Items tagged with IPO

Spotify might be the biggest music streaming service out there right now, but that doesn't mean that it is turning a profit. Spotify has filed with the SEC to allow it to begin selling shares publicly via an IPO. Spotify will be listed on the NYSE and will use the ticker name "SPOT." The filing has shed some insight into what the company might be worth. According to the company, it has been selling shares on private markets for as much as $132.50 per share. That would indicate a value of over $23 billion based on the ordinary shares outstanding as of February 22 reports CNBC. We do know some specifics about Spotify already, with one key metric being subscribers. Spotify boasts 71 million paying... Read more...
Reports are going around that Softbank is intending to list the mobile phone unit SoftBank Corp. in Tokyo and abroad this year. Any potential public offering would be a massive money generator with some estimating that it could bring in 2 trillion yen, which is about $18 billion. SoftBank has the potential to be one of the largest ever IPOs for a Japanese company. SoftBank reportedly intended to apply to the Tokyo Stock Exchange as early as this Spring and to begin trading this fall. While the company starts trading on the Tokyo Stock Exchange, the company also hopes to list stock overseas, possibly in London, at the same time. Reports indicate that SoftBank Group plans to sell about 30% of outstanding... Read more...
We’ve been covering technology here at HotHardware for close to two decades, and although we’re pretty well seasoned, last week we got to experience something new – we participated in a company’s initial public offering on the New York Stock Exchange. Aquantia (NYSE:AQ), makers of multi-Gigabit networking technology, went public on Friday and Marco was the sole tech journalist allowed to tag along.We first covered a couple of Aquantia’s products earlier this year – the AQN-107 and AQN-108 multi-Gigabit add-in boards. But since then the company has scored numerous design wins and their chips have found their way onto enthusiast motherboards, and into gaming notebooks and multi-Gigabit network... Read more...
Roku has been one of the leading makers of streaming set top boxes for a long time now and it has some serious competition in the market. Those competitors include Amazon and Apple and that competition will only grow. A rumor is making the rounds that an Apple TV supporting 4K HDR is set to debut alongside the iPhone 8. One of the things that Roku needs to compete in the market is money and to get that cash, Roku has applied for an initial public offering (IPO). The company has stated that it applied to list Class A common stock on Nasdaq and wants to use the ticker symbol "ROKU". This is a big move for Roku, but some key details about the IPO are a mystery right now. Details that we don't know... Read more...
Razer may be well known in the gaming enthusiast community for its gaming notebooks and PC accessories, but the company is looking to branch beyond the PC business. According to a recent report, Razer is looking to get into the red-hot smartphone business. While smartphones can be incredibly lucrative for well-entrenched players like Samsung and Apple, the market is an incredibly tough nut to crack for new players. Razer itself has no prior experience in the smartphone market, however, it did purchase Nextbit earlier this year for an undisclosed sum. Nextbit launched a successful Kickstarter campaign for it cloud-centric Robin smartphone, but Razer ceased sales of the device when it purchased... Read more...
GoDaddy, the the world's largest ICANN-accredited Internet domain registrar with more than 59 million domain names under its management, has filed for an initial public offering (IPO) of at least 22 million shares expected to be priced between $17 and $19 a pop. On the higher end, that would value the company at $2.87 billion, far less than the $4.5 billion figure that was being through around several months ago. That would also raise up to $418 million, the net worth of the 22 million Class A shares, or potentially more if the underwriters of the IPO decide to buy more shares. The total number that could be up for grabs is 25.3 million shares -- at $19 each, GoDaddy's IPO would fetch $480.7... Read more...
GoDaddy, the world's largest domain name registrar with 14 facilities spread across the world, is reportedly planning an initial public offering (IPO) next year and is seeking a valuation of $4.5 billion. The paperwork for the IPO was filed by GoDaddy Chief Financial Officers (CFO) Scot Wagner back in June, and he met with analysts a week ago to provide an update.According to a report in the New York Post, GoDaddy is backed by buyout bigwigs KKR and Silver Lake, the latter of which is the same one that helped Michael Dell buy back the computer company he founded and take it private.Part of the reason why GoDaddy wants an IPO is because it will provide the company an opportunity to diversify and... Read more...
