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]

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.

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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

Groupon files for IPO, sets valuation at whopping $20 bn!

June 2, 2011

If I were offered $6 bn, I probably wouldn’t say ‘no’. Then again, I’m not at the helm of online deals company Groupon. And in retrospect, the decision to decline billions and billions of dollars seems to have been a good one.

Groupon filed for its IPO and the valuation could reach bn. To put this in perspective, LinkedIn reached a market cap of around $10 bn at the height of trading on its first day as a public company, and that was at more than double the price at the opening bell.

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Why did UberMedia just get more money?

June 2, 2011

Betting on a social media application company right now might not seem like a smart move – especially in Twitter’s environment. Nonetheless, DLD Ventures (part of Burda Digital) just pumped $5.6 mn into UberMedia’s coffers.

Was this a really a good play?

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