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Business IPO show Snapchat U.S. 

Snap shares wither more as filings show some investors bailing

August 14, 2017 NEW YORK (Reuters) – Snap Inc shares fell 4 percent on Monday after U.S. securities filings showed some funds dissolving their stakes in the social media company and another brokerage lowered its price target on the stock. Shares of the Snapchat parent are likely to face new pressure on Monday, when employees for the first time are allowed to sell their stock following the company’s blockbuster initial public offering. Monday is also the deadline for hedge funds and other institutional investors to report their quarter-end holdings of…

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bank Business Exclusive Goldman Sachs IPO Saudi Arabia 

Exclusive: Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role – sources

August 3, 2017 By Tom Arnold, Davide Barbuscia and Saeed Azhar DUBAI (Reuters) – Goldman Sachs has bought a slice of Saudi Aramco’s $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters. It is common practice in capital markets to first establish banking relationships through loan transactions which are then followed by other deals. Goldman purchased a portion of the $10 billion revolving credit facility Aramco signed with a number of banks in 2015. Two…

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Business IPO rates results Snapchat 

Wall Street braces for end of Snap share lockup

July 28, 2017 By Noel Randewich SAN FRANCISCO (Reuters) – A flood of Snap Inc shares held back since the Snapchat owner’s initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price. Starting on Monday and extending into August, early investors, employees and other insiders at the Snapchat owner can sell shares for the first time since its $3.4 billion March IPO, the third-largest ever for a U.S. tech company. That means the supply of stock on the…

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Business IPO media Morgan Stanley Wall Street 

Giving up the ghost: investors bail on Snap

July 12, 2017 By Anya George Tharakan and Lewis Krauskopf (Reuters) – Here one minute, gone the next. While that is the premise of Snap Inc’s popular messaging platform, investors also saw any gains from its red-hot IPO disappear when shares plunged far below their initial sale price on Tuesday. Morgan Stanley, a lead underwriter on the company’s initial public offering, slapped a price target of $16 on the stock – a buck below its March IPO price. Analyst Brian Nowak wrote in the note that “we have been wrong…

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Business IPO media U.S. Wall Street 

Snap shares fall below $17 IPO price for first time

July 10, 2017 (Reuters) – Snap Inc shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company’s growth potential as it faces fierce competition. The stock fell as low as $16.95 in late afternoon trading before closing at $16.99 on the New York Stock Exchange, down 1.1 percent. The Snapchat owner’s March market debut was the hottest U.S. technology listing in years. Earlier on Monday, Credit Suisse analysts cut their price target for Snap to…

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Business Drew Houston Exclusive Dropbox IPO service 

Exclusive: Dropbox seeks to hire IPO underwriters – sources

July 1, 2017 By Liana B. Baker and Lauren Hirsch (Reuters) – Data-sharing business Dropbox Inc is seeking to hire underwriters for an initial public offering that could come later this year, which would make it the biggest U.S. technology company to go public since Snap Inc , people familiar with the matter said on Friday. The IPO will be a key test of Dropbox’s worth after it was valued at almost $10 billion in a private fundraising round in 2014. Dropbox will begin interviewing investment banks in the coming…

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Blue Apron Business industry IPO Whole Foods Market 

Meal-kit maker Blue Apron slashes valuation expectations by a third

June 28, 2017 By Aparajita Saxena (Reuters) – Online meal-kit company Blue Apron Holdings slashed its valuation expectations by a third amid growing concerns about the potential impact from Amazon.com’s deal to buy Whole Foods . The company said on Wednesday it expects its IPO to be priced between $10 and $11 per share, down from its previous expectation of $15 to $17. The offering is expected to be priced later on Wednesday. The new pricing range implies a valuation of up to $2.08 billion, compared with $3.2 billion earlier….

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Bengaluru Editing DNA IPO singapore Tech Top News 

Genealogy website Ancestry.com files for confidential IPO

June 20, 2017 (Reuters) – Genealogy website Ancestry.com Inc on Monday said it had confidentially submitted a draft registration statement on a proposed initial public offering (IPO) to the U.S. Securities and Exchange Commission. The Lehi, Utah-based company did not disclose the number of shares to be offered and the price range for the proposed offering. The website helps people discover their history by tracing their family generations. It also provides personal DNA testing. Last May, Ancestry.com said in a statement that U.S. private equity fund Silver Lake and Singapore’s…

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Amazon Whole Foods IPO network Sruthi Shankar Tech Top News 

Blue Apron launches IPO roadshow under shadow of Amazon’s Whole Foods deal

June 19, 2017 By Lauren Hirsch and Sruthi Shankar (Reuters) – Blue Apron Holdings Inc began marketing an initial public offering (IPO) on Monday, as an already competitive meal-kit industry faces a potential threat from Amazon.com Inc’s plan to buy Whole Foods Market Inc. Blue Apron’s up to $510 million IPO will test whether the growth seen by the meal-kit industry’s greatest players will continue to whet investor appetite, even as costs to acquire new customers mount and possible new competitors with established distribution systems appear. Amazon, which said on…

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Angry Birds finland IPO media Tech Top News 

Angry Birds maker Rovio says IPO possible in future

June 16, 2017 HELSINKI (Reuters) – Finnish mobile game and animation studio Rovio, maker of the Angry Birds game, said it could list on the stock exchange in the future, while declining comment on a media report that China’s Tencent Holdings was looking to acquire the company. Technology news site The Information, citing unnamed sources, reported that Tencent was exploring a possible $3 billion bid for Rovio and also said Rovio may consider an IPO. “We and our shareholders regularly assess different alternatives to further develop Rovio,” the company said…

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