Fitbit share price opens 55 per cent higher on stock market debut June 18, 2015 Shares in fitness tracking technology maker Fitbit opened 55 per cent higher at $30.40 as it launched its initial public offering today. The company made its debut on the New York Stock Exchange this morning at $20 per share under the ticket FIT, raising $732m. It is now valued at more than $4.1bn. You can [...]
Old Mutual to raise up to $268m in sale June 17, 2015 OLD MUTUAL yesterday increased the size of a forthcoming selldown of shares in its US money management, which could net the group $268m. The UK listed group floated the US unit, Old Mutual Asset Management (OM Asset Management), in New York last October at $14 a share. Old Mutual said yesterday it would sell 13.3m [...]
Old Mutual to sell stake in US asset manager June 9, 2015 OLD MUTUAL is preparing to sell a further stake in OM Asset Management (OMAM), the boutique asset manager it spun off in a float on the New York Stock Exchange last year. The Anglo-South African investment, savings, insurance and banking group, which is listed on the FTSE 100, yesterday said it would use the proceeds [...]
Rakuten share price slumps again as $1.5bn share sale announced June 5, 2015 Shares in Japanese ecommerce giant Rakuten slumped for a second day on the Tokyo Stock Exchange after the company revealed a $1.5bn (£9.8m) share sale. Read more: Japans's ecommerce giant drives global rollout On Thursday Rakuten's share price tumbled over six per cent to its lowest level in two months following the announcement of the public [...]
Alibaba Pictures share price tumbles following $1.6bn placement June 4, 2015 Alibaba Pictures' share price has dropped over eight per cent on the Hong Kong Stock Exchange as it announced a massive share sale expected to raise at least HK$12.1bn ($1.6bn/£1.2bn). Read more: Alibaba will invest in Jackie Chan movies The company is a separately traded unit of the New York-listed ecommerce giant Alibaba, formed last year [...]
Fitbit has priced its shares for its IPO June 2, 2015 Exercise tracker startup Fitbit is pricing its shares at between $14 and $16 when it IPOs. The company behind the cult fitness device that measures an individual's activity, plans to offer nearly 22.4m shares from its Class A common stock, while shareholders are selling a further 7.5m of their Class B stock. Fitbit [...]
Entertainment One rejects claim it will move listing to New York May 31, 2015 ENTERTAINMENT One, the media company that makes the popular children’s programme Peppa Pig, has denied rumours that it is looking to move its stock market listing across the Atlantic to New York. The company spoke up yesterday, after reports emerged that it was considering shifting the stock exchange on which it is listed from the [...]
War of the wearables: Jawbone sues Fitbit ahead of IPO May 28, 2015 The war of the wearables has just been taken up a notch after two of the leading companies pioneering the technology have become involved in a legal dispute. Jawbone, the maker of the UP fitness tracker band, has filed a lawsuit in a California court alleging rival Fitbit, which also makes health tracking devices, stole [...]
Synergy shares slump amid concerns Steris deal will be blocked May 27, 2015 SHARES in the health outsourcing firm Synergy Healthcare saw sharp losses yesterday as reports circulated that US authorities were going to block its proposed takeover by Steris, a rival American company. The FTSE 250 company’s shares finished the trading day down 15.8 per cent, to 1,822p, having recovered slightly from the day’s low of 1,720p, [...]
Chrysler shares slide after GM merger rebuke May 25, 2015 SHARES in Fiat Chrysler slipped yesterday after reports a potential merger with General Motors (GM) has been rebuffed. The news follows an article in the New York Times which suggested Fiat Chrysler chief executive Sergio Marchionne had proposed a deal with GM in March, only for his counterpart, Mary Barra to flat out refuse such [...]