eCOST.com Cuts IPO Price to &#36;7 a Share from &#36;9-&#36;11
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Online discount retailer eCOST.com said on Wednesday that it expects its planned initial public offering will price at &#36;7 per share, a reduction from its previously stated range of &#36;9 to &#36;11 per share.
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Google has asked the Securities and Exchange Commission to make its registration statement effective at 4 pm Eastern time on Tuesday. If the company follows the usual IPO pattern, the share price would be set and the offering ...
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Google Inc. slashed the size of its closely watched initial public offering nearly in half to less than $2 billion on Wednesday, splashing cold water on what has been touted as the hottest Internet IPO in years.
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The search-engine giant, which was expected to go public as early as Wednesday, instead has slashed the deal&#39;s expected price range and cut the number of shares being sold by existing shareholder in half. The new parameters suggest a newly public Google ...
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SAN JOSE, Calif. - The Securities and Exchange Commission granted final approval Wednesday to the paperwork required for Google Inc.'s initial public offering, paving the way for the Internet search giant to set a price for its shares and begin selling them after several stumbles and a last-minute downward revision on the size of the offering...
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering will not be as hot or big as expected, the Internet search giant said Wednesday it had lowered its estimated price range to between $85 and $95 per share, down from its earlier forecast of between $108 and $135 per share...
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Google Inc., the Web search engine, on Wednesday slashed the price range on its eagerly awaited initial public offering to between &#36;85 and &#36;95 per share from &#36;108 to &#36;135 per share.
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The initial public offering once touted as the hottest Internet IPO in years may have lost some of its momentum. Google Inc. announced Wednesday it has slashed the size of its IPO nearly in half and lowered its estimated price range.
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Google Inc.'s GOOG.O initial  public offering of 19.6 million shares priced at $85 each, the  low end of their projected range, a source familiar with the  auction said on Wednesday, raising $1.67 billion and making it  the fourth-largest U.S. IPO this year.
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Three new stocks scheduled to begin trading this week - including Google Inc.&#39;s highly anticipated initial public offering - slashed their expected price ranges Wednesday morning as the IPO market readies for a one-month break from trading debuts after ...
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NetSuiteâs shares priced at $26 apiece late Wednesday, far above the expected price range of $13 to $16 that it initially reported in its registration to go public.
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NetSuite has raised the estimated price range for its IPO (initial public offering) to $16 to $19, from the original $13 to $16.The company made the disclosure in a document filed Tuesday with the U.S. Securities and Exchange Commission.The company is&#160;following the lead of Google in conducting an online, auction-style IPO, instead of having underwriters set the price.&#160;The auction opened on Dec. 10&#160;and NetSuite said at the time it expects the stock&#39;s price to be finalized on Wednesday.NetSuite, which sells a line of hosted business software, is putting up 6.2 million shares of common stock. NetSuite expects to net about $98.4 million after expenses from the IPO, it said in the filing. That estimate assumes the stock will price at $17.50.NetSuite has said it plans to use money generated by the IPO to pay off an $8 million balance on a line of credit with Tako Ventures, an entity controlled by Oracle CEO Larry Ellison, and to possibly make acquisitions.Ellison controls about 60 percent of NetSuite&#39;s outstanding stock, which works out to about 31.9 million shares. He plans to put those shares into a &quot;lockbox&quot; limited-liability company, a move that would &quot;effectively eliminate&quot; his voting control and thereby avoid potential conflicts of interest, NetSuite has said.
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Google cut its price range to between $85 and $95 a share, down from $108 to $135, valuing the company at as much as $25.8 billion.
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PeopleSoft (PSFT:Nasdaq - news - research) Wednesday publicly rejected Oracle&#39;s (ORCL:Nasdaq - news - research) $24-a-share takeover offer, saying the $8.
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NetSuite on Wednesday set the initial price of its stock at $26, greatly exceeding its original estimate.The company is selling 6.2 million shares of stock. It said in a filing with the U.S. Securities and Exchange Commission that the proceeds from the sale would net it $151.9 million after expenses.NetSuite, which sells a line of hosted business software, company initially set the suggested price range for its stock at $13 to $16, and&#160;subsequently raised it&#160;to $16 to $19 and&#160;then $19 to $22. The stock is now trading on New York Stock Exchange under the symbol &quot;N.&quot; After rising to $39.01, shares had dropped to $25.76 at 10 a.m. Eastern Time.The company set the price by running an&#160;online &quot;Dutch&quot; auction, in the same fashion of search giant Google, instead of having underwriters set the price.Scott Sweet, managing director of IPOboutique.com, a firm that tracks the IPO market and offers investment advice, said NetSuite is greatly overvalued as a result of the auction.&quot;Once again the Dutch auction concept failed to live up to its self-described mantra as being a better conduit in the pricing of an IPO by the investors than the standard method of pricing by the underwriters,&quot; he said in an e-mail message Thursday. &quot;In past Dutch auction deals, and it appears the same in this case, investors put in overzealous high bids to &#39;beat&#39; others in a scramble to get shares. In doing so, it is highly likely that it has greatly diminished the IPO&#39;s performance and highly overvalued the company.&quot;NetSuite has said it plans to use proceeds from its IPO to pay off an $8 million balance on a line of credit with Tako Ventures, an entity controlled by Oracle CEO Larry Ellison, and to possibly make acquisitions.Ellison controls about 60 percent of NetSuite&#39;s outstanding stock -- some 31.9 million shares.NetSuite said Wednesday that Ellison has now completed the transfer of those shares into a holding company, NetSuite Restricted Holdings. The move is meant to &quot;effectively eliminate&quot; Ellison&#39;s voting power and avoid potential conflicts of interests, NetSuite said.
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Molecular Insight Pharmaceuticals, Inc. announced today the pricing of  its initial public offering of 5.0 million shares of common stock at a  price of $14.00 per share. All of the shares are being sold by  Molecular Insight.
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Billionaire Kirk Kerkorian's Tracinda Corp. investment firm on Wednesday said it had sold $462 million of stock in General Motors Corp this week, cutting its stake in the automaker to 7.4 percent from 9.9 percent.