Weibo went public on the Nasdaq under the symbol "WB" and opened just below the expected $17 but started trading 2 percent higher soon afterward.» Read More
April 16- Alibaba Group Holding Ltd's surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo Inc's shares, analysts said. Yahoo's shares, which have jumped 43 percent in the past year as CEO Marissa Mayer pushed ahead with her turnaround plan, were up 7 percent at $36.70 in premarket trading on Wednesday.
NEW YORK— Moelis& Co. priced its initial public offering at $25 per share, which was below expectations. The New York investment bank plans to offer 6.5 million shares to raise $162.5 million.
*Shares in Alibaba shareholders Yahoo, Softbank jump. SAN FRANCISCO, April 15- Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering.
HONG KONG, April 16- Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to file the prospectus for its U.S. initial public offering next week, sources said on Wednesday, moving closer to what could be the biggest-ever listing by a technology firm.
*Goldman Sachs and Morgan Stanley lead underwriters for offering. April 15- Moelis& Co's initial public offering has been priced at $25 per share- below its expected range- a market source said, valuing the independent investment bank at about $1.29 billion.
SAN FRANCISCO, April 15- Alibaba Group Holding Ltd accelerated revenue growth in the crucial fourth quarter, the company reported on Tuesday, a timely lift for the Chinese Internet company as it prepares for a highly anticipated public offering.
April 15- Moelis& Co's initial public offering has been priced at $25 per share, a market source said, valuing the independent investment bank at about $1.29 billion. The company's IPO raised about $162.5 million at that price, which was slightly below the expected price range of $26- $29 per share.
April 15- Associated Materials Group Inc, a maker of home-building products, said on Tuesday it had decided to withdraw its plans for an initial public offering. Last July, the company, owned by buyout firm Hellman& Friedman LLC, filed with the U.S. Securities and Exchange Commission for an IPO of up to $100 million.
SAN FRANCISCO, April 15- Yahoo Inc delivered modest revenue growth in the first quarter but its shares jumped on strong results from Alibaba Group Holding Ltd ahead of the Chinese e-commerce company's highly anticipated initial public offering. Shares of Yahoo were up roughly 8 percent to $36.90 in after hours trading on Tuesday.
CNBC's Jon Fortt and Jon Steinberg, BuzzFeed president & COO, discuss Yahoo's upgrade by Macquarie. The firm recommends buying Yahoo ahead of Alibaba's IPO.
US consumer prices up slightly in March; cheaper gasoline blunts impact of higher food costs Yellen says recent bank capital rules may need to be strengthened further to bolster banks Johnson& Johnson's Q1 profit rises 8 pct on lower spending, surge in prescription drug sales Coca-Cola sells more drinks but soda dips; profit declines 8 percent World stocks mostly down as Ukraine tensions bubble, doubts surface over China growth US builders' confidence rises but is limited by tight credit and shortages of labor and lots Zebra to spend $3.45 billion on Motorola's enterprise business in significant expansion Foreign holdings of US Treasury debt increase in February to record $5.89 trillion US retail sales jump 1.1 percent in March, best showing in 18 months, led by auto sales Hot IPO market may face cooler reception as stock swings make investors nervous
The IPO market may be cooling off. CNBC's Seema Mody reports 11 IPO's are scheduled to price this week, after 6 were delayed last week.
Auto financing company Ally Financial and hotel operator La Quinta Holdings had lukewarm receptions for their IPOs last week. La Quinta priced its shares at $17 each, lower than its expected range of $18 to $21, which suggested less demand. Ally, the largest IPO this year, priced its shares at $25 each, the bottom of its expected range of $25 to $28.
US stocks erase some of the ground lost last week as retail sales pick up; Citi gains Hot IPO market may face cooler reception as stock swings make investors nervous Chinese state companies by GlencoreXstrata copper mine in Peru for $5.85 billion Aspen Insurance rejects Endurance Specialty's offer to buy it for about $3.2 billion US retail sales jump 1.1 percent in March, best showing in 18 months, led by auto sales Google buys Titan Aerospace, maker of atmospheric satellites US businesses boosted stockpiles by 0.4 percent in February as sales rose sharply Netflix's payments to Comcast produce fastest video-streaming speeds in 17 months Asia's taxi-app wars heat up as Uber's big push into region meets local lookalikes TIAA-CREF reaches deal to acquire Nuveen Investments for $6.25 B including debt
HONG KONG— China's WH Group, which became the world's biggest pork company after buying Smithfield Foods of the U.S. last year, said Monday it plans to raise up to $5.3 billion in an initial public offering on the Hong Kong Stock Exchange.
WH Group and some of its shareholders launched an up to $5.3 billion initial public offering in Hong Kong last week, the second-biggest ever listing by a food and beverage company. Yang Zhijun, an executive director in charge of investment, merger and acquisitions and financing for WH Group, was issued another 245.6 million ordinary shares.
April 11- Ally Financial Inc wanted the U.S. government sell its entire 36.8 percent stake in the auto lender on Thursday, but the IPO market wouldn't cooperate so it had to settle for less.
Of the three, eatery chain Zoe's Kitchen had the largest gain. Shares of pasta chain Noodles& Co. are up 97 percent since the stock started trading at $18 in June. Zoe's Kitchen raised $87.5 million after pricing more than 5.8 million shares at $15 per share, at the middle of its expected range between $13 per share and $15 per share.
DETROIT— Shares of General Motors Co. sank to a 10- month low Friday amid continuing fallout from a mishandled recall of 2.6 million small cars. The stock fell $1.37, or 4.1 percent, to close at $31.93, with most of the decline in the middle of the afternoon.
CNBC's Bob Pisani reports several IPO's have been postponed, including Paycom Software, who is supposed to ring the closing bell today.