Tag Archives: new york stock exchange

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Energy Business OPower Considering Going Public Regardless Of Lack In Profit


Opower is authoritatively anticipating opening up to the world, as its incomes develop respectably, however it still hasn’t turned a benefit.

After reports that it privately documented for a first sale of stock a month ago, vitality programming organization Opower has now authoritatively indexed records indicating it plans to open up to the world. The organization said in its S-1 on Monday that it plans to raise up to $100 million simultaneously, and document on the New York Stock Exchange under the image OPWR.

Established in 2007 by business visionaries Alex Laskey and Dan Yates, Opower works with utilities to make vitality effectiveness items like ordered vitality bills, messaged vitality proficiency tips, and indoor regulator programming. The organization is basically a huge information and conduct dissection play, and Opower utilizes utility vitality utilization information to art approaches to persuade utility clients to lessen their vitality utilization. A week ago the organization started the fifth form of its programming.

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Who’s next on Wall Street: Tech IPOs to look for in 2014


For better or worse, big e-commerce sites and huge social media apps probably won’t be choking the public markets this year.

Not that there won’t be any making it to the New York Stock Exchange and Nasdaq. But lots of stars have made progress last year on the enterprise technology scene. They might not all be profitable, but they sure have attracted hefty rounds of venture funding.

Here we are in 2014, and a whole bunch of hot tech companies are considering initial public offerings (IPOs) this year. We’ve given you our best guesses below on the likelihood each of these players will actually pull the trigger. Feel free to share your views and predictions in the comments section.

Dropbox CEO Drew Houston

Dropbox Chief Executive Drew Houston

  • BoxClosed a $150 million round in January; the popular business-focused cloud storage vendor has been building its business by focusing on specific industries, such as health care. Likelihood of 2014 IPO: 90 percent.
  • Dropbox: Was looking to raise $250 million as of last month. This Box competitor whipped up a neat-sounding application programming interface (API) called Datastore to move data across devices, sort of like iCloud. Likelihood of 2014 IPO: 90 percent.
  • Palantir: Just raised $107.5 million, three months after news of a $196 million round. The money should help Palantir keep diversifying away from big government jobs. Likelihood of 2014 IPO: 85 percent.
  • MongoDB: Raised $150 million this year. Made a smart, albeit not unprecedented, move by dropping its previous name, 10gen, and adopting the name of the popular NoSQL database it supports. Likelihood of 2014 IPO: 85 percent.
  • Pure Storage: Software isn’t the only area that’s appealed to investors this year. This seller of fast-acting all-flash storage arrays has reportedly moved into IPO territory based on its revenue, following a recent $150 million round. Likelihood of 2014 IPO: 85 percent.
  • Pivotal: It seems like it was only yesterday that this company spun out from EMC and VMware, yet GE decided to invest $105 million in it. The company has articulated a compelling vision of how data analytics can contribute to successful application development, which could help the company stand out from Hadoop distribution vendors and Platform-as-a-Service (PaaS) providers. Likelihood of 2014 IPO: 80 percent.
  • Cloudera: This Hadoop distribution vendor brought in $65 million a year ago, and it’s been lining up deals to run its services on public clouds such as Amazon Web Services and IBM. Likelihood of 2014 IPO: 75 percent.
  • New Relic: A favorite among developers, this company sells software that shows how applications are running and what could be causing issues. It pulled in $80 million in February and previewed a way for developers to search the data New Relic stores, to get insights about users. As New Relic Chief Executive Lew Cirne told VentureBeat in October, “The only thing I can imagine as the next big event for the company is a public offering.” He did not say when that event could come, but the statement doesn’t explicitly rule out a 2014 public bid. Likelihood of 2014 IPO: 75 percent.
  • AppDynamics: This New Relic competitor raised $50 million a couple of weeks before New Relic revealed its latest round. Likelihood of 2014 IPO: 70 percent.
  • SugarCRM: This Salesforce.com competitor helps businesses keep track of their sales leads. Speaking with VentureBeat about the company’s $40 million in new equity funding in August, SugarCRM chief executive Larry Augustin said, “We are at the stage where we could be a public company,” although he wouldn’t say when. Likelihood of 2014 IPO: 65 percent.

