“The initial excitement is wearing off and people are starting to see that this company isn’t worth anywhere near its current valuation,” says one analyst.
Waiting for Bankrate to price tonight. The Internet personal finance company (advice on mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes) is seeking to raise 20 million shares at $14-$16.
On the heels of LinkedIn’s successful initial public offering, many of Silicon Valley’s biggest investors are throwing millions in seed capital at a handful of startups looking to cash in on something called “crowd commerce,” where everything and everyone has a price.
Fifteen years is a lifetime in website years, and during that time Doug Lee, CEO of Ask.com, has seen it all.
Stocks closed broadly lower Wednesday as the dollar jumped following worries over the exacerbating Greek debt situation and after a handful of dismal economic news.
Stocks have given up all of Tuesday's gains midday on more concerns over the Greek debt crisis. While protests over government cutbacks continued in Athens, stocks dropped further as European markets closed and as the Euro weakened.
CNBC's Kate Kelly has the details on Pandora's debut today after pricing above its expected range.
The “Mad Money” host also explains what it means for J.C. Penney's future prospects.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
There are a number of smaller technology initial public offering currently in the pipeline including the online radio company Pandora, and may price at or above the top of its upward-revise range of $10 to $12 Tuesday after the bell when they make an official decision.
CNBC's Kate Kelly has the story on what the LinkedIn effect could mean for next generation IPOs.
One month ago I was sitting in a Las Vegas hotel listening to Matt Gohd of Revere Securities predict a ten percent decline in the market. This was a pretty contrarian call at the time. And it was dead on. A month later and here we are, down ten percent.
Initial public offerings have underperformed the market since the credit crisis began, so are they still the best way for businesses to raise money?
Biotech will grow over the long-term as more companies start-up in an attempt to solve diseases and other human conditions, Terry McGuire, co-founder and general partner of Polaris Venture Partners, told CNBC Wednesday.
It looks like LinkedIn may have crapped out.
“Groupon and the rest of the industry has grown so rapidly because, for the first time in history, merchants can leverage the Internet in scale,” says one analyst. “The deal commerce space is going to be massive.”
Will 'niche' sites replace the growing crop of social media sites? Closed communities are becoming more appealing, says Mo Koyfman, Spark Capital.
Helping individuals to make money is the next big trend for investing in online companies, according to one of the early investors in TweetDeck.
The "entrepreneurial surge" in new technologies is taking place all over the country, Alan Patricof, founder and managing director of Greycoft Partners, a media venture capitalist firm and one of the original investors in Apple, told CNBC Tuesday.
Independent ones have done the most to tap the medium, but major Wall Street firms are starting to jump in.