IPO Quiet Period Needs &#39;Good, Hard Look&#39; -SEC Chief
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The rules on what executives may and may not say during the run-up to launching a company onto the public markets need a &quot;good, hard look,&quot; the top US securities regulator said on Wednesday.
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SEC seems determined to move toward an international standard.
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The new IPO is addressing a huge market opportunity, but at the current valuation, it's probably better to wait before investing.
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The U.S. Securities and Exchange  Commission on Wednesday proposed stricter rules to halt  underwriting practices that artificially boost demand for  shares in initial public offerings.
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After spending the past few years mounting a strong corporate governance campaign, the Securities and Exchange Commission (SEC) announced Friday that it would start easing its rules
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Leading shares closed weaker in quiet trade as a lack of fresh direction from Wall Street left investors largely sidelined despite fresh M&amp;A news surrounding ICI.
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AUGUST 26, 2004  - As expected, the US Securities and Exchange Commission today announced that it will delay an accelerated filing period for annual reports -- a move expected to help big companies transition more easily to year-end
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The U.S. Securities and Exchange Commission voted 5-0 on Tuesday to propose sweeping changes in how companies offer stock, including eliminating the so-called pre-offer "quiet period" for very large companies.
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Investors will soon get clarity on an uncertain quarter.
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DAVOS, Switzerland  - U.S. financial regulators  need to be ready in case of a crisis in the hedge fund industry  and will amend rules if necessary, the head of the Securities  and Exchange Commission said on Saturday.
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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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(InfoWorld) - Though business demand for IT products remains moderate, IPOs point to a healthy sector that is instilling confidence among investors. But IT is not back to the days of the bubble. Gone are the days when companies issue IPOs on promises alone. "You need real products and services, tangible results," said Eric Gebaide, managing director of Innovation Advisors, an investment banking firm. Companies generally need about $50 million in revenue before going public, he said. The IPO market is better now than it has been for years, and IT has nabbed a good share of investor funds, according to an IPO survey issued this week by Thomson Financial and the National Venture Capital Association. In May, there were 11 IPOs in the U.S., more than for any month since October 2004. For the first five months of the year, the number of IPOs, and their dollar amount, hit their highest level since 2000, right before the dot-com bubble burst. Of the 33 IPOs so far this year, and the $5.1 billion they raised, IT's share lagged behind medical, health, and life sciences. But the biggest IPO was for a wireless communications company, MetroPCS Communications, with an offering that raised an initial $1.15 billion. Also, average performance for IPO companies so far this year is strongest in IT, where companies have realized a 13.9 percent increase from offer price to close, according to IPO survey. Medical, health, and life sciences IPO companies realized a 2.2 percent increase, and non-high tech sectors registered a 6.6 percent increase. Valuations are also up in general, to $156.7 million per IPO for the year so far, an all-time record. "Revenue growth and profitability are driving valuations up," said Gebaide. For IT, investors have seen eight to 10 quarters of solid revenue, he noted. Companies are more confident about financial forecasts, which also boosts confidence in tech, he said. An example this week was Texas Instruments's midquarter forecast Tuesday. It said second-quarter earnings would be $0.40 to $0.44 a share, compared with its prior estimate of $0.39 cents to $0.45 cents a share. Though the upper end of the forecast was pulled down, the midpoint of the forecast still aligns to the $0.42 per share predicted by analysts polled by Thomson Financial. The TI shares slipped on the news, but the major brokerages, which forecast good profit margins and strong product cycles for the company, reiterated their positive ratings on the company. All of this is happening in a market where corporate IT spending remains moderate. A recentÂ ChangeWave Research poll, for example, reported that the percentage of companies planning to increase their spending on technology has fallen to its lowest point in the last four years. But demand among consumers and interest in certain technologies is strong. For example, IDC this week raised its 2007 PC industry forecast. Vendors will ship 256.7 million units in 2007, a 12.2 percent increase from the previous year, it said. IDC had previously forecast a growth rate of 11.1 percent. Consumers were attracted by low prices on notebooks, Microsoft's Vista, and the new generation of dual-core chips, IDC said. For their part, venture capitalists are generally interested in Web 2.0, e-commerce, mobile communications and security technology, Innovation Advisors' Gebaide said.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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The Securities and Exchange Commission is promoting a legal standard that would make it harder for shareholders to win fraud lawsuits against companies and executives.
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Google&#39;s public share offering is expected to go ahead as early as today following a request for final regulatory approval from the US Securities and Exchange Commission.
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The U.S. Securities and Exchange Commission (SEC) on Wednesday gave its approval for Google to proceed with its initial public offering (IPO).
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The stock looks reasonably valued but some core businesses are struggling to grow.
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Turbulence in the financial markets will take some time to be resolved, said Secretary of the Treasury Henry M. Paulson Jr. on Wednesday.