IPO

IPOs To Dominate This Week, Stocks to Watch: ERTS, BBY, GE, AMZN, MSFT, ATVI

December 12, 2011 By Leave a Comment

IPOs are set to dominate this week with big names including Zynga, Jive Software and Michael Kors Holdings all going public. Some of these companies could still delay their IPOs this week and some have citing market conditions. It will still be a busy week regardless for these new stocks.

Zynga is set to offer 100 million shares at a price range of $8.50 to $10 and could raise as much as $1 billion. If the company raises $1 billion it would be the largest Internet IPO since Google Inc. (NASDAQ:GOOG) in 2004.

Jive Software is offering 11.7 million shares between $8 to $10. The company is expected to begin trading on Tuesday.

Michael Kors Holding is a fashion design company and will offer about 42 million shares at a price range of $17 to $19.

Other companies going public this week include energy companies and tech companies.

Zynga’s IPO is likely to overshadow all the other IPOs and will see lots of investor attention on Monday.

Other stocks to watch on Monday include Electronic Arts (NASDAQ:ERTS), Best Buy Co., Inc. (NYSE:BBY), General Electric (NYSE:GE), Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Activision Blizzard, Inc. (NASDAQ:ATVI)

Electronic Arts Inc. (NASDAQ:ERTS) closed Friday up 2.33% at $21.99. EA’s Battlefield 3 came in third for the November 2011 NPD Sales Numbers. Battlefield 3 sold at least 1.26 million copies last month. The company also unveiled the newest Command and Conquer game at Spike’s Videogame Awards Show over the weekend. Electronic Arts Inc. has a market cap of 7.29 billion.

Best Buy Co., Ltd. (NYSE:BBY) finished Friday up 2.52% at $28.11. BBY trades 6.02 million shares a day on average. Best Buy is set to release their earnings in pre-market on Tuesday. Analysts expect Best Buy to report revenue of $12.1 billion. The company has a market cap of 10.18 billion.

General Electric Company (NYSE:GE) closed Friday up 3.25% at $16.84. GE traded 85.74 million shares on Friday, 23 million more shares than the company trades on average. GE will be holding an investor outlook meeting on Tuesday. General Electric has a market cap of 177.79 billion.

Amazon.com, Inc. (NASDAQ:AMZN) closed Friday up 1.34% at $193.03. AMZN trades 6.53 million shares a day on average. AMZN closed last week down from a high of $198 a share. Amazon has a market cap of 87.78 billion.

Microsoft Corporation (NASDAQ:MSFT) finished Friday up 1.18% at $25.70. MSFT trades 51.05 million shares a day on average. Microsoft’s Xbox 360 was the highlight for November’s NPD numbers as the video game console sold 1.7 million units. Xbox 360 sales were up 23% year over year in November. The Xbox 360 also held four of the top 10 selling console games including: Call of Duty Modern Warfare 3, Elder Scrolls V: Skyrim, Assassin’s Creed: Revelations and Battlefield 3. Microsoft has a market cap of 216.19 billion.

Activision Blizzard, Inc. (NASDAQ:ATVI) closed Friday up 2.60% at $12.24. ATVI trades 13.05 million shares a day on average. Activision sold 9 million copies of Call of Duty: Modern Warfare 3 last month. The company has a market cap of 14.01 billion.

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Facebook Prepares For Blockbuster IPO

December 9, 2011 By Leave a Comment

The most anticipated stock market debut of 2012 is expected to value Facebook at as much as $100 billion, which would top just about any of Silicon Valley’s most celebrated coming-out parties, from Netscape to Google Inc.

Market watchers say Facebook seems destined to set a new benchmark in a region famous for minting fortunes, with even the rank-and-file employees reaping millions of dollars.

Facebook employees past and present are already thinking about how to spend their anticipated new wealth, even as securities regulations typically prevent employee stock options from being cashed in until after a six-month lock-up period.

