The 102-year-old car company General Motors (GM) is set to go public on Thursday after a government-forced bankruptcy and bailout in November 2008. The bailout cost taxpayers about $50 billion. Analysts estimate the stock price would need to hit $53 dollars before the government can recoup its investment. GM plans to sell about half-a-billion shares for $33 each in its IPO. The company stands to… → Read More
The third quarter IPO market is like looking at a Rorshach test: You can find data to support that liquidity is getting better or data to support that it’s getting worse.
Here’s the reality check: There is an increase in deals– a big increase if you look at the first nine months of the year and compare it to the first nine months of 2009. And the pipeline is building: 67 new companies entered… → Read More
Facebook CEO Mark Zuckerberg proclaimed to all that the social giant was not pursuing an IPO on a Facebook Questions page earlier today. TechCrunch web developer Ben Schaechter has an alternate take on Zuckerberg’s response, above, “I really don’t see how it could be any clearer. Really.” → Read More
A few trips to India ago, I wrote a piece on Deep Kalra of MakeMyTrip.com, an Indian online travel company that I guessed would be the first big Indian ecommerce IPO. Yesterday, the company made good on that—listing on Nasdaq and surging nearly 90%. It fell 5% today, but that’s not bad considering yesterday was the best one-day pop of any American IPO since 2007.
Does that mean a flood of… → Read More
After a better-than-expected pop on the first day of its IPO, Tesla’s stock (under the ticker symbol TSLA) started to slide a few days after. It is now hanging 7 percent below its initial pricing of $17, closing at $15.80 per share today.
Only a week on the market, Tesla’s stock has fluctuated greatly, trading at a high of $30.42 and dropping to a low of $14.98. While some hoped Tesla would… → Read More
With the Dow down more than 250 points, today is not the best day for an IPO. But Tesla shares are rallying after an initial scare. Tesla Motors rang the Nasdaq opening bell earlier this morning to commemorate its initial public offering under the ticker symbol TSLA The shares opened at $19, a 12% jump from its $17 pricing yesterday. But then they immediately dropped, dipping below $17.70… → Read More
One day before its scheduled IPO, Tesla Motors is increasing the allotment of shares that will be sold to the public from 11.1 million to 13.3 million, according to an amendment to its S1 filing. The additional shares are being sold by existing shareholders looking to cash out at the IPO, including Tesla founder and CEO Elon Musk who is selling an additional 909,212 of his personal shares. Other… → Read More
A decade ago, tech IPOs ruled the stock markets and Silicon Valley. They were the end-all and be-all for ambitious entrepreneurs and venture capitalists looking to become instant billionaires, or at least millionaires. That was many booms and busts ago. The IPO market never came back, and the multiple financial meltdowns which brought on Sarbanes-Oxley and other regulations made going public… → Read More
Electric car company Tesla Motors has filed for a $100 million IPO. There were rumors recently floating around that the company, which is led by PayPal co-founder Elon Musk, would go public “soon.” One interesting tidbit from the filing: Musk only takes $1 in yearly salary. → Read More
It’s been a long drought for IPOs, but venture capitalists and tech entrepreneurs are hopeful that 2010 will be the year they rain down on the Valley once gain. Earlier this year, a handful of IPOs trickled out, such as OpenTable, Rackspace, and A123Systems. But what people are really waiting for is another Netscape moment—an iconic IPO which will whet investor’s appetites and open the… → Read More
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
San Francisco
San Francisco, CA
