London IPOs: Second time round it’s a buyer’s market – Bottom Line August 31, 2014 And so it begins. The window for new listings on the London stock market unofficially opens again today after the summer lull and bankers will hope to rekindle the spirit that gripped the City earlier this year. But omens are not so good this time round. Things were different back then. Pent up demand from [...]
Alibaba to set IPO wheels in motion as soon as 8 September August 30, 2014 Alibaba's initial public offering to investors could be just over a week away, with the Chinese ecommerce giant expected to launch its IPO as early as the week of 8 September. In what many are predicting will be the largest IPO in history, Alibaba could raise over $20bn (£120bn) when it lists on the New York [...]
Alibaba profits almost triple as it approaches IPO August 27, 2014 Chinese ecommerce giant Alibaba has almost tripled profits in the three months to the end of June. The company, which is thought to be gearing up to float on the New York Stock Exchange in the next few weeks, filed papers with the US Securities and Exchange Commission showing profits jumped to 12.34bn yuan (£1.2bn), [...]
All hail the return of the IPO as London Stock Exchange Group reports profit increase August 22, 2014 The London Stock Exchange Group (LSE) has reported a 16 per cent increase in adjusted income to £323.9m for the three months ended 30 June 2014, with the company hailing a resurgence in the initial public offering (IPO) market. In results which the group said showed "strong financial performance", it also reported a 20 per [...]
Google shares up 1,000 per cent a decade after IPO August 19, 2014 A decade ago yesterday, just three years after the dot-com crash, a Silicon Valley search startup called Google debuted on the Nasdaq for $85 a share. Shares, priced at the low end of Google’s $85 to $95 range, jumped 18 per cent during the first day of trading to $100.34, valuing the company at over [...]
Zoopla enjoys record traffic after IPO debut August 14, 2014 ONLINE property giant Zoopla said yesterday that it saw traffic to its websites and apps jump by one-third in its first trading update since its £900m stock market float in June. The company, owner of PrimeLocation, SmartNewHomes and HomesOverseas, said it had an average of 45.5m monthly visits in the four months to 31 July, [...]
Brit Insurance profits dive after IPO costs eat into earnings August 13, 2014 Brit Insurance group reported an 18 per cent slump in the first-half profits yesterday, led lower by costs related to its initial public offering (IPO) this year. The Lloyd’s of London insurer which specialises in casualty, property and energy insurance, said profits for the first half of 2014 were down to £62m, compared to £75m [...]
Dan Wagner gets his post Daffy-gate ducks in a row with ATTRAQT IPO August 13, 2014 Dan Wagner must really hate Daffy Duck. His decision to wear a waistcoat decorated with the cartoon character, to a media call before his last IPO 20 years ago, has haunted him ever since. But hopefully, when he takes tech firm ATTRAQT public on Aim on 19 August (his first IPO since Daffy-gate) he’ll be [...]
Allianz manager reveals true cost of IPO paper bulge – 37 pine trees so far this year August 11, 2014 The flurry of IPOs this year has caused many to marvel at the resurgence of the listings market, but one Allianz fund manager has been bamboozled by something more obscure – the sheer amount of paper wasted by IPO research reports. “My colleague Matt Hall has kept copies of all the IPO research reports [...]
SSP share price rises as travel giant delivers jump in sales following IPO August 8, 2014 Food concessions giant SSP posted a 3.5 per cent rise in quarterly sales yesterday in its first set of results since floating last month. The group, which owns Upper Crust and also runs travel outlets for retailers such as Marks & Spencer and Starbucks, said like-for-like sales rose by 3.3 per cent in the three [...]