Nov 9, 2011, 11:27 am EST
Groupon’s (Nasdaq:GRPN) recent IPO shows that investors are warming up to deals. And the local e-commerce market does look attractive. Even with intense competition, Groupon has built a business that has already generated over $1 billion in revenue during the first nine months of this year
According to a report in the Wall Street Journal, it looks like another player in the space is gearing up for a deal: Yelp. The company has hired Goldman Sachs and Citigroup to manage the deal.
Yelp offers user-based reviews for restaurants and other local merchants. While it hasn’t seen the hockey-stick growth ramp of Groupon, the company is still pegged to reach a market value of $2 billion — that’s something that always gets the interest of Wall Street bankers. Read
Nov 8, 2011, 12:07 pm EST
The scheduling of an IPO can be a moving target. For example, in the case of the Zynga’s offering, it looked like the company would come public during Thanksgiving week. But if this were so, it would be on its “roadshow” now.
Well, it isn’t. In fact, in its most recent IPO filing, the company didn’t even provide a price range (which is a necessity for a roadshow).
According to a report from Bloomberg, the timing of the deal is now for December. Read
Nov 8, 2011, 11:07 am EST
From its public offering in early June, Fusion-io (NYSE:FIO) has had a great ride. The shares have more than doubled from $19.
“I am super-impressed at their performance,” said Tom Buiocchi, who is the CEO of another hot storage company, Drobo. “There is always room in the market for an innovator in storage.”
Fusion-io develops storage memory systems, using chips instead of disk drives. The result is a huge improvement performance and much lower costs (primarily from better energy efficiency). As a testament to the technology, the company’s chief scientist is Steve Wozniak, who co-founded Apple (Nasdaq:AAPL). Read
Nov 7, 2011, 12:43 pm EST
LinkedIn (NYSE:LNKD), which operates a social network for professionals, certainly is one of the year’s top IPOs. In mid-May, the company came public and saw its shares surge as high as 109% during the day. But since then, LinkedIn’s stock performance has been extremely volatile. LNKD is down about 3% since its IPO, and just last week, the shares fell 9.7%.
This drop came despite LinkedIn’s expectation-beating third-quarter report. Revenues surged 126% to $139 million, and the number of registered users increased by 63% to 131 million. The company adds about two members every second.
LinkedIn has been aggressive in expanding into foreign markets. And the company also has experienced lots of growth from the mobile platform. Page views are up 400% over the past year and account for 13% of overall member visits. Read