the consistent losses of its online division, Barnes & Noble.com, Barnes & Noble is spinning it off to a place where profits don't matter: the world of the Internet-stock IPO. As part of the whole, Barnes&Noble.com was dragging its parent into the red, losing $23 million in the recent second quarter. As a separate entity, though, the division can instantly join the club of Wall Street darlings -- Yahoo, Lycos, GeoCities and B&N archrival Amazon.com -- who rarely make any money but attract it in droves...