New Relic CEO Lew Cirne

New Relic CEO Lew Cirne

But while the pipeline certainly has its share of companies focused on doing business with businesses, plenty of tech companies with services for just about

http://venturebeat.com/2014/01/02/whos-next-on-wall-street-tech-ipos-to-look-for-in-2014/

Venture-backed IPOs surge to highest level since the Great Recession


Venture-backed IPOs surge to highest level since the Great Recession
Eric Blattberg / VentureBeat

The floor of the New York Stock Exchange during Twitter’s IPO on Nov. 7, 2013.

2013 was a good year to be a venture capitalist.

In the fourth quarter of 2013, 24 venture-backed companies made their initial public offerings, collectively raising $5.3 billion. It was the third consecutive quarter with more than 20 VC-backed IPOs, making 2013 the best year for new listings since 2007, the year before the Great Recession, according to data collected by Thomson Reuters and the National Venture Capital Association (NVCA).

Overall, 82 venture-backed companies offered their initial public shares in 2013, raising more than $11.2 billion. 2012′s dollar total was higher, at nearly $21.5 billion, but that’s largely attributable to Facebook’s $16 billion IPO; 48 other companies account for the remaining $5.5 billion. Excluding Facebook’s blockbuster IPO, this past quarter marks the highest dollar total raised by venture-backed companies since the second quarter of 2011.

Twitter had the most widely discussed IPO of the year, generating a record $1.8 billion for the company (and another $300 million in the following days, when Twitter’s underwriting banks exercised their option to sell an additional 10.5 million shares). But the biotech sector was the year’s quiet winner, accounting for more than half the IPOs in 2013.

The strength of the overall IPO market in 2013 — especially in biotech – is thanks to the JOBS Act’s onramp provision, said NVCA’s research chief in a statement. The JOBS Act eases the process of going public for “emerging growth companies,” or businesses with less than $1 billion in annual revenues, enabling them to submit registration statements to the SEC on a confidential basis.

Because of the SEC doesn’t publish statistics on the number of confidential IPO registrations it receives, the IPO pipeline has become cloudier, but that doesn’t appear to have hindered the success of IPOs. Of the 24 companies that went public in the fourth quarter, 22 are trading at or above their offering price.

Merger-and-acquisition deals didn’t fare as well in 2013, however. With 377 acquisitions of venture-backed companies this year, 2013 was the slowest year for M&A deals since 2009.

For more details on the IPOs and M&A deals of 2013, check out the chart below.

IPO and M&A chart (2013)

http://venturebeat.com/2014/01/02/venture-backed-ipos-surge-to-highest-level-since-the-recession/

Wall St. closes flat after Fed comments


By Ryan Vlastelica

NEW YORK Fri Jan 3, 2014 8:19pm EST

1 of 2. Traders work on the floor of the New York Stock Exchange at the opening bell in New York, January 2, 2014.

Credit: Reuters/Carlo Allegri

(Reuters) – U.S. stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program.

Wall Street opened higher but subsequently pared gains after Philadelphia Fed President Charles Plosser said the Fed faced “immense” challenges now that it had reduced bond-buying, and that it needed to be cognizant of a potential rapid rise in future inflation.

Volatility was exacerbated by light trading volume, with about 4.61 billion shares traded on all U.S. platforms, according to BATS exchange data, well below average, with many market participants out in the wake of the New Year’s holiday, as well as a snowstorm in the northeast.

“Plosser suggested that it might not be an easy or smooth process for the Fed to unwind its balance sheet, which could have been be an indication the Fed could act sooner on ending bond buying than is currently expected,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Following Plosser’s comments, Fed Chairman Ben Bernanke said that the central bank was no less committed to accommodative monetary policies despite the recent announcement that it would slow its stimulus program. He also said the U.S. economic recovery “clearly remains incomplete.