King Digital Entertainment makes highly addictive games including “Candy Crush Saga”, “Pet Rescue Saga”, and “Farm Heroes Saga”, and enough of us became sufficiently engaged that the company has filed for an IPO. The numbers are certainly impressive: Four of King’s top five titles generate 3 million, 5 million, 8 million, and 15 million daily active users, respectively. The big fish, Candy Crush, has 93 million daily active users and just over a billion daily gameplays. The company has not been without controversy, however; in addition to the fact that some of its games resemble other games in the market, King has somehow trademarked the word “Candy”--meaning... Read more...
Alongside Yelp, Facebook, Groupon, and LinkedIn, the world is welcoming yet another social behemoth onto the public trading floor today. Twitter, the microblogging service that evolved from a place to tell people about what you were eating for lunch into a place where news is broken, is now a publicly traded company. It's IPO went live today, and while major banks were able to get a chunk at the ~$20 mark, the masses are already being asked to pay upwards of $45 per share under symbol TWTR. Of course, it's irresponsible to consider the numbers that insider banks get compared to the laypeople relying on eTrade and ShareBuilder to make transactions, but the raw figures put the stock up around 70%... Read more...
By the end of the week, there's a good chance Twitter will be a publicly traded company on the New York Stock Exchange (NYSE). Twitter's bigwigs are targeting Thursday, and barring any surprises, it will go down as the biggest tech IPO since Facebook, making several people very wealthy over night. However, it's what happens to Twitter after going public that's of interest here. Twitter recently overtook Facebook as the most popular social network among teens in terms of which one has a bigger influence on buying habits and trends. That's not to say Facebook is losing users -- it's not -- but teens are definitely adding alternative services to their growing social portfolios, starting with Twitter,... Read more...
At long last, Twitter is close to being traded on the stock market (New York Stock Exchange), and according to a filing with the Securities and Exchange Commission (SEC), owners plan to offer up 70 million shares for $17 to $20 each for its initial public offering (IPO). The company hopes to raise $1.4 billion, which is well short of Facebook's $16 billion IPO in 2012, but still the largest technology IPO since then. Outside of immediate value, there are other differences between Twitter and Facebook going public. According to Bloomberg, the biggest shareholders, including co-founder Evan Williams who owns a greater than 10 percent stake worth around $1 billion, plan to keep their shares after... Read more...
Twitter has filed paperwork for an Initial Public Offering (IPO) and there are some staggering numbers for potential investors to consider. The ones Twitter hopes they'll focus on the most are the figures detailing its revenue growth over the past few years. For example, Twitter's revenue in 2012 was $316.9 million, triple the amount from a year prior. And in the first half of 2013, Twitter posted revenue of $253.6 million. Pretty gnarly, right? Well, the flip side is that all that revenue is still adding up to a net loss. Despite pulling in $253.6 million so far this year, Twitter posted a loss of $69.3 million. Twitter is hoping potential investors will ignore the losses and focus on its ability... Read more...
Another week, another tech-related IPO. While Facebook's stock has been on a long, mostly downward ride since its IPO, it recently surged past its initial offering price. Soon after, its archrival in the social networking space has decided to pull the trigger as well. Recently valued at over $10 billion, Twitter has announced today that it has filed paperwork for an IPO, and if all goes well, it'll be traded on the public market in the near future. Goldman Sachs is backing the IPO, and it's pretty clear that this company is going to be a hot one once it goes up for sale. Twitter team shortly after the IPO announcement. Twitter began as a niche service that only nerds would think of using, and... Read more...
Who knew a game in which you line up candy would catapult its developer into the big leagues? A tiny, London-based software known as King (and, also as Midasplayer International) is in the early stages of preparing for a U.S. IPO. The company has already hired banks in the U.S. to prepare for the public offering. Candy Crush for Android. Although Candy Crush Saga isn’t King’s only game, it’s probably the company’s most popular one. If you haven’t tried the Candy Crush Saga before, that’s easily remedied: the game is available for Android and iOS devices and Facebook and it’s free to play. (Of course, there are in-game purchases you can make.) If you’re... Read more...
Wall Street's going to be busy today as some 800 million Facebook shares held by insiders become eligible to trade, completely free of previous lock-up provisions. This isn't the first wave of restricted Facebook stock to be freed up -- Facebook Chief Operating Officer Sheryl Sandberg has already offloaded more than $11 million worth of previously restricted shares, and so have a few other executives -- but it's by far the biggest wave. All eyes are on Facebook today to see how many shares change hands. Despite the drop in overall value compared to Facebook's $38 IPO price, the stock is still valuable and will make a lot of people rich. NASDAQ's trading hours kicked off an hour ago, and already... Read more...
