Category: IPO News
By Nathan Pearson Resourcexinvestor.com Tembo Gold Corp. (TSX-V: TEM) has reached a pivotal point in its progression as one of the most exciting new gold plays to be focused on Africa’s prolific Lake Victoria goldfield, a geological terrain and mining belt hosting several multi-million ounce deposits.
Wall Street is abuzz anticipating the announcement of a Facebook IPO, with many expecting a strategy that will give small investors a share in the company. Regular investors and IPO watchers are anticipating some kind of twist – perhaps a provision for the 800 million users of Facebook, a company that promotes itself as all about personal connections, to get in on the action, which is expected as early as Wednesday. ‘Pandemonium is what I expect in terms of demand for this stock,’ says Scott Sweet, senior managing partner at IPO Boutique, an advisory firm
One of the tech world’s most persistent rumours made solid, Facebook ‘s official filing of its forthcoming initial public offering generated the predictable torrent of scrutiny and discussion. But much of that discussion centred around the IPO’s oddness. Though going public is something of a rite of passage for a company of Facebook’s size, it isn’t easy to pin down why it’s choosing this moment to do so.
Online review site Yelp gearing up for its IPO next week, but once the company hits the New York Stock Exchange on March 2, should consumers line up to buy the company’s stock? Yelp filed its initial public offering with the SEC on Nov
SINGAPORE/NEW DELHI (Reuters) – Reliance Communications has appointed another two banks for the upcoming $1 billion IPO of its undersea cable unit in what may be the biggest stock listing in Singapore this year, two sources said. Standard Chartered and DBS Group Holdings will join Deutsche Bank as the main advisers in an initial public offering, which will help the debt-laden Indian telecom firm reduce a debt burden that stood at $6.9 billion as of December. The IPO — which is likely to be in the form of a business trust — is expected to be launched in the second half of the year, two sources with direct knowledge of the deal told Reuters.
By msnbc.com staff Online review site Yelp has set a price target for its planned public stock offering, which could raise as much as $115 million in what would likely be the first IPO for a major Internet company this year. Based in San Francisco, the user-generated review website said Thursday it plans to sell 7.1 million shares for $12 to $14 each, while its charitable foundation will sell 50,000 shares and investment bankers have the option to sell an additional 1.07 million shares. Yelp filed registration documents to go public three months ago, and now looks to be within weeks of its first stock offering, as IPO pricings usually happen a few weeks before a company enters the public markets
Yelp’s $100 million IPO is set for March 2, according to a report. Dow Jones is reporting the company plans to sell 7.15 million shares to the public at $12 to $14 each.