Dec 14, 2011, 12:14 pm EDT
Tumi is one of my favorite brands, and I’m a proud owner of the company’s wallet and briefcase. For the most part, they never seem to wear out. And soon, I’ll soon have a chance to buy the company’s stock.
This week, the company filed the necessary papers for an IPO. The lead underwriters include Goldman Sachs (NYSE:GS) and Credit Suisse (NYSE:CS), and the proposed ticker symbol is “TUMI,” though the company did not announce which exchange it would trade on.
Tumi got its start back in 1975 when Charlie Clifford did a stint in the Peace Corps in Peru, where he saw a big opportunity to make high-quality leather duffels and garment bags. But it was not until the 1980s that he started to create black-on-black ballistic nylon cases. Read
Dec 13, 2011, 12:25 pm EDT
Just a few weeks ago, Jive Software’s (Nasdaq:JIVE) IPO looked shaky. Yet it got an unexpected gift when SAP (NYSE:SAP) agreed to shell out $3.4 billion for SuccessFactors (Nasdaq:SFSF), a top operator in the so-called cloud computing sector.
And it appears to have been enough to gin up more excitement for Jive. The company priced its IPO at $12 a share late Monday, which was above the $8-$10 range. And in today’s trading, the stock is up 25% to $15. That puts a $858 million valuation on the company.
Jive is an innovator in “social business software.” Basically, think of it like Facebook for businesses. With Jive, a business can collaborate on projects, communicate with customers and even engage in social media with status updates and file sharing. This is done either via the “cloud” – delivering software via the Internet – or through traditional software, which is attractive for larger organizations that want to control their data. Read
Dec 12, 2011, 11:22 am EDT
This is the last week for IPOs as investors, like everybody else, prepare for the holiday season. Don’t expect any more activity until at least the middle of January.
Interestingly enough, this week could be the busiest week for IPOs since November 2007. Twelve companies are expected to hit the markets. Here’s a look at three deals likely grab major headlines:
Zynga: The company is the dominant operator of online social-network games, which are primarily on the Facebook platform. Some of the titles include FarmVille, CityVille, Zynga Poker and Mafia Wars. All the games are free, but the company generates revenue by selling digital items – like virtual picks and farm equipment – as well as advertising. Read
Dec 8, 2011, 11:32 am EDT
Let’s face it — when it comes to building a new business venture, the original plan is often useless. After all, one of the key traits of top entrepreneurs is adapting to a changing environment by finding the right product. In Silicon Valley lingo, this means understanding how to “pivot.”
One company that has done this quite well is Fab.com. When it launched in early 2010, it was an online social network for gay men, but it didn’t get much traction.
About six months ago, the company decided to remake itself into a so-called flash site that was focused on selling products like jewelry, furniture and toys — with cool designs. A typical sale would be invitation-only and be available for 72 hours. Meanwhile, the savings could be as much as 70% below retail prices. Read