Facebook IPO Filing: Coming on Wednesday?

Jan 27, 2012, 2:29 pm EDT
Facebook IPO Filing: Coming on Wednesday?

According to The Wall Street Journal, Facebook will file its S-1 with the Securities & Exchange Commission next week, perhaps on Wednesday. It looks like Morgan Stanley (NYSE:MS) will be the lead banker. In terms of Net deals, Morgan has been the go-to player. Some of its other transactions include Groupon (NASDAQ:GRPN), Zynga (NASDAQ:ZNGA) and LinkedIn (NYSE:LNKD).

Goldman Sachs (NYSE:GS) is supposed to have a key role in the deal. But losing the lead to Morgan must be a huge disappointment for Goldman. Consider that it led the $1.5 billion private financing round for Facebook about a year ago.

The social network’s valuation is expected to range from $75 billion to $100 billion. Interestingly enough, this is down from the $100 billion+ that has been widely rumored. Perhaps Facebook’s financials aren’t as standout? Maybe Google’s (NASDAQ:GOOG) social network is becoming a problem? Read 

Verastem Shows Biotech Deals Have a Shot

Jan 27, 2012, 1:35 pm EDT
Verastem Shows Biotech Deals Have a Shot

For the past year, it’s been tough for biotech companies to get traction in the IPO market (there were a mere 10 deals in 2011). But today, Verastem (NASDAQ:VSTM) bucked the trend. The company issued 5.5 million shares at $10 each, which was in the middle of its $9-$11 price range. So far in today’s trading, the stock is up over 12%.

Verastem is the brainchild of some of the top oncology researchers in the world, include PhDs Robert Weinberg, Eric Lander and Piyush Gupta. Based on their breakout discoveries, they have developed VS-507, a molecule that kills cancer stem cells. This is a highly aggressive type of cancer that is resistant to conventional approaches.

Current treatments are far from ideal: surgery, radiation, chemotherapy, hormones and so on.  So Verastem is working on next-generation approaches — and this means focusing on cancer stem cells. Read 

Zynga Makes a Bet on Bingo

Jan 27, 2012, 12:04 pm EDT
Zynga Makes a Bet on Bingo

When it comes to poker, Zynga (NASDAQ:ZNGA) is the king — at least on Facebook. The wildly popular game is five years old and has attracted 30 million players per month.

Leveraging on this success, the company is launching Zynga Bingo. However, most players can’t play just yet, as it’s in closed beta testing.

Zynga Bingo will be like any other bingo game, but it’ll add Zynga’s traditional social feel. For instance, you will be able to play with small groups of live users and even be able to chat with them. Read 

Guidewire CEO Marcus Ryu Talks IPO

Jan 26, 2012, 11:10 am EDT
Guidewire CEO Marcus Ryu Talks IPO

Cloud computing has been red-hot, as seen with high-fliers like Salesforce.com (NYSE:CRM), SuccessFactors (NASDAQ:SFSF) and NetSuite (NYSE:N). Even Apple (NASDAQ:AAPL) is getting aggressive in the space. In the latest blowout earnings report, CEO Tim Cook called the cloud the “strategy for the next decade.”

The IPO market also is seeing a surge of cloud deals. On Wednesday, Guidewire Software (NYSE:GWRE) made its mark on the 2012 IPO market. The company priced its offering at $13 and ended the first day of trading up 33%.

Guidewire builds software to help insurance companies manage their operations, including claims, underwriting and billing. Customers include Tokio Marine & Nichido Fire Insurance and Mercury & Zurich Financial Services Group. Read 

Fusion-io Stock Gets Crushed

Jan 25, 2012, 4:45 pm EDT
Fusion-io Stock Gets Crushed

In early June, data storage company Fusion-io (NYSE:FIO) pulled off a highly successful IPO. The company priced its deal at $19, which was above its $16-$18 range. On its first day of trading, the shares increased 18.4%.

But since then, things have been bumpy, the latest hit coming Wednesday on the news of its latest earnings report. FIO shares plunged by 16% on the day to $25.50.

Fusion-io develops whiz-bang storage technology for data centers, and it counts Facebook among its customers. And its chief scientist? None other than Steve Wozniak, the co-founder of Apple (NASDAQ:AAPL). Read 

Facebook IPO Filing on Friday?

Jan 25, 2012, 1:13 pm EDT

The buzz on Facebook’s IPO was that the company would file in early January. So much for the credibility of the rumor mill.

The latest chatter points to this Friday. Why? The talk is based on a report from Bloomberg.com, which says that trading in Facebook shares in the secondary market has been suspended. The halt is supposed to last go from Wednesday to Friday.

Now, there can be many reasons for Facebook to do this. There may be a big announcement in the works, for example, and Facebook’s attorneys may want to avoid any legal complications. Read 

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