Facebook Will Create an IPO Black Hole

Feb 16, 2012, 8:46 am EST
Facebook Will Create an IPO Black Hole

When Facebook filed for its IPO a few weeks ago, investors rushed into hot social stocks like Groupon (NASDAQ:GRPN), Zynga (NASDAQ:ZNGA) and LinkedIn (NYSE:LNKD). The result: The Social Stock Tracker surged more than 9% in one week!

Things have calmed down since then. But as Facebook gets closer to its offering — which is expected to occur in May — the investor intensity will be extreme. If the valuation reaches $100 billion or more, the company will be in the league of marquee tech companies like Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC).

But Facebook’s IPO likely will have another effect: an IPO “black hole.” Read 

Why Zuckerberg Plans to Pay His Tax Bill

Feb 15, 2012, 1:53 pm EST

As the much-ballyhooed Facebook IPO approaches, there’s a mountain being made out of a molehill. Turns out 27-year-old founder and CEO Mark Zuckerberg may have a $2 billion tax bill that, according to a variety of sources, he intends to pay in full.

He seems like a regular guy…or is he?

To say I’m skeptical of his intentions would be an insult to actual skeptics. I think Zuckerberg is a great guy, but a regular guy? No way. He didn’t build from scratch a business that has 845 million customers by being a regular guy. Read 

Zynga’s Game Is On

Feb 14, 2012, 5:30 pm EST
Zynga’s Game Is On

Zynga’s (NASDAQ:ZNGA) IPO in mid-December looked like a big dud. The stock immediately plunged from $10 to $8 within a few weeks. But so far this year, Zynga has been a good game for investors. The stock hit $14.33 in today’s trading

One reason for the mega-spike was speculation Zynga might move into online gambling (although, it looks like that will take quite awhile). There was also some excitement from a deal with Hasbro (NYSE:HAS). And of course, the  Facebook IPO was a big factor.

But were the expectations too enthusiastic? Based on Zynga’s earnings report since becoming a public company, released after the bell on Tuesday, the answer is no. Read 

Michael Kors Is in Season for Investors

Feb 14, 2012, 12:08 pm EST
Michael Kors Is in Season for Investors

Coming public in mid-December, Michael Kors (NYSE:KORS) was one of the top IPOs of the year, spiking 21% on its first day of trading. KORS is the global luxury brand of its namesake designer, with product lines for apparel, handbags, shoes and watches.

Today, the stock got another boost, up almost 23% at midday to around $41.25 — almost double its $20 IPO price!

This came off Michael Kors’ blowout quarterly report — its first as a publicly traded company. Revenues soared 68% to $376.6 million, which beat the Wall Street consensus of $349 million. Same-store sales climbed 38% in North America and up 34.4% in Europe. And adjusted earnings came to 28 cents per share. Read 

The Empire State Building Reaches for an IPO

Feb 13, 2012, 12:05 pm EST
The Empire State Building Reaches for an IPO

At a 102-stories, the Empire State Building is certainly an icon. In fact, it has been classified as a National Historic Landmark.

Now the Empire State Building will venture into the IPO market, where it could raise $1 billion or more. The building will be part of an entity called the Empire State Realty Trust, with the proposed ticker of  “ESB.”  The underwriters include Bank of America Merrill Lynch (NYSE:BAC) and Goldman Sachs (NYSE:GS).

The offering will be structured as a real estate investment trust (REIT), which means there will likely be a dividend. The company will also include 11 other buildings in Manhattan and the greater New York metropolitan area. In all, they cover 7.7 million rentable square feet of office space (about 80% is leased). Some of the marquee tenants include AT&T (NYSE:T), Best Buy (NYSE:BBY), Starbucks (NASDAQ:SBUX) and JPMorgan Chase (NYSE:JPM). Read 

Social Stock Tracker Treads Water

Feb 13, 2012, 10:57 am EST
Social Stock Tracker Treads Water

When Facebook filed for its IPO in the first week of February, the Social Stock Tracker surged over 9%, giving the index a market value of $38.5 billion.

Things have calmed down since then. Last week, the index mustered a gain of only 0.36%.


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