Feb 25, 2014, 2:06 pm EDT
Chukong, top mobile gaming operator in China, is prepping for an IPO in the U.S. market in yet the latest sign that the gaming industry is heating up, and that investors are starting to forget about Zynga’s (ZNGA) disastrous deal.
Chukong is a fairly young company, having only gotten its start back in 2010. Naturally, it has a mobile-first focus, and it currently is benefiting from a breakout hit game called Fishing Joy that currently boasts more than 200 million users.
It’s not clear how much revenues the company generates, but if a game makes the top of the charts on app stores, it is likely to bring in a nice haul. Just look at King Digital Entertainment, which is the maker of Candy Crush Saga game (with 93 million players each day) and itself recently filed to go public. King is enjoying a net profit of $578 million on revenues of $1.88 billion (and those revenues grew from a mere $164 million just a year prior). Read
Feb 24, 2014, 3:34 pm EDT
Well, we’re looking at yet another slow week for IPOs.
There are only two deals on deck for this week. But this does not mean that investors are getting sour on public offerings. If anything, the year is shaping up to be pretty big, with some massive new stocks on the horizon. The fact is that there have been a slew of major filings lately, such as for King (the maker of “Candy Crush Saga”), GoPro, Box and GrubHub Seamless. And expect many more over the coming months.
OK, then what are the new stocks to watch for this week? Well, let’s take a look: Read
Feb 24, 2014, 2:03 pm EDT
Weibo — the Chinese microblogging site often compared to Twitter (TWTR) — reportedly is preparing for a U.S. IPO. According to Financial Times, the Weibo IPO would be underwritten by Credit Suisse (CS) and Goldman Sachs (GS).
The Weibo IPO would involve a spinoff from its current owner, Chinese Internet conglomerate Sina (SINA). SINA stock actually is up about 4% on the news, though the firm reports its fourth-quarter results after the market closes today.
The word “weibo” means “microblog” in Mandarin Chinese, and that’s no accident — the service is focused around short messaging broadcast to the public. Weibo got its start back in 2009 and has experienced strong growth, such as its Q3 daily active user count growth of 11.2% quarter-over-quarter to 60.2 million. Read
Feb 21, 2014, 8:55 am EDT
The year is shaping up to be stellar for IPOs. And one sector that is likely to get a lot of attention from investors is cloud storage. In fact, storage company Box recently filed for an IPO. And it looks like Dropbox could as well.
So to get some insight on all this, I recently had a chance to talk to Alex Gorbansky, CEO of Docurated, which helps companies manage their cloud storage. Some of the customers include Netflix (NFLX) and Cox Media.
Alex actually founded the company with his wife, Irene. Both experienced the cloud storage business from different perspectives. Irene ran engineering teams at EMC prior to heading up the “disruptive innovation” team at American Express (AXP). As for Alex, he worked at Loudcloud and EMC before co-founding Frontier Strategy Group, an information services firm which provided large corporations with research on emerging markets. Read
Feb 19, 2014, 1:52 pm EDT
There was a lot to like about tech IPOs last year. Consider that 18 posted returns above 100%. Just some include tech stocks like Tableau Software (DATA), up 215%, and FireEye (FEYE), which gained 259%.
The themes that attracted investors to tech IPOs were diverse: 3d printing, cloud computing, mobile apps, Big Data, ecommerce and security. The one thing all these segments have in common is that they continue to grow at a strong pace.
But what about the tech IPOs that have not performed so well? Might there be more opportunities? Read
Feb 19, 2014, 11:19 am EDT
The music streaming service Spotity could be preparing for an IPO. The latest evidence: The company has posted an ad on its site and LinkedIn (LNDK) to hire a specialist in securities filings!
Now this doesn’t necessarily mean a Spotify IPO is imminent. If anything, such a hiring is probably a good idea for a company of its scale. Might as well be prepared for an IPO at any time, right? But there are still some good arguments that an IPO may come this year anyway.
Now it’s true that Spotify doesn’t necessarily need the money. Keep in mind that — back in November — the company raised $250 million at a $4 valuation. Some of the investors included heavy hitters like Technology Crossover Ventures, Northzon, Creandum, Kleiner Perkins, Digital Sky Technologies, Accel Partners and Goldman Sachs (GS). The influx of capital should alleviate the need for a Spotify IPO, at least during the short-run. Read