Finance

  • Alibaba Files For Massive IPO With 9-Month Revenue Of $6.51B

    Alibaba Files For Massive IPO With 9-Month Revenue Of $6.51B

    This afternoon Alibaba filed for its hotly anticipated IPO, detailing its recent financial performance, including revenue for the first nine months of its fiscal year 2013 of $6.51 billion and net income of $2.85 billion for the same period. Alibaba intends to sell around 12 percent of its shares, according to sources, which means that the IPO could bring in around $20 billion. That would… Read More

  • Twitter Tanks To New Record Lows As Hundreds Of Millions Of Its Shares Unlock

    Twitter Tanks To New Record Lows As Hundreds Of Millions Of Its Shares Unlock

    Today a massive quantity of Twitter stock unlocked, allowing shareholders in the firm that have long held stock in the social giant to sell their equity. The impact, perhaps as expected, is a bloodbath, with Twitter sinking more than 11 percent at the time of writing. Twitter is trading around the $34.40 mark, up slightly from a new record low of $34 that it set earlier today. It’s… Read More

  • Offerboard Is Here to Help You Raise Your Growth Round

    OfferBoard Brings Crowd Investment To Growth Capital

    The U.S. Platform Development Group has a pitch for companies looking for growth capital and the investment bankers that love them. The group launched OfferBoard, its new growth capital crowdfunding platform, onstage this afternoon during TechCrunch Disrupt NY. Using the Princeton, NJ-based company’s services, bankers and businesses can have an easier time reaching a broader base of… Read More

  • Don’t Trust Bitcoin Startups That Centralize Everything

    Don’t Trust Bitcoin Startups That Centralize Everything

    Peter Smith of Blockchain.info and Susan Athey of Stanford University took the stage at Disrupt NY to update everyone on the state of bitcoin. In the last few months, Mt.Gox collapsed, bitcoin has lost half of its value. Can bitcoin survive following the current reality check? According to our two experts, bitcoin as a whole is here to stay. But Mt.Gox may have shown us that there is a wrong… Read More

  • Kickstarter's Yancey Strickler on Opening the Funnel of Possibility

    “There Are Things That Are More Important Than Money,” Says Kickstarter CEO

    Yancey Strickler, co-founder and CEO of Kickstarter, has confirmed the crowdfunding platform will not be getting involved with crowd equity. Strickler was in conversation with TechCrunch’s John Biggs, here at TechCrunch Disrupt New York. Read More

  • With IPO Hopes Fading, Square And Box Face Reality Of Commodity Products

    With IPO Hopes Fading, Square And Box Face Reality Of Commodity Products

    Square and Box would seem to be the very epitome of every startup founder’s dream of reaching the pinnacle of entrepreneurial success. Take a kernel of an idea and turn it into a massive, multi-billion-dollar company that publicly debuts in an IPO. For the founders involved, the exhilaration and elation of that drive to the top must be deeply palpable, and at times it probably seems… Read More

  • Box Might Put Its IPO Back In The Box

    Box Might Put Its IPO Back In The Box

    Box was rumored to have filed to go public on January 31. On March 24, its S-1 dropped, showing the world quick revenue growth but stubborn and expanding losses. Today the Wall Street Journal reports that Box could go public in June, far later than the market previously anticipated. Quartz, citing sources, reported today that Box could go public around May 26. Read More

  • Twitter Shares Hit All-Time Low

    Twitter Shares Hit All-Time Low

    Following yesterday’s earnings, Twitter shares (NYSE:TWTR) have been tanking to an all-time low. This morning, shares opened at $37.66, or 11.6 percent below yesterday’s closing price of $42.62. Shortly after that, shares traded at $37.24, pushing the limit of Twitter’s all-time low a bit further. Shares are now trading at $38.10. Yet, the most surprising part is that the… Read More

  • Apple’s Massive Debt Offering Will Total $12B

    Apple’s Massive Debt Offering Will Total $12B

    Apple will raise $12 billion in debt, paying a 0.77 percent premium over Treasuries on the component 10-year notes. The offering will contain seven parts, with maturities ranging from three years to 30. Apple’s recently enlarged shareholder return program is not cheap. By raising a fresh $12 billion via bond issuance, Apple is not forced to bring home foreign cash reserves, a process… Read More