Online video player Brightcove prices IPO at $10-12 a share, could raise $60M
Online video startup Brightcove has set the price range for its initial public offering at $10 to $12 a share and could raise up to $60 million, according to its latest S-1 filing with the Securities and Exchange Commission.
Brightcove makes it possible for large and small content providers to publish video content to the web completely using HTML5 rather than Adobe Flash. On top of standard video, the company also has live, on-demand, and … Continue Reading
Facebook said to be filing $5B IPO, Morgan Stanley selected to take lead
Social network king Facebook will likely file its first papers with regulators on Wednesday morning for a $5 billion initial public offering, “sources close to the deal” have told Reuters subsidiary IFR.
We heard at the end of last week that the social network could file papers for its initial public offering as soon as Wednesday, so it’s not unexpected that more details are leaking like a well-worn faucet. The timing aligns with a recent … Continue Reading
Banks battle for $220M share of Facebook IPO
Green may be the color of money, but Wall Street bankers are only seeing blue — Facebook blue, that is.
The social network is poised to file its papers to become a public company in early 2012 — raising $10 billion in the process — and covetous bankers are hoping to hitch a last-minute ride to money town by way of the company’s expected $100 billion market valuation. Rival banks Goldman Sachs and Morgan Stanley … Continue Reading
Workday raises an astounding $85M for cloud HR and payroll services
If you’ve doubted that cloud-based services are going to take off in a big way, Workday wants you to put your foot in your mouth. The company has raised a new $85 million round of funding with a reported $2 billion company valuation.
Workday provides more than 230 companies with cloud services for human resources, payroll and financial management. While that may not initially sound exciting, those 230 companies account for more than 2 million … Continue Reading
Flailing daily deals site says it’s a victim of shrinking capital markets
Yesterday’s massive layoffs at daily deals site BuyWithMe were the result of shrinking capital markets, the company’s chief operating officer said today.
The announcement that BuyWithMe, the No. 3 daily deals site on the Web, was cutting significantly more than half its staff followed an unsuccessful attempt to raise capital at a $500 million valuation.
BuyWithMe Chief Operating Officer David Wolfe said in an email that the company was the victim of an increasingly-hostile investment … Continue Reading
