Facebook’s possible Q1 2012 IPO could be worth more than $100 billion

By on June 13, 2011 at 4:31 PM.

Facebook’s possible Q1 2012 IPO could be worth more than $100 billion

According to CNBC, Facebook may go public during the first quarter of next year, and sources expect the company could be valued at more than $100 billion. Facebook could find an IPO more attractive once it surpasses a total of 500 investors, because after that milestone it will be required to file financial information with the SEC each quarter — otherwise known as the “500 rule” of the 1934 Securities and Exchange Act. CNBC said that Sheryl Sandberg, Facebook’s Chief Operating Officer, recently said that an IPO would be “the next thing that happens” and that such a move is “inevitable.” More →

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Groupon files for $750 million IPO

By on June 2, 2011 at 4:20 PM.

Groupon files for $750 million IPO

On Thursday, Groupon — the popular location-based coupon service — filed for an initial public offering with the Securities and Exchange Commission. The start-up, which alerts 83 million email subscribers in 43 different countries of local deals that range from restaurant discounts to sailing lessons, hopes to raise $750 million in its IPO. “Expect us to make ambitious bets on our future that distract us from our current business,” Andrew Mason, Groupon’s chief executive officer, said in a statement. “Some bets we’ll get right, and others we’ll get wrong, but we think it’s the only way to continuously build disruptive products,” Mason added. Groupon launched in November, 2007, has more than 7,000 employees, and reported $645 million in revenues during Q1 2011. Hit the break for a letter from Mason that was included with the company’s filing. More →

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Angry Birds creator Rovio sets 2-3 year goal for IPO

By on May 18, 2011 at 11:02 PM.

Angry Birds creator Rovio sets 2-3 year goal for IPO

Rovio Mobile, the firm behind the hit game Angry Birds, has set a goal to seek an initial public offering (IPO) sometime during the next 2-3 years, Reuters is reporting. The firm raised $42 million in Series A funding earlier this year, and its Angry Birds franchise has spread across multiple platforms including Android, iOS, webOS — and you can even play it in your web browser. As such, Rovio has increased its staff from 12 employees to 100 employees this year. “I see that this is only beneficial for us in terms of making the company more structured and more focused on creating it into a proper large organization, having grown from a company of 12,” Rovio’s CEO Mikael Hed said during the Reuters Global Technology Summit in Paris. In May, Rovio’s board chairman expressed interest in seeking an IPO in New York. More →

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Facebook and Google eyeing Skype joint venture, possible purchase

By on May 5, 2011 at 8:40 PM.

Facebook and Google eyeing Skype joint venture, possible purchase

Facebook and Google are in separate talks to enter joint ventures with Skype, Reuters reported on Thursday. Facebook’s CEO Mark Zuckerberg has also reportedly been in clandestine meetings discussing an all-out purchase of the VoIP service. Skype’s IPO, which is expected to occur later this year, could be worth $1 billion, however, deals with Facebook or Google could bring in as much as $3-$4 billion, Reuters said. Skype 5.0 launched in October of this year and added tight Facebook integration, but the social network has yet to include native video calling into its website or mobile applications. Google could benefit from Skype’s mobile technology to build out its Android video-chat feature, too, which just launched late last month. Neither company has offered a comment on the matter. More →

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Angry Birds developer Rovio sets sights on New York IPO

By on March 18, 2011 at 4:20 PM.

Angry Birds developer Rovio sets sights on New York IPO


It may soon be possible for you to own your own slice of the Angry Birds empire. Days after announcing $42 million in Series A funding, Rovio’s board chairman has expressed interest in seeking an initial public offering in the United States, according to statements made to Finnish business magazine Talouselama. “The plan is to seek an IPO in New York, but the specific timing and details are still open,” Ville Heijari, a Rovio spokesperson confirmed to Reuters in an email on Friday. Angry Birds has been a smash hit since its launch, and has boosted its fan base by issuing frequent seasonal updates across multiple platforms. More →

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Modu cancels IPO, braces for layoffs

By on November 18, 2010 at 2:00 PM.

Modu cancels IPO, braces for layoffs

From the brink of an IPO to the brink of mass layoffs, Modu appears to be in deep trouble. The Israel-based company, known for building very tiny, very quirky phones, has turned its back on a recent IPO attempt. According to Israeli financial paper Calcalist, there was simply no interest in the company. Instead, CEO Dov Moran said Modu would be forced to let go of most of its staff. “My heart hurts but [I] had no choice,” Moran told Calcalist. The company currently employs 130 people but only a few dozen will remain on board to sell the company’s current cell phone models. Moran did not state whether or not the company should release its recently-announced Modu W, a small Android-based device that uses Wi-Fi to make cheap VoIP calls rather than sending voice calls over cellular networks. More →

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NYT: Hulu planning an IPO?

By on August 16, 2010 at 7:27 AM.

NYT: Hulu planning an IPO?

The New York Times is reporting that streaming video site hulu.com is in talks with investment banks to go public as soon as this fall. The Times cites “people briefed on the matter,” and goes on to say that the IPO could “value the company at more than $2 billion.” Hulu is a joint venture of Rupert Murdoch’s News Corporation, the Walt Disney Company, NBC Universal, and a private equity firm. A recent change in comScore’s reporting methodology caused Hulu’s monthly viewership numbers to drop from 43.5 million in May to 24 million in June. Things aren’t all bad for the video service though; comScore did register that Hulu served up 556 million ads in June of this year, which outpaces all other video sites including YouTube. What do you think? If Hulu went public would you buy? Just another dot com destined for failure on Wall Street? More →

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Skype going public, files for IPO

By on August 9, 2010 at 1:01 PM.

Skype going public, files for IPO

We bet everyone out there is saying, “Finally.” And if so, we’re right along with you. Skype has just filed with the SEC for an IPO and will be listed on the NASDAQ stock exchange. In terms of revenue, Skype is reporting EBITDA of $115.8 million on $406.2 million in net revenue for the first six months of 2010. In 2009, however, the filed documents report a loss of $368.6 million on revenue of $718.9 million which is when Skype and eBay no longer shared sippy cups. More →

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Bloomberg: Facebook to postpone IPO until 2012

By on July 31, 2010 at 5:49 AM.

Bloomberg: Facebook to postpone IPO until 2012

Bloomberg is reporting that social network Facebook will postpone an IPO until 2012. Investors have been speculating that the world’s largest social network — valued at $24.9 billion — would go public sometime in 2011. Bloomberg writes, “Waiting lets Zuckerberg, 26, hone the skills needed to steer a company that issues quarterly results while facing criticism on such matters as user privacy.” Facebook declined to comment, and Zuckerberg himself said his company would offer an IPO, “when it makes sense.” People familiar with the company estimate that the social network would bring in as much as $1.4 billion in sales in 2010 alone. Would any of you jump on the Facebook IPO if given the opportunity? More →

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Electric car company Tesla raises over $226 million in IPO

By on June 29, 2010 at 9:31 PM.

Electric car company Tesla raises over $226 million in IPO

Tesla Motors

As of yesterday, no American car company had gone public since Henry Ford put his family business on the on the U.S. stock exchange back in 1956. Today, Tesla Motors (TSLA) — in an IPO — sold over 13.3 million shares of stock on the NASDAQ exchange totaling $226.1 million. The all-electric car maker’s mission is simply to “sell high performance, super efficient electric cars.” Tesla uses some pretty impressive technology to manage, store and harness the electric charge stored in the cars batteries. The company should have their first mass production model — The Model S — rolling off the assembly line this year. The company’s stock closed just south of $24. More →

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