Steven Levy, Wired senior staff writer, discusses how far Google has come in the last decade and challenges they will face in the future. CNBC's Jon Fortt provides insight.» Read More
Shares of El Pollo Loco Holdings jumped in their trading debut, valuing the restaurant chain at more than $700 million.
*Shares open at $19, above IPO price of $15. July 25- Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their market debut as investors tucked into the offering, betting on the growing popularity of the restaurant chain's fire-grilled chicken.
July 25- Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their trading debut, valuing the restaurant chain at more than $700 million. The company raised $107.1 million after its initial public offering of 7.1 million shares were priced at $15 each, at the higher end of the range.
July 24- Shares of radio station operator Townsquare Media LLC fell as much as 7 percent in their market debut, valuing the company at about $172 million. The Greenwich, Connecticut- based company's IPO raised about $91.3 million, after its offering of 8.3 million Class A shares was priced at $11, below its expected price range of $14- $16.
HONG KONG, July 23- China shares finished little changed on Wednesday, a day when five companies began accepting subscriptions for initial public offerings, diverting some funds from existing stocks. The two largest listed players- CITIC Securities and Haitong Securities climbed 1 and 2.3 percent, respectively.
The political connections of investors raise questions about Alibaba as it prepares to go public in the U.S. The New York Times reports.
HONG KONG, July 21- China shares made a tepid start to a week that will feature the opening of subscriptions for a new batch of initial public offerings, sparking fears that sizable funds will be drawn away from existing stocks. China Eastern Airlines shed 1.3 percent after it warned late on Friday of a sharp profit decline in January-June from a year earlier.
*China railway sector rises on state support. *China airlines fall after another profit warning. HONG KONG, July 21- China shares held a soft tone on Monday, with investors preparing a sizable amount of money for upcoming initial public offerings, while Hong Kong was flat.
Catherine Yeung, Investment Director at Fidelity Worldwide Investment, says global investors still see China as the "big bad economy" and are deterred by the opaqueness of Beijing's reform agenda.
July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
JOHANNESBURG, July 18- South African pension manager Alexander Forbes priced its stock market listing in the middle of its marketed range on Friday, raising 3.7 billion rand in Africa's second-largest initial public offering this year. The pricing points to fairly strong demand when the company lists on the Johannesburg bourse next Thursday, a trader said.
July 18- General Electric Co's credit card unit, Synchrony Financial, said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest U.S. The offering of 125 million shares is expected to be priced at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
CNBC's Dominic Chu looks at who is initiating a public offering amid geopolitical risk.
The company raised about $71 million after pricing its initial public offering of 7.13 million shares at $10 per share, below the expected range of $13 and $15 per share.
July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the company at about $2.57 billion at the top end. The company's major customers include Pfizer Inc, Johnson& Johnson, GlaxoSmithKline Plc, Merck& Co Inc and Novartis AG.
July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.
July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the health technology company at about $2.57 billion at the top end. Catalent's IPO of 42.5 million shares is expected to raise about $935 million at the top end of the expected price range.
SEOUL, July 18- Line Corp, a Japan- based social messaging service firm, has filed for an initial public offering in the United States, Bloomberg news reported on Friday, citing unidentified sources. Line's parent company, South Korea's Naver Corp, said on Wednesday that Line had filed for an initial public offering in Tokyo.
SEOUL, July 18- Japan- based social messaging service firm Line Corp has filed for an initial public offering in the United States, Bloomberg news reported on Friday, citing unidentified sources. Line's parent company, South Korea's Naver Corp, said on Wednesday that Line had filed for an initial public offering in Tokyo.