What Tech Pros Think About Facebook Now

May 17, 2013, 12:32 pm EDT
What Tech Pros Think About Facebook Now

Tomorrow is the one-year anniversary for the Facebook (FB) IPO … though many investors might not want to remember it.

Shares are down about 31% in that time, compared to a 19% gain for the Dow Jones Industrial Average and a 22% jump in the S&P 500. That’s right — you would’ve done better plunking your money into humdrum companies like General Electric (GE) or Clorox (CLX).

That isn’t to say Facebook has been a completely lost cause. The company has gotten back on track to some extent, improving its revenues last quarter by 36% thanks to an improved focus on monetizing mobile, which went from nothing to 30% of revenues during the past 12 months. Read 

Tableau IPO Bounds Into the Stratosphere

May 17, 2013, 12:19 pm EDT
Tableau IPO Bounds Into the Stratosphere

Tableau Software (DATA), which provides software for analyzing trends and data, might not be a household name, but it certainly caught the eyes of Wall Street on Friday.

Ahead of today’s initial public offering, Tableau boosted its transaction from a range of $23 to $26 to a range of $28 to $30, and also increased the number of shares issued from 7.2 million to 8.2 million.

Tableau ended up pricing the deal at $31 to raise $254 million, then investors bid shares up as much as 60% in the first few hours of Friday trading. Read 

Here’s Why You Shouldn’t Buy Into the IPO Hype

May 17, 2013, 10:16 am EDT
Here’s Why You Shouldn’t Buy Into the IPO Hype

Initial public offerings are back with a vengeance…or so it seems. This year alone we’ve seen 64 companies go public, raising a combined total of $16.8 billion. That means that U.S. IPOs are on track to have their busiest year since before the financial crisis.

In the past few months, we’ve seen several new faces on Wall Street, including Seaworld Entertainment (SEAS) and Duncan Hines’ owner Pinnacle Foods (PF). And just last month, the insurance unit of Banco de Brasil–BB Seguridade–raised $4.25 billion, making it the largest IPO this year so far.

So far, a lot of these big names have performed decently since their launch date–SEAS is up 11% while PF is up 14%. So now that it has been a full year since the volatile Facebook (FB) IPO, have IPOs finally found their stride? Read 

Should You Buy Facebook?

May 16, 2013, 2:28 pm EDT
Should You Buy Facebook?

“The Facebook IPO will be a dud.”

Had you said the words a few months before Facebook‘s (NASDAQ:FB) much-anticipated initial public offering in May 2012, you might have gotten a few dirty looks or laughs. While it was easy to see the company would have some issues coming public, the disaster that actually followed — its first-day glitch, the Morgan Stanley (NYSE:MS) fiasco, its four-month halving, its current -30% return — was the last thing anyone expected.

The impact was big — far bigger than Facebook. As I mentioned in a recent article, it all but killed off any hunger for social offerings, and the size of IPOs just hasn’t been the same. Read 

Did Facebook Kill the Blockbuster IPO?

May 16, 2013, 7:15 am EDT
Did Facebook Kill the Blockbuster IPO?

Anyone covering the IPO beat would be hard-pressed to find many more exciting times than the one surrounding the Facebook (NASDAQ:FB) public offering.

Ahead of the Facebook IPO on May 18, 2012, hype was at a fever pitch, causing the company to boost both its price range and shares issued. At launch, Facebook was a $104 billion company that raised a whopping $16 billion, cementing the IPO bronze with history’s third-largest offering behind Visa (NYSE:V) and Enel SpA (OTC:ENLAY).

And then the bottom fell out. Read 

Compuware Files IPO For Its Cloud Operation

May 15, 2013, 1:39 pm EDT
Compuware Files IPO For Its Cloud Operation

Yesterday, Compuware (NASDAQ:CPWR) filed the necessary papers for a public offering of its cloud division, . The plan is to list the company on the NASDAQ under the ticker “COVS.”  Lead underwriters include Credit Suisse (NYSE:CS) and Pacific Crest Securities.

Covisint operates a so-called “cloud engagement” platform, which helps organizations securely connect and collaborate with customers, business partners and suppliers. For the most part, this system is focused on highly regulated industries like autos, healthcare and energy.

So far, Covisint has over 3,000 customers and 18 million users. Of course, a few of those 3,000 are mega customers that represent a huge chunk of the business. For example, 34% of revenues come from General Motors (NYSE:GM). Other big ones are AT&T (NYSE:T), Daimler (PINK:DDAIF) and the Blue Cross Blue Shield Association. Read 

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