Pandora IPO adviser gets referred to Danish police over disclosure failure August 16, 2011 THE IPO of jewellery maker Pandora came under further attack yesterday when the Danish financial market regulator referred one of its advisers to the police. Denmark’s Financial Supervisory Authority said Nordea Bank Denmark had failed to report the fact that it held a large financial position in Pandora prior to its flotation last October. Nordea [...]
Best to keep hold of those hard hats August 11, 2011 Hang on to those hard hats for a little bit longer. To the relief of all concerned in the financial markets, yesterday saw stocks rally in most parts of the world. But these are anything but safe times. In Europe rumours of some form of ban on short-selling, confirmed late last night, lifted stocks. Such [...]
Evolution’s turn in the bid spotlight August 3, 2011 Evolution chief executive Alex Snow, a former rugby player for Harlequins, is said to have been looking less than enthusiastic about things recently. Like others in the small cap market in the City he has been bemoaning a lack of corporate finance activity, including a dearth of share offerings (the IPO of Nat Rothschild’s Vallares, [...]
Pandora pain lands a fresh blow to IPOs August 2, 2011 JEWELLERY maker Pandora was deserted by investors yesterday just ten months after it listed as it admitted spiralling sales had caused it to rip up its profit forecasts for the year. Shares in Pandora, known for its charm bracelets, plunged a record 65 per cent after it said sales had slumped 30 per cent in [...]
Farmville creator Zynga set to file for $2bn float June 29, 2011 THE social gaming giant behind FarmVille plans to raise up to $2bn (£1.25bn) in an IPO and is expected to file paperwork with US regulators as soon as today. Sources close to the firm say it plans to float around 10 per cent of its shares, giving the company a market capitalisation of as much [...]
Pandora sees stock surge on its debut June 15, 2011 PANDORA yesterday became the latest technology IPO to set the markets on fire, climbing over 60 per cent during the day after pricing well above the top of its range. The music streaming service floated at $16 (£9.86) a share after naming a range of between $10-12, a price that had already been increased from [...]
IPOs for Groupon and Pandora January 16, 2011 Online coupon site Groupon and Internet radio company Pandora are moving ahead with plans for initial public offerings, according to sources familiar with the matter. Chicago-based Groupon is meeting with bankers to explore prospects for a “meaningfully-sized” IPO after a recent bid from Google Inc – reported at $6bn (£3.8bn) – fell apart, one source [...]
The rise of 3D January 9, 2011 STEVE DINNEEN REVIEWS THE MAJOR TRENDS THAT DOMINATED THE AGENDA AT THE CONSUMER ELECTRONICS SHOW THE technology world will remember 2011 as the year that 3D went mainstream. Every major electronics manufacturer made 3D the centre of their displays and its presence was ubiquitous throughout the show. Sony predicted 3D will become as accepted as [...]
TDC in $3.7bn share buyback December 9, 2010 THE private equity owners of Denmark’s TDC are banking up to $3.7bn (£2.3bn) through a share buyback and one of Europe’s biggest public offerings of 2010, as they start to cash in on their investment. Over a third of the former telecoms monopoly is being sold initially. TDC’s chief executive Henrik Poulsen said. Apax Partners, [...]
Private equity firms to sell a third of Denmark’s TDC December 9, 2010 THE FIVE private equity owners of Danish telecoms player TDC will bank up to £2.35bn from the sale of a third of the group through a share buyback and public offering. The partial exit of Apax Partners, Blackstone Group, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners effectively relaunches TDC on the Copenhagen bourse [...]