Jackson Wong, Vice President of Tanrich Securities, says investors are concerned about the size of WH Group's initial public offering and whether its listing will provide an "exit for early investors."» Read More
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.
Re/code's Arik Hesseldahl looks at pricing of new IPOs in the cloud space.
Discussing how the slump in social media stocks will impact the IPO of Chinese microblogging service Weibo, with Leena Rao, Tech Crunch Senior Editor; Max Wolff, Citizen VC chief economist and strategist; and CNBC's Seema Mody.
Weibo is akin to a hybrid of Twitter and Facebook. CNBC's Seema Mody digs into the market conditions in which the Chinese microblogging service will publicly debut.
Michael Forman, Franklin Square CEO, discusses his firm's alternative investment approach and explains the size and scale of the company's portfolio.
Peter Kafka, Re/code senior editor, weighs in on Yahoo's quarterly earnings and shares his expectations for Alibaba's IPO debut. CNBC's Jon Fortt, discusses.
April 16- Yahoo Inc's shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue. At least nine brokerages raised their price targets on Yahoo's shares ahead of Alibaba's IPO filing, expected next week.
Ken Moelis, Moelis & Company founder and CEO, discusses the public debut of his company on the NYSE and explains his boutique investment banking model. "Clients will want the flexibility of an independent, unconflicted advisor," Moelis says.
CNBC's David Faber provides a preview of what to expect ahead of Alibaba's highly-anticipated public debut.
The "Squawk on the Street" news team discuss Yahoo's better-than-expected Q1 earnings report and Alibaba's expected IPO filing.
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.