Equities briefly turned positive following the comments before returning to breakeven territory.

General Motors (GM.N) fell 3.4 percent to $39.57, one of the S&P 500′s biggest decliners, after the automaker reported lower December sales, below analysts’ expectations of a slight gain. Ford Motor Co (F.N) rose 0.5 percent to $15.51 after its sales.

The Dow Jones industrial average .DJI was up 28.64 points, or 0.17 percent, at 16,469.99. The Standard & Poor’s 500 Index .SPX was down 0.62 points, or 0.03 percent, at 1,831.36. The Nasdaq Composite Index .IXIC was down 11.16 points, or 0.27 percent, at 4,131.91.

The S&P’s slight decline marked the first time since 2005 that the benchmark index started a year with two straight negative sessions. For the week, the Dow fell less than 0.1 percent while both the S&P and Nasdaq lost 0.6 percent.

“Valuations are full, but not egregiously rich right now,” said Luschini, who oversees about $60 billion in assets. “In order for markets to really outperform now, we need to see better growth develop and for earnings to brighten considerably.”

Crude oil fell 1.3 percent, bringing its 2014 year-to-date losses to 4.3 percent, a fact that boosted airline stocks on Friday. Delta Air Lines (DAL.N) rose 5.5 percent to $29.23 as the S&P’s biggest gainer while Southwest Airlines (LUV.N) rose 2.9 percent to $19.42.

FireEye Inc (FEYE.O) surged 39 percent to $57.02 after the cybersecurity company acquired Mandiant Corp, the computer forensics specialist best known for unveiling a secretive Chinese military unit believed to be behind a series of hacking attacks on U.S. companies.

Twitter (TWTR.N) gained 2.2 percent to $69. Shares in the social media company burst out of the gate in 2014 with a gain of more than 8 percent.

About 62 percent of stocks traded on the New York Stock Exchange closed higher on the day, while 59 percent of Nasdaq-listed shares ended in positive territory.

(Editing by Nick Zieminski)

http://www.reuters.com/article/2014/01/04/us-markets-stocks-idUSBRE9BT0D720140104

Stocks open 2014 lower on Wall Street


http://finance.yahoo.com/news/stocks-open-2014-lower-wall-street-145306348–finance.html

Associated Press

4 hours ago
FILE - In this Tuesday, Dec. 31, 2013, file photo, a trader wears glasses celebrating the new year while working on the floor at the New York Stock Exchange in New York. U.S. stock futures are under pressure Jan. 2, 2014, after markets in 2013 saw their biggest gains in nearly two decades. (AP Photo/Seth Wenig, File)
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FILE – In this Tuesday, Dec. 31, 2013, file photo, a trader wears glasses celebrating the new year while working on the floor at the New York Stock Exchange in New York. U.S. stock futures are under pressure Jan. 2, 2014, after markets in 2013 saw their biggest gains in nearly two decades. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — Stocks are opening lower on Wall Street as the market comes off of its biggest annual gain in nearly two decades.

The Dow Jones industrial average was down 91 points, or 0.6 percent, at 16,486 in early trading Thursday.

The Standard & Poor’s 500 index was down 10 points, or 0.6 percent, at 1,838 and the Nasdaq composite was down 31 points, or 0.8 percent, at 4,144.

The yield on the 10-year Treasury note edged up to 3 percent from 2.97 percent Tuesday.

Markets were closed Wednesday for New Year’s Day.

The S&P 500 rose nearly 30 percent in 2013, its best year since 1997.

Macy’s and Martha Stewart Living Omnimedia rose after the two companies said they ended a standoff over a breach-of-contract lawsuit involving J.C. Penney.

http://finance.yahoo.com/news/stocks-open-2014-lower-wall-street-145306348–finance.html

Twitter shares touch new high, sail past $52


By Gerry Shih

SAN FRANCISCO Tue Dec 10, 2013 2:47pm EST

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The Twitter symbol is displayed at the post where the stock is traded on the floor of the New York Stock Exchange, November 15, 2013. REUTERS/Brendan McDermid

The Twitter symbol is displayed at the post where the stock is traded on the floor of the New York Stock Exchange, November 15, 2013.

