Jun 19, 2014, 4:43 pm EDT
The buzz is that Alibaba, the Chinese ecommerce powerhouse, will pull off its IPO on August 8th. The reason: the number “8” symbolizes good fortune.
Regardless of the Alibaba IPO date – which is far from certain – the fact is that the deal will be massive. It could even be the biggest one in history. Consider that various analysts think the Alibaba IPO will raise a haul in excess of $20 billion.
If anything, the timing may be pretty good. JD.com (JD), which is China’s No. 2 ecommerce operator, recently launched a successful IPO, up about 40%. At the same time, the US markets are getting back on track. Just look at various successful tech IPOs like Arista Networks (ANET) and Zendesk (ZEN). Read
Jun 18, 2014, 4:20 pm EDT
Today Amazon (AMZN) took the wraps off of one of the worst-kept “secrets” in the tech world: the Fire Phone.
Speculation of an Amazon smartphone has been ramping up for months and it hit a fevered pitch after Amazon announced the Seattle unveil and plastered its website with video of people reacting to a mystery device. After building up to the announcement by noting Amazon’s Prime ecosystem, its world-class hardware expertise and “hundreds of millions of engaged customers,” CEO Jeff Bezos finally held up the Fire Phone.
It’s not the cheap device we were expecting. Read
Jun 16, 2014, 1:53 pm EDT
Much of Uber’s $1.2 billion in funding will be spent on legal and lobbying efforts against taxi regulators around the world
Destination Wealth Management CEO Michael Yoshikami believes Uber’s impressive $17 billion valuation is justifiable because it’s identified a sustainably profitable marketplace.
I think that latest valuation is definitely debatable, but much less so is the fact Uber’s legal and lobbying efforts are costing the company some serious coin. Read
Jun 16, 2014, 1:02 pm EDT
Last week, the IPO market showed signs that it’s getting its footing back, with seven new stocks hitting the market. Some of the more notable deals included MobileIron (MOBL), which increased 22% on its first of trading, and Abengoa Yield (ABY), which shot up 27%.
As for the upcoming week, expect the volume to be turned up even more as 11 new stocks should hit the markets — many of them from the biotech and energy sectors.
Here’s a quick look at 11 new stocks to watch this week. Read
Jun 13, 2014, 11:24 am EDT
Michaels Stores, which is a top crafts retailer, has been trying to pull off an IPO for the past two years. Although Michaels’ SEC filings do not currently reflect it, according to a report in Reuters, it looks like an offering will finally happen — perhaps in the next couple weeks. With the overall equities markets bullish, the environment is certainly ideal for a Michaels IPO.
Michaels Craft Stores IPO Date Summer 2014
Founded in 1973, the company now has 1,145 Michaels locations as well as 118 Aaron Brothers stores. Each has about 36,000 stock-keeping units (“SKUs”) in arts, crafts, scrapbooking, floral, framing, home décor and seasonal offerings. This scale will certainly be a big attraction for investors looking at the Michaels IPO. Read