LinkedIn today set more details for its upcoming initial public offering. The company is planning to offer 7.84 million shares at $32 to $35 each.
The professional networking site has more than 94.49 million shares outstanding, according to its latest filing with the Securities and Exchange Commission. Reid Hoffman, LinkedIn's co-founder and chairman, will own 21.7 percent of outstanding shares.
With a price range set, LinkedIn's IPO is nearing a launch.
Read more of " LinkedIn sets price range for IPO, $32 to $35" at ZDNet's Between the Lines.
Yelp CEO Jeremy Stoppelman said an initial public offering "is back on the table," according to an interview in The Wall Street Journal published today.
Stoppelman stopped short of saying when the user-generated reviews site would file with the U.S. Securities and Exchange Commission to start the process of going public, but he did say that his company is currently looking for a chief financial officer to help it achieve its goal, according to the Journal story.
Enterprise storage company Fusion-io--whose largest customer is Facebook--filed today for an initial public offering, but the financials reveal an outfit that's still a work in progress.
For the six months that ended December 31, Fusion-io reported a net loss of $8.24 million on revenue of $58.3 million. For the same period a year earlier, Fusion-io reported a net loss of $13.2 million on revenue of $11.93 million. Those results show a lot of growth, but relative to other tech companies that are planning to go public--Skype and LinkedIn, for example--Fusion-io looks a little green. Still, … Read more
Internet radio company Pandora filed a registration statement this afternoon to go public, according to a release. The number of shares to be issued and pricing information has not yet been determined, but the underwriters of the IPO are investment banks Morgan Stanley & Co. and J.P. Morgan Securities.
The wildly popular Pandora, which uses a "music genome" algorithm to create custom radio stations based on a single song or artist and offers paid subscriptions as well as a free, ad-supported version and a suite of popular mobile apps, has had a spectacular rise as well as … Read more
Links from Friday's episode of Loaded:
The Internet goes nearly silent in Egypt during widespread violent political protests
News Corp. announces plans to launch The Daily, its iPad-only publication
Gmail offers a new feature to give you a pop-up every time you get an e-mail or an instant message
The new version of Skype for Mac has a group chatting option
Hulu may be planning to rebrand itself as the Internet's cable channel
Apple may be prepping to launch a new lineup of MacBook Pros
LinkedIn has filed for an IPO
LinkedIn has formally announced its plans to go public through the filing of an S-1 form with the U.S. Securities and Exchange Commission this afternoon, making it the first time that the business networking site has turned over many of the detailed facts about its financial operations.
"We believe we are transforming the way people work by connecting talent with opportunity at massive scale," LinkedIn explained in its filing. "Our goal is to provide a global platform capable of mapping every professional's experience, skills, and other relevant professional data to his or her professional graph, … Read more
A massive banner with the logo of digital content company Demand Media was hanging on the front of the New York Stock Exchange this week to commemorate the Santa Monica, Calif.-based company's initial public offering on Tuesday.
It was the first venture-backed IPO of 2011, and it performed better than expected: Analysts projected an initial price of $14 to $16 per share, which Demand ultimately beat at $17 per share. When markets closed yesterday--Demand's first full day of trading--shares were at $22.65, a jump of one-third.
There had been many skeptics about Demand's success on … Read more
When Demand Media holds its initial public offering tomorrow, it'll be the first venture-backed IPO of 2011 and, though relatively small by Wall Street's standards, the most talked-about technology IPO in quite some time. That'll happen in this peculiar era of tech-industry financials, when the the big trend has been to prolong an IPO in favor of less restrictive private-market trading activity.
But that's not what everyone's talking about with Demand--nor is the $179.4 million in revenue it reported in the first nine months of 2010 (an operating loss of $6.4 million), nor … Read more
Demand Media is set to go public, according to an amended filing with the Securities and Exchange Commission, with shares priced from $14 to $16 each.
The online publisher could sell up to 8.625 million shares and, if it prices at the top of the range, it could be worth about $1.3 billion and raise $138 million.
That includes 4.5 million shares from the company, 3 million shares from existing shareholders, and another 1.125 million shares that its underwriters have an option to sell.
Demand will net $58.1 million if the IPO price is $15.… Read more