Sabre shares inched up 7 percent on its first day of trading.» Read More
As China Securities Regulatory Commission orders underwriters to update application materials once again, there have been no new China listing applications published for the past eight weeks.
April 17- High-speed trading firm Virtu Financial Inc has not set a date to go to market with its initial public offering at this time, according to a person familiar with the matter. Shares of KCG Holdings, a firm that engages in electronic market making practices similar to Virtu, are down 16.7 percent since the beginning of April.
April 17- High-speed trading firm Virtu Financial Inc has indefinitely postponed its initial public offering plans, the Wall Street Journal reported, citing people familiar with the matter. The move comes as high-frequency trading is under intense scrutiny, following the release of author Michael Lewis' book "Flash Boys: A Wall Street Revolt".
NEW YORK— Two Chinese Internet companies, a sporting goods retailer and a travel software provider rose in their stock market debuts Thursday.
April 17- Companies looking to go public in the United States will have to temper their expectations as investors begin to question valuations in a crowded market. Sabre Corp, the airline ticketing technology provider that also owns online travel agency Travelocity, sold fewer shares than expected and priced them below the targeted range.
For the first time in several years, Europe's IPO market looks hotter than America's. It could last for some time.
April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth. That would make it the biggest internet company IPO since Facebook Inc's $16 billion IPO in 2012..
April 17- Shares of Sabre Corp, the airline ticketing technology provider that also owns online travel agency Travelocity, rose as much as 7 percent in their market debut after the company sold fewer shares than expected in its initial public offering and priced them below the targeted range.
CNBC's Jon Fortt and Jon Steinberg, BuzzFeed president & COO, discusses the IPO of Chinese microblogging service Weibo and break down competition and synergies in the social space.
An adjusted profit measure favored by the private equity industry— economic net income, which strips out charges tied to employee stock grants from Blackstone's 2007 initial public offering of stock— rose 30 percent to $813.9 million, or 70 cents per unit, from $628.3 million, or 55 cents per unit.
DALLAS— Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. Private-equity owners TPG and Silver Lake will keep about 80 percent of the company, which the IPO valued at around $4 billion.
CNBC's David Faber speaks with Weibo chairman Charles Chao, about Weibo's growth concerns and competition in the social space.
*Initially planned to sell 20 mln ADSs at $17- $19 each. April 17- China's Weibo Corp, a Twitter- like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.
Eileen Burbidge, partner at Passion Capital, says Weibo is trying to lower expectations with its IPO pricing due to poor results released on Wednesday and concerns about usage.
*Originally planned to sell 20 mln ADSs at $17- $19/ shr. April 16- China's Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service's slowing user growth and the country's highly censored media environment.
A recent change in market sentiment for social media stocks could be a challenge for Weibo in its trading debut, says Junheng Li, Head of Research at JL Warren Capital.
April 16- China's Weibo Corp priced its initial public offering at $17 per American Depositary Share at the bottom of its planned range, an underwriter told Reuters, valuing the microblogging service at $3.46 billion. The Twitter- like service, owned by web portal Sina Corp, sold 16.8 million American Depositary Shares in the offering, raising $285.6 million.
Rett Wallace, Co-Founder & CEO at Triton Research, says Weibo is a "very robust" company in terms of price despite market concerns about competition with Tencent.
NEW YORK— Online dating service Zoosk is filing for an initial public offering worth as much as $100 million. The San Francisco company wants to list its shares on the New York Stock Exchange under the symbol "ZSK." Zoosk lost $20.7 million in 2012 and pared its deficit to $2.6 million in 2013, while its revenue grew 63 percent to $178.2 million.
BofA Merrill Lynch, Citigroup and RBC Capital Markets are the underwriters to the IPO, the San Francisco- based company told the U.S. Securities and Exchange Commission in a preliminary prospectus. Zoosk is backed by venture capital firms including Canaan VIII LP, ATA Ventures and Bessemer Venture Partners.