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Oct 21, 2011

Groupon’s scaled back IPO to raise up to $540 million

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc plans to raise as much as $540 million in an initial public offering, less than previously planned, as the daily deals website grapples with a weak equities market, executive departures and questions about its accounting and business model.

The company aims to sell 30 million shares, or less than 5 percent of the company, at between $16 and $18 each, according to a regulatory filing on Friday.

Oct 20, 2011

Groupon cutting back size of IPO -sources

NEW YORK/SAN FRANCISCO, Oct 19 (Reuters) – The world’s
largest daily deals company Groupon Inc is cutting the size of
its initial public offering, three people familiar with the
situation said on Wednesday.

Groupon in June filed to raise up to $750 million in its
IPO. It now plans to raise less than that amount, though not
significantly less, one of the sources said. Another of the
sources said Groupon is now planning to raise roughly $500
million.

Oct 19, 2011

Groupon planning IPO launch for next week: sources

SAN FRANCISCO/NEW YORK (Reuters) – Groupon Inc is pushing ahead with plans to go public in the face of a volatile equity market, a recent executive departure and questions about its accounting and financial disclosures, sources said on Tuesday.

Groupon, the largest daily deal company, is planning to launch a roadshow for its initial public offering next week, on Monday or Tuesday, three sources familiar with the situation said.

Oct 14, 2011

U.S. IPO market in cautious recovery

NEW YORK, Oct 14 (Reuters) – The U.S. IPO market may be
recovering, but with small deals rather than big, well-known
companies such as Zynga.

This week’s initial public offering of wireless equipment
maker Ubiquiti Networks Inc broke a 2-month drought in
the U.S. IPO market, suggesting that investors are again
willing to risk their money on new issues.

Oct 14, 2011

Ubiquiti shares rise in Nasdaq debut

Oct 14 (Reuters) – Shares of wireless equipment maker
Ubiquiti Networks Inc rose in their stock market debut
on Friday after the company broke a two-month drought in the
U.S. IPO market.

The stock was at $18.93 in morning trading on the Nasdaq,
26.2 percent above the IPO price.

Oct 14, 2011

Ubiquiti breaks US IPO drought amid Iran controversy

Oct 13 (Reuters) – Wireless equipment maker Ubiquiti
Networks Inc broke a two-month drought in the U.S. IPO market
on Thursday pricing shares in its initial public offering at
the low end of the expected range.

The company and its owners sold 7.04 million shares for $15
each, raising $105.6 million. They had planned to sell 7
million shares for $15 to $17 each. Earlier on Thursday the
company lowered its price range from $20 to $22 per share.

Oct 14, 2011

Ubiquiti breaks US IPO drought amid Iran controversy

Oct 13 (Reuters) – Wireless equipment maker Ubiquiti
Networks Inc broke a two-month drought in the U.S. IPO market
on Thursday pricing shares in its initial public offering at
the low end of the expected range.

The company and its owners sold 7.04 million shares for $15
each, raising $105.6 million. They had planned to sell 7
million shares for $15 to $17 each. Earlier on Thursday the
company lowered its price range from $20 to $22 per share.

Oct 13, 2011

Ubiquiti breaks US IPO drought, but gov’t reviews Iran sales

Oct 13 (Reuters) – Wireless equipment maker Ubiquiti
Networks Inc is poised to break a two-month drought in the U.S.
IPO market on Thursday, but the company remains under review by
the U.S. government for sales of its products to such countries
as Iran and North Korea.

Depending on the outcome of a review by the Department of
the Treasury’s Office of Foreign Assets Control, Ubiquiti could
face fines, lose its ability to export and be referred for
criminal prosecution, it said in its IPO prospectus.

Oct 11, 2011

Wall St jobs, bonus outlook dims for 2011

By Clare Baldwin and Holly McKenna

(Reuters) – Wall Street cash bonuses are likely to drop for the second year in a row, the New York State Comptroller said on Tuesday.

The securities industry, one of the biggest employers in New York State, could also lose another 10,000 jobs by the end of 2012, according to the report.

Oct 11, 2011

Wall Street outlook dims for 2011 -DiNapoli

Oct 11 (Reuters) – Wall Street cash bonuses are likely to
drop for the second year in a row, the New York State
Comptroller said on Tuesday.

The securities industry, one of the biggest employers in
New York State, could also lose another 10,000 jobs by the end
of 2012, according to the Office of the State Comptroller.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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