Zynga, the online gaming company responsible for Farmville and other Facebook games that once littered your social networking wall with dorky updates, is the latest tech company to file for a ridiculously large IPO. How large, you ask? Just in case you thought that's a typo in the title, it's not; Zynga really and truly expects to raise $1 billion. Don't be surprised if it does. Citing people briefed on the matter, the New York Times is reporting that Zynga will likely offer up 10 percent of its shares at a valuation near or above $20 billion. Morgan Stanley will lead the offering, with Goldman Sachs, JPMorgan Chase, Bank of America Merill Lynch, Allen & Company, and Barclays Capital also... Read more...
Recently, it was reported that the founders of Skype, Niklas Zennstrom and Janus Friis, were attempting to buy the company back from eBay. They can forget about that, however. eBay announced on Tuesday it will spin off Skype into its own company, beginning with an IPO in the first half of 2010. They said, however, that: Specific timing of the IPO will be based on market conditions. Translation: still in a recession? No IPO. This news comes a day after eBay sold StumbleUpon back to its founders. In that case, since eBay seems ready to divest itself of subsidiaries that it feels have "limited synergies with eBay and PayPal," which is exactly what the company said about StumbleUpon, why "no sale?"... Read more...
Tuesdays are typically the day the Apple reserves to make big announcements, and today was such a day for Apple. Steve Jobs took to the stage Yerba Buena Center in San Francisco to announce a number of new iPod-related products and new iTunes features. Apple billed the press event as "Let's Rock." Here's what's new: iTunes will start offering some TV shows in HD format for $2.99 (SD shows stay at $1.99).NBC is coming back to iTunes. Which means shows such as The Office, 30 Rock, and Battlestar Galactica will be available for download from iTunes once again. And they will be available in HD.iTunes 8 was also just officially announced. It adds a new feature called "Genius," which automatically... Read more...
According to retailer reports, an almost certain iPod line revamp is coming in September. That seems pretty likely, as Apple seems to favor September for iPod launches. At the same time, reports of actual iPod nano details have arisen. Mid-week reports arose of retailers such as Target showing current models of iPods as discontinued when scanned through their PDAs. Finally Lehman Brothers analyst Ben Reitzes restated his claim that the iPod Touch needs a repositioning (it clearly does, with the new subsidized iPhone 3G pricing): "We continue to believe Apple will need to reposition the iPod touch line in conjunction with its anticipated new product announcement in early to mid-September now that... Read more...
If an Apple patent application that started making the rounds yesterday is any indication, a future version of the iPod or iPhone might be able to remotely access the entire iTunes media library sitting on your computer at home via a Wi-Fi or wireless telephone connection. Instead of having to carefully pick and choose what subset of your media you will carry with you on your device (because of its limited storage capacity), you'll have instant access to all of your media--that is, assuming your device has an active Internet connection and you remembered to leave your computer on. Before we dive into the details, here is the high-level description of the technology as it appears in the Abstract... Read more...
Demetrios Leontaris knows more about your iPod than Steve Jobs ever will. He cruises around New York City, using his car as his mobile office/workshop, and fixes whatever ails your little Apple wonders, generally right on the spot for a flat $70 fee. He's not alone either; Fortune identifies at least half a dozen iPod repair services in NYC alone. There are 150 million iPods out there, and Apple really isn't all that interested in fixing them -- they want to sell you another one. Apple does some repairs under its warranty program - but not if the damage is the customer's fault. "If you are Apple," says Michael Gartenberg, vice president and research director for Jupiter Research, "your ideal... Read more...
Starting today, a select few United Airlines customers will be able to plug their iPods and iPhones into their flight's in-flight entertainment (IFE) systems and watch the content from their own devices on the seatback's 15.4-inch displays--and their iPods and iPhones will also charge while doing it. Using IFE systems developed by Panasonic Avionics, "United is the first U.S. carrier to offer iPod and iPhone connectivity to its in-flight entertainment system." As we reported last month, Singapore Airlines was the first air carrier to offer iPod and iPhone connectivity on five of its Airbus A340-500 planes. Singapore Airlines is also using IFE systems from Panasonic Avionics. The IFE systems connect... Read more...
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