ZURICH, July 12- Toshiba's Landis+ Gyr smart meters unit aims to raise up to 2.4 billion Swiss francs in an initial sale of shares as the Japanese company unloads the business to help cover losses at its bankrupt U.S. nuclear unit Westinghouse. The price range for the IPO was set at 70 francs to 82 francs per share, Landis+ Gyr said on Wednesday, with the transaction to...
"Our financial outlook for the company is one of continued losses," Northcoast Research analyst Chuck Cerankosky wrote.
Morgan Stanley, a lead underwriter on the company's initial public offering, slapped a price target of $16 on the stock- a buck below its March IPO price. Analyst Brian Nowak wrote in the note that "we have been wrong about Snap's ability to innovate and improve its ad product this year." The bank cut its rating to "equal-weight" from "outperform" and slashed its price...
Kevin Landis, CEO and CIO of Firsthand Capital Management, discusses the effect timing has on IPOs and what to look for before investing in a newly traded stock.
CNBC's Leslie Picker reports on how Snap's stock has drowned under a wave of downgrades since its IPO.
Prior to Amazon's announcement, Albertsons was reviving its IPO plans, which were initiated about two years ago, sources told Bloomberg.
CNBC's Mike Santoli reports on the seemingly downward trend for IPOs in 2017 and if other companies will suffer the same weak performance in early weeks similar to Blue Apron.
CEO Adam Neumann said last month that WeWork is generating $1 billion a year in revenue.
The company's shares closed below their initial public offering price of $17 for the first time on Monday, as investors become increasingly concerned about the Snap's ability to grow amid intense competition from the likes of Facebook Inc. Several of Snap's underwriters handed the stock "buy" ratings in March, although analysts not involved in the IPO had...
Snap shares were trading at $16.04, after closing below its $17 IPO price for the first time on Monday. Dipping below an IPO price is seen on Wall Street as a setback to be avoided by chief executives and their underwriters, but it is not uncommon for Silicon Valley companies. Snapchat has gained popularity among people under 30, but many on Wall Street have been...
Markets in Southeast Asia have raised nearly $5.4 billion in IPOs this year. Romaine Jackson of Dealogic weighs in on deals in the region.
Lotte Chemical Titan shares begin trading in Malaysia on July 11. David Riedel of Riedel Research Group says there could be some upside for the stock.
July 10- Snap Inc shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company's growth potential as it faces fierce competition. The stock fell as low as $16.95 in late afternoon trading before closing at $16.99 on the New York Stock Exchange, down 1.1 percent.
July 10- Snap Inc shares fell below their initial public offering price of $17 per share on Monday for the first time, highlighting a lack of confidence in the social media company, which faces fierce competition. The stock fell as low as $16.95 before closing at $16.99 on New York stock Exchange. But many on Wall Street are critical of its high valuation and slowing...
Shares have tumbled from their March 3 high.
CNBC's Leslie Picker reports on Blue Apron's weak performance since the stock's initial public offering.
The Abu Dhabi National Oil Company on Monday announced plans to publicly list parts of its business and seek new partnerships.
CNBC's Steve Sedgwick reports from the World Petroleum Conference in Istanbul, Turkey as Saudi Aramco aims for an IPO in 2018.
Does Saudi Arabia need the money? asks CNBC's Jim Cramer, talking about Saudi Aramco's inital public offering which is slated for 2018.
The world might be heading for an oil supply shortage, Saudi Aramco's chief executive said.