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 [...]
Pandora lists in strong $2bn market debut October 5, 2010 Pandora, the Danish jeweller, made a strong debut in one of Europe’s largest bourse listings this year, worth up to $2.1bn (£1.3bn), as investors bought into prospects for its main product – charm bracelets. Analysts said Pandora’s high growth and strong margins made its initial public offering (IPO) attractive to investors hungry for new stock [...]
Shyamalan’s new fantasy is anything but fantastic August 12, 2010 Film THE LAST AIRBENDER Cert: PG ASTITLES go, “The Last Airbender” is more likely to induce guffaws than the awe and wonder intended. Not as many guffaws, though – for British audiences anyway – as the numerous times characters in the film refer to the mystical fraternity of, well, “benders”. To be honest, anyone who’s [...]
Facebook rules out an immediate float June 3, 2010 FACEBOOK chief executive Mark Zuckerberg yesterday said he had no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns. The world’s largest social network last week unveiled a set of features to give its nearly half-billion users better control over what data [...]
Facebook holds meetings with staff over privacy concerns May 13, 2010 FACEBOOK chief executive Mark Zuckerberg and other executives will meet with employees to discuss privacy practices of the world’s largest social networking website, as criticism grows about the way it treats its 400m users’ personal information. Facebook will not make any announcements about privacy changes at the meeting, said a source familiar with the situation [...]