Hedge Funds: How to approach meetings with them

June 21, 2011

Are you afraid of hedge funds? Uncertain of whether they are worth your IR or executive team’s time? You need to register for this webinar from IR magazine.

The hedge fund landscape is changing rapidly, and the assumptions that worked a few years ago just aren’t as relevant today. These institutions could be a good source of capital for your company – even for the long term!

Click here to register for the IR magazine webinar, “How to approach meetings with hedge funds,” and learn how your company can access this capital source effectively.



Facebook falls in SharesPost trading

June 7, 2011

The latest auction in Facebook stock on SharesPost closed on June 6, 2011, according to SocialTimes. The company’s price slipped to $33.01 a share, down from its previous high of $35. Trading volume was much higher, though, surging to 280,000 in this auction. Only 100,000 shares changed hands in the May 26, 2011 auction.

Source: SocialTimes, syndicated from IR magazine

Ferragamo to follow in Prada’s footsteps

June 7, 2011

Do three listings make it a trend?

Yesterday, IR magazine noted that luxury brands Prada and Samsonsite are preparing for IPOs on the Hong Kong exchange. While it isn’t heading to Asia to do so, Italian fashion company Salvatore Ferragamo is stepping into the public markets.

Ferragamo is planning to offer 25 percent of the company, according to the Boston Globe, in an IPO on the Milan Stock Exchange later this month. The company’s value is estimated to be $3.28 bn.

Meanwhile, another fashion company, Moncler, has pulled its IPO in favor of a direct investment from Eurazeo, the French investment firm.

Source: Boston Globe, post syndicated from IR magazine

Photo: MJ/TR via Flickr

IPO market roundup: Bankrate, Prada and Vanguard Health Systems

June 6, 2011

Bankrate: the financial content company is looking to raise $300 mn in an IPO that would lead to a valuation of $1.5 bn. The price range for the 20 mn shares being offered is $14 to $16. [Source: Renaissance Capital]

Prada: the fashion company is set to go public in Hong Kong as early as next week, where it hopes to raise $2 bn to $2.6 bn. [Source: IPO Roadshow]

Vanguard Health Systems: the hospital operator could hit a valuation of $1.57 bn in an IPO expected to raise as much as $575 mn in capital. The price range is expected to be $21 to $23 a share and would provide a liquidity event for Blackstone Group, which controls the company. [Source: Reuters]

Moncler is one of 17 western European companies to yank or defer IPO

June 6, 2011

When Eurazeo offered to buy 45 percent of fashion company Moncler, it added to an existing trend on the continent this year. So far, 17 IPOs in western Europe have been canceled or pushed off, up from eight during the same period last year. Worldwide, the same thing is happening: 79 IPOs have been delayed or canceled this year, compared to 55 at this point a year ago.

Source: Bloomberg

Luxury IPOs coming to Hong Kong: Prada and Samsonite

June 6, 2011

Prada and Samsonite are set to go public in Hong Kong this month. The two luxury brands could raise more than $4 bn in total, with Prada aiming for $2 bn to $2.6 bn and Samsonite gunning for $1.5 bn in capital.

Read the rest of this entry »

Pandora seeks to be next billion-dollar IPO

June 3, 2011

Online music service Pandora has just priced its IPO, according to Business Insider. If the big number falls in the middle of its range, the company will reach a valuation of $1.3 bn, despite losing $1.7 mn on $137 mn in revenue in its last fiscal year.

This may seem like small money following LinkedIn’s $10 bn debut and a Groupon IPO that could start at a valuation of $20 bn. Nonetheless, it may help reinvigorate a relatively quiet IPO market.

Source: Business Insider