Tumi Is Taking an IPO Trip

Dec 14, 2011, 12:14 pm EDT
Tumi Is Taking an IPO Trip

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 

Lay Off Jive Software Shares

Dec 13, 2011, 12:25 pm EDT
Lay Off Jive Software Shares

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 

Zynga Headlines Busy IPO Week

Dec 12, 2011, 11:22 am EDT
Zynga Headlines Busy IPO Week

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 

Zynga Nears IPO Spotlight

Dec 9, 2011, 3:37 pm EDT

Zynga is expected to public next week, raising perhaps as much as $1 billion.  According to Bloomberg, it looks like the company has already filled orders on 100 million shares.  The deal could actually be the largest tech offering since Google (Nasdaq:GOOG), which raised $1.67 billion in 2004.

Here’s a quick profile:

Background:  Founded in 2007, Zynga is the top social-media gaming company on the Facebook platform. The games are all free, but the company generates revenue through advertising as well as the sale of digital items (say, a virtual pick or a
plow).  Some of its titles include CityVille, FarmVille, Mafia Wars, Words with Friends and Zynga Poker. Read 

Mountain Valley Quenches IPO Thirst

Dec 8, 2011, 1:14 pm EDT

The origins of Mountain Valley Spring Water go back to 1871, but the company wants to push its steady growth even further by launching an IPO. The lead underwriter on the deal is Rodman & Renshaw.

The source of Mountain Valley’s water comes from three natural springs about 10 miles outside of Hot Springs, Ark.  Rains from the Ouachita Mountain Plateau have percolated into these areas for more than 3,000 years.  It provides for a natural filtration process and allows for the accumulation of minerals like calcium, magnesium and potassium.

Besides its Mountain Valley Spring Water, the company has other valuable brands, including Mountain Valley Sparkling Water, Clear Mountain Spring Water and Diamond Spring Water. Read 

Can Ashton Kutcher Make a Public Company Out of Fab.com?

Dec 8, 2011, 11:32 am EDT
Can Ashton Kutcher Make a Public Company Out of Fab.com?

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 

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