Nick O'Donnell, partner for capital markets at Baker & McKenzie, explains that there's been an "explosion" in cross-border IPOs in the past year.» Read More
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expected the MLP to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly-traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expects the partnership to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
NEW YORK— Virgin America's next destination is Wall Street. Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. Virgin America carried 6.3 million passengers last year, less than one percent of the total passengers that flew on U.S. airlines.
Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
July 28- Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering U.S. airline market. Branson owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
July 28- Virgin America Inc, the low-cost airline partly owned by Sir Richard Branson, filed for an initial public offering of shares.
Cross-border initial public offerings doubled in volume and amount of capital raised over the same period last year.
CNBC's Seema Mody reports El Pollo Loco shares are surging on the fast casual restaurant's first day of trading.
*Facebook says SEC recommends no enforcement action. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC."
NEW YORK— Wall Street is still hungry for fast-casual restaurant chains. Others, including Zoe's Kitchen Inc., Potbelly Corp. and Noodles& Co., also climbed in their initial public offerings.
*Shares open at $19, above IPO price of $15. Shares of Zoe's Kitchen Inc, a Mediterranean-style chain, have nearly doubled since their debut in April on the back of strong demand for healthier food, a trend that has also boosted Chipotle Mexican Grill Inc's stock.
Steve Sather, El Pollo Loco CEO, discusses the fast casual restaurants performance since its IPO, quality of food and competition in the space.
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.
HONG KONG— Chinese pork giant WH Group is taking a second run at going public with a scaled-back share offering after abandoning its first IPO attempt because of sagging investor demand. WH Group originally planned to raise more than double that amount earlier this year but investors were turned off at a time when financial markets were turbulent.
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.
NEW YORK— Thousands of onetime investors in the Empire State Building can't sue over claims they were shortchanged by the deal that turned the iconic skyscraper into a public stock, a judge has ruled.
The political connections of investors raise questions about Alibaba as it prepares to go public in the U.S. The New York Times reports.