Credit: Reuters/Brendan McDermid

(Reuters) – Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.

Read more – > http://www.reuters.com/article/2013/12/10/us-twitter-shares-idUSBRE9B810Y20131210

 

Twitter shares soar 92 percent in frenzied NYSE debut


Image representing Twitter as depicted in Crun...

Image via CrunchBase

 

(Reuters) – Twitter Inc soared as much as 92 percent in its first day of trading on Thursday on the New York Stock Exchange as investors snapped up shares in the popular microblogging site in a frenzy that recalled the days of the dot-com bubble.

 

The shares opened at $45.10 a share, up from the initial public offering price of $26 set on Wednesday, then added to those gains, hitting a high of $50. They were up 73.7 percent to $45.15 at midday.

 

Source

 

Read more:  http://www.reuters.com/article/2013/11/07/us-twitter-ipo-idUSBRE99N1AE20131107

 

 

Twitter quitters dog IPO


Image representing Twitter as depicted in Crun...

Image via CrunchBase

 

(Reuters) – Retired schoolteacher Donald Hovasse signed up for Twitter about a year ago at the urging of his daughter. He lost interest after trying the service a few times and finding lots of celebrities but few of his friends using the online social network.

 

“I didn’t really get the point of it at all,” said the Las Vegas resident. “Most of them were people I wasn’t interested in hearing what they had to say anyway.” He said, however, that he does check Facebook every day to see what his friends are up to.

 

Source

Read more: http://www.reuters.com/article/2013/10/20/net-us-twitter-users-idUSBRE99J03920131020

 

 

Men are silhouetted against a video screen with a Twitter logo as he poses with a Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of Zenica

Twitter to make IPO filing public this week: Quartz


Source Reuters!

Men are silhouetted against a video screen with a Twitter logo as he poses with a Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of Zenica

(Reuters) – Twitter Inc plans to make its IPO filing public this week, news website Quartz reported on Sunday, citing a person familiar with the social media network‘s plan.

Twitter, which is expected to be valued at up to $15 billion, filed with U.S. regulators on September 12 to go public, but did so confidentially and without providing a timeline under a process available to emerging growth companies.

Quartz said that Twitter’s IPO could still be delayed by a variety of factors, from changes to the prospectus to market conditions, to a potential shutdown of the U.S. government. Representatives for Twitter did not immediately respond to a request seeking comment on the Quartz report.

Twitter is leaning toward picking the New York Stock Exchange over Nasdaq for its highly anticipated initial public offering, a person familiar with the matter said last week.

Another person familiar with the matter said earlier this month that Twitter aimed for its shares to trade in the stock market before the U.S. holiday of Thanksgiving on November 28, a timeline also reported by Quartz on Sunday.

(Reporting by Greg Roumeliotis; Editing by Edwina Gibbs)

 

Best Buy Posts First Quarterly Profit In A Year

Best Buy Is Still Alive, But How?!?!? (QUICK READ)


The following excerpt is from the Huffington Post!

All but given up for dead a year ago — when it was fighting against shrinking revenues, bad publicity, and crushing competition from industry rival Amazon — Best Buy appears to have found a second life.

The embattled electronics retailer posted results on Tuesday that shocked most long-time observers, including a huge jump in quarterly profit that totaled over 20 times last year’s earnings from the same period. In the New York Stock Exchange, shares of the company jumped nearly 13% from a day before to $34.65 each, reaching levels not seen since 2011.

Of course, the chain isn’t out of the woods yet. Notably, the firm’s credit is still rated as “junk” by credit-rating agencies Standard & Poor’s and Fitch. While it’s too early to call Tuesday’s earnings results a real turnaround, the figures are certainly a positive step.

Best Buy Posts First Quarterly Profit In A Year