Twitter's IPO with shares closing 73% higher than the set range sent the company's valuation soaring to 24.4 billion dollars, however, after the first day frenzy, the microblogging site's shares sank down by 3%.
Micro-blogging site Twitter has been sued for 124 million dollars by two financial firms for allegedly organizing a failed private sale of its shares in an attempt to increase investor interest days before the company's initial public offering.
Seeking to avoid a repeat of Facebook Inc’s much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion.
Indian primary market has continued to remain dull in the first half of the current financial year. The overall mobilisation through initial public offerings (IPOs) in the H1FY14 stood at a mere Rs 1,050 crore.
Most retail investors want safety of their investments, especially in these troubled times. One of the ways in which they look for safety is through the price at which a share bought through an Initial Public Offer (IPO) trades in the market.
Sebi logoIndicating greater retail interest in IPOs, the average number of individual investors bidding for shares in a public offer has risen over three times to 1.17 lakh since various regulatory reforms came into effect last fiscal, shows an internal
Chrysler Group LLC filed paperwork on Monday for an initial public offering, a move that could delay Fiat SpA's efforts to take full ownership of the US automaker while enhancing the value of the stake held by a union trust fund.