“There’s been discussions of sort of bucket list ideas that people are putting together of things they always wanted to do and now we’ll be able to do it,” said one former employee who had joined Facebook in 2005, shortly after it was founded.

Facebook was founded in a Harvard dorm room in 2004 by Mark Zuckerberg and his friends. Facebook has grown into the world’s biggest social network with over 800 million members and revenue of $1.6 billion in the first half of 2011.

Facebook’s earliest employees, who were given ownership stakes, and early venture capital investors, such as Accel Partners, Greylock Partners and Paypal co-founder Peter Thiel, will see the biggest paydays. Zuckerberg, 27, is estimated to own a little over a fifth of the company, according to “The Facebook Effect” author David Kirkpatrick.

The wealth will trickle down to engineers, salespeople and other staffers who later joined the company, since most employees receive salary plus some kind of equity-based compensation, such as restricted stock units or stock options.

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Facebook Worth $100 Billion? IPO Likely Set for Mid 2012

November 29, 2011 By Leave a Comment

There are reports today of Facebook being in internal discussions over the exact timing of its filings with the SEC for its IPO, and may file before the end of the year. Reports indicate that Mark Zuckerberg, CEO of Facebook, hasn’t made any final decisions yet. Facebook is also looking into raising $10 billion in an IPO that would value the company at $100 billion if not more.

If you’re looking to compare this to other online juggernauts IPO’s, look at Google, Inc. (NASDAQ:GOOG). In 2004, when they made their stock debut, the company was worth $27 billion. Google’s market cap today sits around $185 billion.

At a $100 billion valuation, Facebook would be worth more than a lot of big name companies including Hewlett-Packard (NYSE:HPQ) and Cisco Systems (NASDAQ:CSCO).

If they file for an IPO it would be the latest of a series of companies going public in Silicon Valley. Zynga, creator of Farmville, has already filed for an IPO up to $1 billion. In November, the much hyped Groupon (NASDAQ:GRPN) IPO was launched, but has since dropped below its IPO price. Other stocks that jumped initially but fell include LinkedIn (NYSE:LNKD) and Pandora (NYSE:P).

While Facebook does not disclose financial results, sources close to the company told Reuters earlier this year the company’s revenue in the first 6 months of 2011 doubled from the previous year to $1.6 billion.

About Facebook

Founded in February 2004, Facebook is a social utility that helps people communicate more efficiently with their friends, family and coworkers. The company develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people’s real-world social connections. Anyone can sign up for Facebook and interact with the people they know in a trusted environment.

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Angie’s List (ANGL) IPO Set To Launch At $13 Per Share

November 17, 2011 By Leave a Comment

Angie’s List Inc. (NASDAQ:ANGL) announced late Wednesday that the consumer review website has agreed to price its IPO at $13 per share. This price is at the top of the range that Angie’s List had initially told investors. Share are expected to begin trading publicly on Thursday November 17.

Founded by Angie Hicks, the company, based out of Indianapolis, IN, runs reviews of dentists, doctors, veterinarians, gardeners, plumbers and other businesses offering a range of local services.

Prior to the public release of shares it was announced that stockholders would offer up 2.5 million shares of the 8.8 million shares expected at release.

Angie’s list will trade under the identifier “ANGL” on the Nasdaq market. Unlike other review sites Angie’s List charges a monthly fee for membership and relies on customers that are willing to pay for legitimate reviews on a variety of subjects. Angie’s List does not allow anonymous reviews and they also do not allow companies to pay for better ratings. This ensures users that the reviews they are reading are trustworthy and have been vetted by the website.

Angie’s List reported a revenue of $59 million in 2010 and $62.6 million in the first nine months of this year. The company announced that despite those revenue numbers they lost $27.2 million in 2010 and $43.2 million. The company announced that those loses came in conjunction with a large spending spree on advertising to bring new customers in.

Angie’s List said funds from the IPO will be used for everyday corporate purposes and a continually aggressive advertising campaign that will focus on the New York and Los Angeles markets.

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