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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IPO roundup: who’s going public?

June 1, 2011

Latrobe Special: the metals and alloys manufacturer is looking to raise $175 mn in its IPO. Backed by the Watermill Group and Hicks Holdings, which holds 90.5 percent of the company, Latrobe’s market includes aerospace, defense, energy, hydrocarbon, medical and industrial steel. [Source: AltAssets]

Rexnord: this precision motion technology manufacturer is shooting for a $700 mn capital raise in its planned listing on the NYSE. The float follows two scrapped IPOs in the past five years. It’s backed by private equity firm Apollo. [Source: AltAssets]

Spirit Airlines: the air carrier raised $187.2 mn in its NASDAQ IPO last week, providing an exit for Indigo Partners and Oaktree Capital Management, which own 31.5 percent and 40.3 percent of the company, respectively. [Source: AltAssets]

Facebook hits new high on SharesPost

June 1, 2011

Private company trading platform SharesPost released the results of its latest Facebook auction last week. In something of a rebound from April, when the price fell to $32 from a March price of $34, the hot social media company’s shares have risen to $35. According to an email from SharesPost, the deal size reached at the May 26, 2011 auction was $3.5 mn, when 100,000 shares were traded.

The timing is certainly interesting: it’s the first SharesPost auction of Facebook shares following the successful LinkedIn IPO.

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By the numbers: a record-setting quarter for private equity exits

May 27, 2011

It’s time for private equity firms to collect. The second quarter of 2011 has been a good month for these institutions, with records for exits already falling.

Let’s take a quick look at the hot numbers from this scorching quarter:

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Five things you need to know about a possible Zynga IPO

May 26, 2011

Excitement from the LinkedIn IPO hasn’t even died down yet, and already rumors are swirling about a float by social gaming company Zynga. Tech blog AllThingsD reports that the company could file with the SEC as early as this week – and that it could dwarf the market cap attained by the B2B-focused social networking giant.

So it looks like another social media IPO is just around the corner. Here are the top five things you need to know about it:

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VC-Backed IPOs Outperform Market

March 28, 2011

Venture-backed companies outperformed the market by 4.2 percent over 500 trading days, according to research conducted by the European Private Equity and Venture Capital Association (EVCA). The study shows that VC-backed companies floated on the stock exchange ‘significantly outperform other IPOs’.

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