Sep 30, 2013, 2:23 pm EDT
King, which is the maker of the wildly popular mobile game Candy Crush Saga, has filed for an IPO according to a report in The Telegraph. The company plans to list on the Nasdaq and the lead underwriters are expected to include JPMorgan (JPM), Credit Suisse (CS) and Bank of America (BAC).
But there is no S-1 available since King has elected to make a confidential filing with the SEC, which is allowed under the JOBS Act. This approach has become quite popular lately, as seen with companies like Twitter.
Founded a decade ago, King has had a pretty good track record. Consider that it has been profitable since 2005 and has also made a smooth transition to mobile. Its flagship game is No. 1 on both Apple’s (AAPL) app store and Google’s (GOOG) Android platform. In fact, Candy Crush alone has over 15 million daily users who play more than 700 million games per day! Read
Sep 30, 2013, 1:08 pm EDT
Volatility? What volatility? According to the IPO market, all’s well on Wall Street. We saw 11 deals hit the market last week, with only one — Violin Memory (VMEM), down 22% on its debut — coming up a dud.
This week, we’ve got a robust nine deals on deck. Several of them are holdovers — I covered Fate Therapeutics (FATE) here and Tecogen (TGEN) here. For now, let’s look at the rest of the new IPOs:
Founded in 1972, Burlington Stores is a national off-price retailer of quality branded apparel, boasting more than 500 stores across 44 states, with locations averaging 80,000 square feet. Read
Sep 30, 2013, 11:55 am EDT
If you’ve been reading InvestorPlace with any sort of regularity, you should know that we are riding high on master limited partnerships — or MLPs — as one of the best investments you can make over the long haul.
There’s big money to be made in owning the critical infrastructure required to bring energy from wellheads to end users. And even more can be made if all those pipelines, storage tanks and gathering systems are placed in an MLP, as the tax structure provides huge benefits for individual investors and the sponsoring firms alike.
In fact, strong stable cash flows and high tax-deferred distributions — in the 5% to 8% range — await investors who take the plunge. Read
Sep 27, 2013, 12:09 pm EDT
Violin Memory (VMEM), which is a top player in the Flash-based storage market, issued 18 million shares at $9 each this morning — the midpoint of the $8 to $10 range.
That pricing proved to be too optimistic, though, as the stock plunged 16% in early trading today.
Violin Memory “pioneered a new class of persistent memory-based storage solutions designed to bring storage performance in line with high-speed applications, servers and networks.” Essentially, its technology is better and cheaper than traditional disk-based systems for the most part, especially when it comes to powering data intensive applications like the cloud or Big Data. Read
Sep 27, 2013, 11:48 am EDT
This time last year, “social media” was an expletive in financial circles. The Facebook (FB) IPO had long since gone down in flames, as had other new technology IPOs like Groupon (GRPN) and Zynga (ZNGA). At this point last year, Facebook, Groupon and Zynga were off 55%, 83% and 85%, respectively, from their previous highs.
It seemed like a case of the emperor’s new clothes. Social media stocks were surrounded by buzz and hype … yet they didn’t have much in the way of profits. Read
Sep 26, 2013, 1:37 pm EDT
When preparing for an IPO, it’s easy for the CEO to get distracted from running the core business. But this does not seem to be a problem for Twitter. The company has been quite active lately, striking a deal with the NFL as well as adding push notifications.
Oh, and there is something else (just announced today): Twitter Alerts.
According to a blog post, this is “a new feature that brings us one step closer to helping users get important and accurate information from credible organizations during emergencies, natural disasters or moments when other communications services aren’t accessible.” Some of the partners for the service include the American Red Cross, FEMA, and the World Health Organization. Read