Morgan Stanley's Raj Dhanda tells CNBC's the IPO market is booming, but it's not for the inexperienced investor.» Read More
ZURICH/ FRANKFURT, Feb 4- Books in the stock market flotation of Swiss telecoms firm Sunrise will close on Feb. 4 at 1630 GMT, earlier than previously expected, two sources familiar with the matter said on Wednesday. "Books will close to new orders at 1730 Swiss time today," one of the sources said. On Tuesday, Reuters reported Sunrise, which is backed by European private...
Are hot IPOs like Shake Shack really a good buy or just hype? Peter Tanous crunches the numbers — and you might be surprised by the results.
Shake Shack is getting a lot of hype but Turney Duff, who knows a thing or two about eating and investing in burgers, says this stock is a "sell."
HONG KONG, Feb 2- Jack Ma, chairman of Chinese e-commerce giant Alibaba Group Holding, said on Monday he hoped the company's financial affiliate would list in Asia at some point, but that no decision on the timing or location had been made. Alibaba spun out Alipay, seen as a corporate crown jewel, in 2011. Its executives, including Ma, maintain control.
*Compensation bill may not be as big as initially foreseen. MADRID, Feb 2- The bill for compensating small investors that bought into Spanish lender Bankia's ill-fated share sale in 2011 should not be more than 500 million euros and will probably be split between the state and the bank, three sources familiar with the matter said on Monday. Bankia, created from the...
Alan Knuckman, chief options strategist at Bulls-Eye Options, discusses U.S. markets, including Shake Shack's IPO, global GDP data, China PMI data and the upcoming jobs report.
Jan 30- Shares of Shake Shack Inc more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can match top performers in the crowded "fast-casual" dining space. Other hot restaurant debuts have been followed by stock swoons, including Noodles& Co and sandwich maker Potbelly Corp.
Jan 30- Shares of Spark Therapeutics Inc more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug. The company's shares opened at $45.10 in their debut on Friday, nearly double their IPO price of $23, and soared to a high of $50 with...
Herb Greenberg, Partner, GVB Financial Research, discusses the Shake Shack IPO and says it's too early to tell how the company is going to do. They have everything in the right place, he says.
Danny Meyer, Union Square Hospitality Group, and Randy Garutti, Shake Shack CEO, discuss sourcing and what people are really looking for in the SHAK experience.
Danny Meyer, Union Square Hospitality Group, and Randy Garutti, Shake Shack CEO, discuss Shake Shack's public debut on the NYSE.
Shares of the hamburger chain surged more than 130% as it commenced trading on Friday.
CNBC's Squawk on the Street team discusses the Shake Shack IPO, which was initially priced at $21. The stock quickly jumped past $50/share.
CNBC.com took a market-cap weighted basket of burger stocks and found the index had double the returns of the S&P 500 for the last five years.
Jan 30- Alibaba Group Holding Ltd's financial services affiliate is planning an initial public offering that could take place next year, Bloomberg reported. Zhejiang Ant Small& Micro Financial Services Group, which contains Alibaba's Alipay payment processing and financial services arm, has an estimated value of about $50 billion, Bloomberg reported,...
Analysts had expected the price to fall within a range of $17 to $19 a share, up from the original forecast of $14 to $16 a share.
Jan 29- Growth-hungry investors snapped up shares offered by Shake Shack Inc, setting the stage for a sizzling debut for the New York- based burger chain when its stock starts trading on Friday. Shares of the company, which has won a cult following for its rich milkshakes and hormone- and antibiotic-free burgers, priced at $21 each, an underwriter said, valuing the...
Shake Shack has priced its IPO above range at $21 per share, reports CNBC's Dominic Chu.
The IPO market has been particularly fruitful recently for so-called fast-casual restaurant operators such as burger chain Habit Restaurants Inc and others that hope to replicate the sizzling growth of Chipotle Mexican Grill Inc.. Preliminary demand prompted Shake Shack to raise its expected IPO price to a range of $17 to $19 per share on Wednesday, from...
The sheer volume and pace of biotech offerings are causing some to question whether the sector is nearing the end of its years of buoyancy.