Former President Donald Trump’s ’s social media startup whipsawed in its first session as a publicly traded company, after the most high-profile blank-check deal in years added billions to his fortune — at least on paper. Shares of Trump Media & Technology Group Corp. jumped nearly 59% on Tuesday and briefly triggered a volatility-related trading halt before paring gains. The merger with Digital World Acquisition Corp. to take the unprofitable company behind Truth Social public caps an eye-popping meme stock run, and provides a potential windfall for Trump as he faces a mounting series of legal and financial woes.
Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according to Reddit, and values the company at close to $6.5 billion. Reddit had planned to price the deal at $31 to $34 a share.
Reddit Inc. and its investors disclosed further details of what is set to be one of the year’s biggest initial public offerings in which they are seeking to raise as much as $748 million. The social media platform said in a filing Monday that it and its investors are planning to sell 22 million shares for $31 to $34 each. About 15.3 million those shares will be sold by the company and the rest by investors and Reddit employees.
Endeavor has set a share price of $24, the final step before the media conglomerate goes public on the New York Stock Exchange on Thursday. The company had previously announced that it would seek to raise about $511 million at a share price of $23-$24. The company will be listed on the exchange under the ticker symbol “EDR.”
DAZN, the online sports service that this year snatched the rights to screen Italy’s top-flight soccer league from Sky, is considering the possibility of going public as it chases further growth, its joint chief executive says.
Endeavor Group Holdings, owner of the Ultimate Fighting Championship, revived it plans to go public after a botched attempt in 2019 and named Tesla Inc CEO Elon Musk to its board.
Exclusives
The streaming service that has one half of 1% of Neflix’s subscriber base originally targeted a $150 million Wall Street haul.
An IPO using a special purpose acquisition company is reportedly one of the options being considered by the sports streaming service.
BERLIN (AP) — Teamviewer, the maker of the eponymous screen-sharing and conferencing software, has held the biggest initial public offering for a German tech company since the dot-com boom. Shares […]
Univision Communications is canceling a long-in-the works plan for an initial public offering, and it has replaced CFO Francisco Lopez-Balboa, a former Goldman Sachs banker who was hired three years ago to help the Spanish-language broadcaster with its IPO. He’s been replaced by Peter Lori who has been a deputy under Lopez-Balboa.
Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding worries about the social media company’s growth prior to its May 2012 initial public offering.
Roku founder and CEO Anthony Wood doesn’t fit the image of your typical tech mogul. In person, he comes across as quiet and introverted. But judging by the company’s first earnings report in November, he’s a bona fide billionaire, controlling just over a quarter of outstanding common stock for a company whose share price more than tripled since its September IPO.
The streaming music giant filed a confidential registration with the SEC in late December, with the intention of listing its shares in the first quarter of the year.
Shares of video streaming firm Roku Inc. rose more than 67% in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm. Roku ended trading on the Nasdaq with a share price of $23.50, giving it a market capitalization of about $2.23 billion.
Shares of Roku Inc., a Fox-backed video streaming firm, rose as much as 16.6% in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm.
Roku, the emerging tech player whose streaming technology has helped power the TV industry’s great re-bundling, is planning an initial public offering it hopes will raise more than $200 million. At that price, the company is valued at about $1.3 billion.
Video streaming player pioneer Roku listed a $100 million fundraising target in a Friday regulatory filing. But that figure is likely to change after its investment bankers gauge the demand for its initial public offering of stock. Like many young tech companies, Roku is still unprofitable. Last year, it lost nearly $43 million on $399 million in revenue. Since its 2002 inception, Roku has amassed $244 million in losses.
Altice USA moved quickly. The No. 4 cable operator plans to go public Thursday, it says, following following an IPO that prices its shares at $30 apiece. That makes the sale worth $1.92 billion.
Dow Closes Down 27, Nasdaq Climbs 44
Technology companies and banks helped drive stocks higher Monday. Tech companies have set the pace all year and are up more than twice as much as the rest of the market. Apple and Facebook, which will report their first-quarter results in the next few days, helped lead the way.
Shares of Snap Inc. jumped $7.58, or 44%, to close at $24.48 on Thursday. The company had priced its initial public offering of 200 million shares at $17 each on Wednesday. That was above the expected range of $14 to $16.
NEW YORK (AP) — The company behind Snapchat is trading sharply higher in its Wall Street debut. Snap Inc. jumped $7, or 41 percent, to $24 a share. It had […]
Snap Inc. passed its first major test on Wall Street on Wednesday as it priced its initial public offering of 200 million shares at $17 each. That is above the expected range of $14 to $16 and values the Los Angeles company at $24 billion. Snap’s IPO is one of the most anticipated for a technology company since Twitter’s stock market debut in 2013.
Vice CEO Shane Smith says the company will wait until its January board meeting to decide on the timing for an IPO. “I’m looking at all the options right now. The good news is we had a great year and we’re going to have a better year next year, so we decided to hold off until we could post our results.”
Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter.
Tipsters say that Univision Communications won’t conduct its public offering in 2016 as expected. Univision’s board is said to have met last week and decided that market conditions aren’t ideal.
Plans for Univision’s public offering have been back and forth for about a year now, but sources say the talk is now focused on a fall launch. Univision — backed by Saban Media Group, Providence Equity, TPG and Thomas H. Lee Partners — first announced plans to go public a year ago.
The initial public offering could raise as much as $1 billion, a team of Bloomberg writers reports, noting that the company is waiting for better market conditions to publicly sell its shares. Morgan Stanley, Goldman Sachs Group Inc. and Deutsche Bank AG are leading the offering.
CBS plans to use the same playbook for spinning off its radio division as it did for unloading its billboard business two years ago. “The primary course of action CBS Corporation is pursuing is to split CBS Radio off via an IPO,” the division’s president, Andre Fernandez, wrote Wednesday in a memo to employees.
The Wall Street Journal reports that Univision has postponed plans for a 2015 IPO due to the lackluster recent performance of media company stocks and a sluggish market for first-time share sales. WSJ subscribers can read the full story here.
Univision Communications’ owners were hoping that by mid-October, Wall Street would be cheering the company’s public stock offering that was expected to be one of the year’s biggest, with hopes of raising about $1 billion. They weren’t counting on a media stock meltdown, a retrenchment of the IPO market or a dust-up with Donald Trump.
More troubling than its battle with Donald Trump, the Spanish-language broadcaster is dealing with a mixed bag of concerns — the same faced by most TV-based media companies — as it decides to go public.
Univision, the biggest Spanish language broadcaster in the U.S., has filed for an IPO of Class A Common Stock with the Securities and Exchange Commission. The IPO has been valued at an initial $100 million, although this figure — used for calculating fees — is likely to rise. The filing is the first step toward the actual initial public offering later this year.
Univision’s private equity owners have been talking about cashing out for years. Now they’re taking their most concrete step yet — enlisting big banks to underwrite an IPO.
