Social game maker Zynga is reportedly planning to go public on Dec. 15 at a valuation of $10 billion, according to a report by Reuters.
Zynga‘s tens of millions of regular players and burgeoning revenues have many investors excited about its fast approaching Initial Public Offering, but Take Two CEO Strauss Zelnick is definitely not one of them.
With 2011 winding to a close, talk of Facebook’s long-rumored 2012 initial public offering is crescendoing to cacophonous levels. A new report purporting that Facebook is targeting an IPO date between April and June of the upcoming year is adding to the orchestra.
The claws are out for Mark Pincus, chief executive of social game maker Zynga, today. First, the New York Times published a negative story on a potential talent drain at the social game company. Now Glass Door, the career services firm, says that Pincus has a 46 percent approval rating among his employees.
Online gaming firm Nexon is expected to go public on Dec. 6 in Japan, VentureBeat has learned. The company, which was started in Korea and moved its headquarters to Tokyo, is expected to raise $1.28 billion in its initial public offering. [Update: the price was set on Dec. 6. The IPO will be Dec.14]
Guest Post As a software securities analyst, Richard Davis spends 200 days a year on the road visiting software companies. He goes to public companies such as Oracle and Salesforce.com, but he also visits up-and-coming software companies he thinks will go public in the near future. In his new column, Davis is going to talk about some candidates he thinks may be ripe for the IPO class of 2012 or 2013.
Xunlei, the Chinese Internet company whose IPO was scheduled, then postponed indefinitely this summer, is now catching U.S. legislators’ attention.
Daily deals site LivingSocial is close to raising nearly $200 million in venture financing, which will value the site at $5 billion, The New York Times has reported, citing unnamed sources close to the matter. Previous LivingSocial investors such as Amazon.com are expected to participate along with new investors, according to the Times.
[vimeo 32313217 w=640 h=360] Wayfair.com recently surpassed Crate and Barrel to be the number two home goods website, is expecting $500 million in revenue this year, and closed a $165 million round of funding. We sat down with Niraj Shah, co-founder and chief executive officer of the e-commerce deals site, to get his thoughts on the Groupon IPO and the current e-commerce landscape.
Angie’s List shares closed today at $3.26 above their $13 starting price, down from an $18.75 peak.
Famed review website Yelp filed for a $100 million initial public offering today, according to a filing with the Securities and Exchange Commission.
As the tech IPO window creaks open, contractor reviewing site Angie’s List has announced a $13 opening share price for a planned initial public offering later this month.
More than a fifth of people who bought Groupon stock on the day of its initial public offering sold their shares the same day.
Social gaming powerhouse Zynga has been the buzz of the blogosphere today and the star of a back-and-forth over whether the startup is being equitable with how it hands out (and possibly takes back) equity to employees.
‘Tis the season for Internet company IPOs. Veteran local business review site Yelp has signed on bankers Goldman Sachs and Citigroup to lead its initial public offering at a valuation between $1 and $2 billion, the Wall Street Journal is reporting.
Zynga may float its initial public offering after the Nov. 24 Thanksgiving holiday, according to two sources close to the matter who spoke with Bloomberg.
Groupon shares soared in early trading this morning to $28, a 40 percent increase over its $20 price announced last night, as the company made its initial public offering.
Guest Post If you’d told me 5 months ago that I would spend a lot of 2011 studying accounting, talking to businesses and saying bad things about a company that everyone once loved, I never would have believed you.
Groupon shares will be priced at $20 when the company begins trading publicly tomorrow on the NASDAQ exchange under the symbol GRPN, according to AllThingsD, which would value the company at $13 billion.
Group deals startup Groupon is launching a new service called Groupon Reserve, the company announced today.
Groupon is taking its show on the road this week to pitch wary investors on its stock. Can the company prove it will be profitable in the long term even though it’s posting nothing but losses so far?
Groupon is set to go public on November 4, 2011.
After an avalanche of negative press and a general market downturn, Groupon is gearing up for its IPO at a valuation of less than $12 billion.
Editor's Pick Mark Pincus, chief executive of Zynga, has been out of the public eye for months, mainly due to regulatory restrictions on what CEOs of companies filing for initial public offerings can say in public. But yesterday, he finally got on stage for Zynga’s big games rollout.
In the past several months, more and more venture-backed companies have shied away from tumultuous U.S. market activity and have sought entry into in European and Asian exchanges instead.
Glam Media announced today that it has hired 16-year Apple veteran Jeanne Seeley as its new chief financial officer and executive vice president, a move that likely positions the company for a public offering. Seeley starts work today.
Continued uncertainty about financial stability in Europe and a government deadlock in the United States struck publicly-traded equities on Thursday, sending the tech-heavy NASDAQ index down 3.3 percent and below a technical level of support that might indicate future weakness.
Daily online deals startup LivingSocial might delay filing its initial public offering in favor of a new $200 million funding round, according to a Bloomberg report citing anonymous sources familiar with the matter.
Groupon’s highly anticipated IPO, which stalled amid market volatility earlier this summer, is back on track.
New financial details reported earlier today by Reuters about social media giant Facebook indicate that the company’s situation is more than good enough to go public.
Group deals service Groupon has delayed its plans for an initial public offering due to stock market volatility, according to a Wall Street Journal report.
Insurance technology software company Guidewire Software filed an initial public offering that aims to raise about $100 million, the company announced Tuesday.
Zynga just revealed a teaser for its next big social game, an Indiana Jones-inspired creation called Adventure World.
Revenue performance management (RPM) software company Eloqua Limited Wednesday filed an initial public offering estimated at $100 million.
YouTube-like site Tudou has priced its initial public offering (IPO) and will begin trading on the Nasdaq stock market this morning under the symbol TUDO, reports Bloomberg.
Here’s our roundup of the week’s top tech business news. First, the most popular stories VentureBeat published in the last seven days:
A record number of companies delayed their initial public offerings this week in the wake of market upsets.
Group coupon start-up Groupon filed an updated S-1 filing with the SEC Tuesday, revealing that while Groupon’s business continues to grow at a steady rate, it’s also hemorrhaging money in the process.