Oct 27, 2011, 11:45 am EDT
Unless Mark Zuckerberg makes some huge blunders — on the scale of Netflix’s (NASDAQ:NFLX) Reed Hastings — Facebook should be one of history’s biggest IPOs. Yet the company’s success is starting to attract some rivals. The most notable is Google (NASDAQ:GOOG), which is getting plenty of traction with its similar G+ service.
But this year, several upstart companies have moved into the space, including Nextdoor (a neighborhood-based social network), Chime.in (an interest-based one) and Unthink — perhaps the most interesting of potential Facebook killers (the site is currently in beta), if only because it’s so anti- … well, Facebook. To get a sense of its attitude, check out this hilarious video:
Oct 26, 2011, 1:32 pm EDT
The buzz from Groupon’s IPO roadshow has been quiet, which is probably a good thing. Over the past few months, the company has suffered from several major blunders, such as a major restatement of its revenue and earnings as well as the departures of several key executive officers.
However, Wall Street investors did get some other unsettling news items, which could be a drag on Groupon’s IPO. Netflix (NASDAQ:NFLX) has plunged nearly 35% since its earnings report and is off 74% from its high in July. In fact, the loss in Netflix’s market cap equals the consensus current value of Groupon.
But there was also another horrible data point: Amazon.com’s (Nasdaq:AMZN) stock plunged 10% on Wednesday after its earnings report late Tuesday. Read
Oct 26, 2011, 11:34 am EDT
Just as social networking has changed millions of lives, Jive wants to do the same for businesses. The company calls its technology “social business software,” and when you take a look at it, you’d think it was Facebook.
Jive thinks it can turn this social magic into an IPO. The company filed for its offering in late August and might pull off the deal within the next couple months. The underwriters include Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS).
Jive has two sides: First, employees can collaborate on projects, such as with real-time status updates and file sharing. Next, there is a similar interface for a company’s partners and customers. Access is on all platforms, desktop or mobile. Read
Oct 25, 2011, 3:53 pm EDT
On the lighter side of the Groupon IPO, there is a humorous mock up going around of a “Daily Deal” where customers can gain access to … the Groupon stock IPO!
Groupon plans to sell shares between $16 and $18 apiece on or around November 4. Newly minted Groupon stock will appear on the Nasdaq with the ticker GRPN.
If you believe the snarky Daily Deal ad going around, that’s a 60% discount on shares — and some 10,000 folks have already taken up the offer. Read
Oct 25, 2011, 2:21 pm EDT
I recently talked to Cameron Lester, who is a venture capitalist at Azure Capital. His firm has backed breakout companies like VMware (NYSE:VMW) and Bill Me Later, which was sold to eBay (NASDAQ:EBAY). Cameron also was an early investor in Salesforce.com (NYSE:CRM).
For the most part, we talked about his portfolio companies, especially Zend (provides cloud technologies) and Twitvid (allows for sharing of videos on Twitter). But I also snuck in a couple questions about the IPO market.
For the most part, he does not expect to see a flood of IPOs hit the market, at least over the next year. As should be no surprise, he thinks serious macroeconomic issues will continue to make things difficult for companies to come public. Read
Oct 25, 2011, 10:39 am EDT
It’s going to be a busy November for IPOs.
On Nov. 4, Groupon will see if it can find enough buyers for its deal at a hefty $11-plus billion valuation. Then, on the week of Nov. 24, game-maker Zynga will try to pull off its offering, according to a Reuters report. Zynga’s valuation actually is expected to be $14 billion (at least according to the prospectus). This would make the company more valuable than Electronic Arts (NASDAQ:ERTS).
Crazy stuff? Perhaps. But Zynga clearly is the dominant player in social games, especially on the Facebook platform. Popular titles include FarmVille and CityVille. In all, Zynga’s games have about 60 million average daily active users. Read