Hutchison Telecom Cuts Price Range of Stock in IPO
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Hutchison Telecommunications International Ltd., controlled by Hong Kong billionaire Li Ka- shing, cut its initial public offer by as much as a fifth after investors snubbed the sale because the price was too high.
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UPDATED: Search engine darling Google (Quote, Chart) has slashed the price of its long-awaited public offering by about 30 percent to between $85 and $95 per share and plans to sell fewer shares.
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NetSuite on Wednesday&#160;boosted the estimated price range for its IPO&#160;(initial public offering) for the second time in just two days, according to a filing with the U.S. Securities and Exchange Commission. The range now stands at $19 to $22, after NetSuite raised it to $16 to $19 on Tuesday.
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering isn't as popular as expected, the company lowered its estimated price range to between $85 and $95 per share, down from the earlier prediction of $108 and $135 per share...
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Google Inc., the world&#39;s most popular Web search engine, slashed the price of its share offering Wednesday, as what had been touted as the hottest dot-com listing in years fell prey to worry about a slump in ...
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NetSuite on Wednesday&#160;boosted the estimated price range for its IPO&#160;(initial public offering) for the second time in just two days, according to a filing with the U.S. Securities and Exchange Commission. The range now stands at $19 to $22, after NetSuite raised it to $16 to $19 on Tuesday.The hosted business software company initially set the range at $13 to $16.NetSuite is running the IPO as an&#160;online auction, in the same fashion of search giant Google, rather than following the traditional route of having underwriters set the price.The stock is expected to be priced after the stock market&#39;s close Wednesday. It will be listed on the New York Stock Exchange under the symbol &quot;N.&quot;NetSuite, which sells a line of hosted business software, is putting up 6.2 million shares of common stock. The company said Wednesday it believes it will net about $115.9 million from the IPO after expenses.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.&#160;
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WASHINGTON  Google closed the unusual auction for its shares yesterday and prepared for its stock to begin trading at $85 per share, after weaker-than-expected demand from investors forced it to drastically slash the price and size of ...
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Google, Inc. significantly cut the expected share price for its initial public stock offering this morning, signaling lower-than-anticipated demand for the most highly publicized new stock since the late 1990s.
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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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HONG KONG : Hutchison Whampoa, the ports-to-telecoms conglomerate owned by Hong Kong tycoon Li Ka-shing, reported its first half net profit rose 106 percent to HK$12.5b (US$1.6b).
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US regulators on Friday approved Hutchison Whampoa&#39;s plans to file for an initial public offering of shares in the Hong Kong company&#39;s phone businesses in Hong Kong, India and six other markets.
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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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Hong Kong-based Hutchison Whampoa is to float off its mobile phone businesses in Asia. The huge conglomerate, which has so far sunk US$22 billion into 3G licence acquisition and network build in Europe, hopes
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Billionaire Li Ka-shing&#39;s Hutchison Whampoa Ltd. received approval from US regulators to file for an initial public offer to raise as much as $2 billion in its phone business in Hong Kong, India and six other markets.
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By Connie Guglielmo  Hewlett-Packard, the world's biggest maker of personal computers, said it would withdraw its shares from the Nasdaq Stock Market to reduce its listing fees.
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Dispute over unpaid bills Smart Telecom suspended trading on the AIM on Tuesday in order to protect its falling share price after infrastructure owner Eircom disconnected around 45,000 of its customers.â¦
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Hutchison Telecommunications International (HTIL) hopes to raise as much as HK$8.81 billion from a dual listing in Hong Kong and New York, parent Hutchison Whampoa said.