Facebook IPO may be delayed until June

By on April 24, 2012 at 7:45 PM.

Facebook IPO may be delayed until June

Due to a string of acquisitions and other business distractions, Facebook’s multi-billion dollar initial public offering that was rumored to be set for May 17th may be delayed until early or mid-June, according to CNBC. Facebook founder and CEO Mark Zuckerberg has not been preparing for the IPO, but instead has been more focused on running the business and making acquisitions. As a result, the social networking giant’s IPO date will reportedly be pushed back so the company has time to make the appropriate preparations. Facebook filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public in the coming months. Facebook’s IPO is expected to top Google’s $1.9 billion offering by a wide margin, making it the largest Internet IPO in history. Facebook’s shares will be listed on the NASDAQ exchange under the “FB” ticker symbol. More →

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Facebook’s record-setting IPO reportedly set for May 17th

By on April 19, 2012 at 9:05 AM.

Facebook’s record-setting IPO reportedly set for May 17th

Depending on whether the U.S. Securities and Exchange Commission approves the company’s paperwork, Facebook’s highly anticipated IPO could be coming on May 17th, TechCrunch reported on Thursday, citing multiple unnamed sources. Earlier reports have indicated that the social networking giant was aiming for a May offering and Facebook halted trading on the secondary market late last month. The company filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public, although TechCrunch’s sources believe it will be less. The largest Internet IPO to date was Google’s 2004 offering, which raised $1.9 billion. Facebook’s shares will reportedly be listed on the NASDAQ exchange under the “FB” ticker symbol. More →

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Facebook chooses NASDAQ for IPO

By on April 5, 2012 at 4:55 PM.

Facebook chooses NASDAQ for IPO

Facebook, the world’s largest social networking website, will join the likes of Apple and Google on the NASDAQ stock exchange after its initial public offering, The New York Times reported on Thursday. The publication cites unnamed sources with its report. The social network’s shares will be listed under the “FB” ticker symbol and are expected to go public some time next month. “It’s a high profile win for their listings business,” said Michael Adams, an analyst Sandler O’Neill. “In terms of earnings, the impact won’t be dramatic, but it’s something to be proud of.” The social networking giant filed with the U.S. Securities and Exchange Commission in February, and it could raise as much as $10 billion at a $100 billion valuation when it goes public. More →

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Apple weighting lowered in Nasdaq-100; Microsoft, Google raised

By on April 5, 2011 at 8:46 AM.

Apple weighting lowered in Nasdaq-100; Microsoft, Google raised

NASDAQ on Tuesday announced that it will adjust the weighing of several companies in the NASDAQ-100 index to better reflect their market capitalizations. The NASDAQ-100 index is comprised of the 100 biggest non-financial stocks on the NASDAQ exchange. The adjustment, which will take place on May 2nd, is the first of its kind since 1998. Apple will take the biggest hit as its weighting will be adjusted down from 20.46% of the the index to 12.33%. The Cupertino-based company’s representation on the NASDAQ-100 is currently six times that of the No. 2 company, Microsoft, which will see its weight doubled on May 2nd. A total of 82 stocks will be adjusted downward while 18 companies including Microsoft, Google, Intel, Cisco and Oracle will get larger shares. 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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Motorola DROID does Times Square on Black Friday

By on November 26, 2009 at 1:45 PM.

Motorola DROID does Times Square on Black Friday

droid-does-times-square

As part of its “DROID Does” advertising campaign, Verizon Wireless is teaming up with Google, Reuters and R/GA to take over Times Square in a promotion to showcase Google Voice search and the Motorola DROID, just like we reported previously. If you are in Manhattan for the craziness called Black Friday, stroll on down to Times Square and call 888-376-4336 to do a Google search by voice. Your query and local search results will then be displayed on either the Reuters sign or the NASDAQ sign for the world to see. Behind the scenes is a small farm of Motorola DROIDs that accept the incoming calls, process the Voice search and display the results on the big screens. Pretty cool! This promo has been up and running for a few select hours each day for the past few weeks but on Black Friday, the DROID will commandeer the displays for a full 20 hours. If you can’t be in NY on Friday, you can watch all the action via a streaming webcam feed. More →

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