LinkedIn, the social network centered around professional networking, has announced this morning that it has crossed 100 million registered users, making it the fourth American social network to do so after MySpace, Facebook, and Twitter.
Daily deals giant Groupon might be in talks with several banks to file for an initial public offering later this year that would value the company at $25 billion, according to sources familiar with the discussions.
FriendFinder Networks, an internet holding company for some of the most popular dating and adult-oriented websites in the world, including FriendFinder.com, AdultFriendFinder.com, and Cams.com, has filed to go public for second time.
Pandora, an online radio station, has filed to go public to raise $100 million, according to a recent filing with the Securities and Exchange Commission.
For the past half-decade, a gang of well-connected entrepreneurs who worked together at online-payments startup PayPal have quietly built a string of successful Internet companies. At last, with Linkedin, public-market investors can get a piece of the action.
Who says the IPO market is anemic?
Concerns about the readiness of its CEO and a shaky market have Skype, the iconic Internet voice-chat service, saying it won’t hold its much-awaited initial public offering until the second half of the year, according to a report in the Wall Street Journal today. Skype’s IPO has been hotly anticipated since before it filed to sell $100 million shares to the public last August.
As of this writing, online publisher Demand Media is worth more on the stock market than is The New York Times Company. Of course, this says more about the enthusiasm of IPO investors than it does about the relative merits of the two organizations, but given the overall level of terribleness of Demand’s product –mainly hastily written how-to articles aimed not at readers, but at search engines – it’s still a bit disheartening.
Social buying powerhouse Groupon may be looking to move ahead with an initial public offering (IPO), according to anonymous bank sources in the New York Times.
Welcome to the age of the stealth IPO.
It was the best of times, it was the worst of times — at least for Silicon Valley startups in 2010.
Content farm Demand Media has delayed its IPO because of questions about its accounting practices, according to All Things Digital’s Kara Swisher.
General Motors, maker of the upcoming electric-powered Chevrolet Volt, has priced its initial public offering at $33 per share, a good chunk higher than its previously announced range of $26 to $29.
Guest Post (Editor’s note: David Millard is Chair of the Business Department of Barnes & Thornburg LLP. He submitted this story to VentureBeat.)
Here are the top cleantech stories we’re following today on the GreenBeat:
Wind farm developer First Wind has shelved its plans for an initial public offering (IPO) after cutting its offering price by nearly 25 percent.
Skype has asked Nimbuzz, makers of a popular VoIP mobile app, to remove support for all Skype services starting October 31st.
The world’s largest online betting exchange, Betfair Group, soared close to 20 percent in its first day of trading on the London Stock Exchange closing at £15.50 per share and raising $322 million during the session.
The world’s largest online betting exchange, Betfair Group, today set a price range for its upcoming initial public offering and listing on the London Stock Exchange that would value the company at as much as $2.4 billion.
Internet phone giant Skype has appointed former Cisco senior vice president Tony Bates as its new CEO, the company confirmed Monday.
Siemens has purchased building management firm SureGrid, Green Tech Media reports. The acquisition is a sign of interest in building efficiency startups, which make software that integrates into building management systems created by big companies like Siemens and Honeywell. There’s also an overall trend of conglomeration within the smart grid sector, the article notes, and highlights a few startups as potential acquisition targets: Audra Technologies, Building IQ, Hara, Optimum Energy, Lumenergi and Redwood Systems.
GE has acquired Calnetix, a company that takes waste heat from industrial processes and converts it into electricity. In a release, GE forecasted the waste-to-energy sector as future $1 billion industry, and said it had also acquired intellectual property from Calnetix to help it begin offerings in that space. Calnetix will be integrated with GE’s Jenbacher gas engine business based in Austria.
Biofuels and biomaterials company Amyris’s stock held up in its first day of trading, closing last night at $16.50, up three percent from its opening price of $16. The stock peaked at $17.44, the San Francisco Chronicle writes. The report estimates about 2.4 million shares were traded yesterday. The stock was reportedly priced below range. Earth2Tech deemed the IPO a “decent exit” for investors, estimating the worth of investors stakes: $67 million for Kleiner Perkins, $62 million for Khosla Ventures. The company raised a total of $85 million.
Guest Post (Editor’s note: Jeff Bussgang is a General Partner at Flybridge Capital Partners. This column originally appeared on his blog Seeing Both Sides.)
Large-scale solar plant developer BrightSource Energy is quietly preparing for an IPO, reports Dow Jones Venture Wire, citing two people familiar with the company’s plans.
Only a month after Skype’s new chief development officer, Madhu Yarlagadda, joined the company comes news that he’s leaving due to “personal reasons”, a company spokesperson told the New York Times today.
PetroAlgae, a company claiming that it has found a cheap way to convert algae into fuel — a goal that formidable competitors like Sapphire Energy and Solazyme are also chasing — just filed for a $200 million IPO despite a weak public market for green companies. Early signs suggest that this move could do more harm than good to the burgeoning algae industry.
Demand Media, an online content provider, has taken the first step towards an initial public offering. The company’s S-1 filing on Friday revealed details of the company’s business — semi-automated content production with an eye towards capturing users searching for popular topics online, with sites like eHow and Livestrong in its portfolio.
The internet calling service Skype is finally gearing up for an Initial Public Offering. In a registration statement with the SEC, the company (whose CEO, Josh Silverman, is pictured to the right) announced that it intends to raise a maximum of $100 million through the offering, and that it will list the stock on the Nasdaq. The filing leaves some details ambiguous, so the actual IPO amount may end up being much more, or less, than $100 million.
Guest Post (Editor’s note: Serial entrepreneur Steve Blank is the author of Four Steps to the Epiphany. This column originally appeared on his blog.)
Last week, VentureBeat reported that Tesla Motors CEO Elon Musk personally running low on cash, a fact he disclosed in court papers as part of his divorce proceedings. We asked if the company, which is seeking to go public, should have included those facts in its filings with the Securities & Exchange Commission. Now, the company has responded, by way of a revised S-1 form filed today.
Tesla Motors CEO Elon Musk seems to have it all. The electric-car entrepreneur is the toast of Silicon Valley, Sacramento, and Tokyo after unveiling a plan to revive Toyota’s shuttered NUMMI plant last week. And deal-hungry Wall Street bankers are angling to take his company public. He’s even a Hollywood star, with a cameo in the hit Iron Man 2 movie, said to be based on his life story.
Who said IPOs are dead? They’re just boring. Los Angeles-based ReachLocal went out the door at $12.49, fell to $12.25, and peaked just over $14.50.
Telegent Systems, a maker of chips for TV on cell phones, has withdrawn its filing for an initial public offering and has begun the search for a new chief executive. The ostensible reason is that the stock market has tanked, thanks to the economic turmoil in Greece (the Dow Jones is down 3.6 percent as we write).
Guest Post (Editor’s note: Tom Klein is a shareholder at the Silicon Valley office of Greenberg Traurig LLP. He submitted this story to VentureBeat.)
Ad market Reply.com has filed with the Securities and Exchange Commission to raise up to $60 million in a public offering. The company is a marketplace for online sales leads, where companies can buy information about web users that have shown interest in buying their products. TechCrunch has a rundown of the company’s current financials, which include a 75 percent revenue increase in super-tough 2009.
(UPDATED: See below.)