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Aug 26, 2011

Buffett trades off his reputation, returns follow

NEW YORK (Reuters) – Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Bank of America Corp (BAC.N: Quote, Profile, Research) on Thursday said Buffett’s Berkshire Hathaway (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) would invest $5 billion (3.06 billion pounds) in the bank, the largest by assets in the United States.

Aug 26, 2011

Analysis: Buffett trades off his reputation

NEW YORK (Reuters) – Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Bank of America Corp on Thursday said Buffett’s Berkshire Hathaway would invest $5 billion in the bank, the largest by assets in the United States.

Aug 26, 2011

Analysis – Buffett trades off his reputation, returns follow

NEW YORK (Reuters) – Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Bank of America Corp on Thursday said Buffett’s Berkshire Hathaway would invest $5 billion (3 billion pounds) in the bank, the largest by assets in the United States.

Aug 22, 2011

Groupon’s Mason to tie the knot right after planned IPO

NEW YORK, Aug 22 (Reuters) – This fall is shaping up to be
one to remember for Groupon Chief Executive Andrew Mason.

The co-founder of the online coupons empire is planning to
make his company public. He is also planning to tie the knot
with “dream-pop” musician Jenny Gillespie, who has several
albums out, including one on which Mason plays accordion.

Aug 18, 2011

Market turmoil puts damper on IPOs

NEW YORK, Aug 18 (Reuters) – The latter part of the third
quarter is shaping up to be a weak period for U.S. initial
public offerings.

Last week’s market panic scared many companies into
postponing their IPOs, and lingering economic and political
uncertainty raises the possibility that deals may not be
revived at all this quarter.

Aug 17, 2011

China’s Tudou falls in stock market debut

NEW YORK, Aug 17 (Reuters) – Shares of Chinese online video
company Tudou Holdings Ltd (TUDO.O: Quote, Profile, Research, Stock Buzz) fell 11.9 percent in their
stock market debut on Wednesday and an analyst said the deal
had been overpriced.

Tudou was one of just a handful of companies to price an
IPO and begin trading amid tumultuous markets. However, after
pricing at the midpoint of the expected range the shares closed
their first day of trading at $25.56, or 11.9 percent below
their IPO price.

Aug 16, 2011

China’s Tudou IPO prices within range -underwriter

NEW YORK, Aug 16 (Reuters) – Chinese online video company
Tudou Holdings Ltd priced shares in its initial public offering
within the expected range on Tuesday, even though investor
sentiment toward U.S.-listed Chinese stocks and a market rout
had suggested it would be difficult.

Investor appetite for U.S.-listed Chinese stocks has proven
touchy after a series of accounting scandals, and 10 of the 12
IPOs scheduled for last week were pulled as concerns about the
U.S. economy and the European debt crisis created a volatile
trading environment. [ID:nN1E77B1QZ]

Aug 11, 2011

SandRidge Permian Trust falls, Carbonite rises

NEW YORK (Reuters) – The shares of an oil and gas company fell in their stock market debut and those of a computer backup company rose after tumultuous markets curtailed most initial public offerings scheduled for this week.

SandRidge Permian Trust (PER.N: Quote, Profile, Research, Stock Buzz), which raised $540 million in its IPO, may have benefited from the recent S&P downgrade of U.S. government’s credit rating, an analyst said.

Aug 11, 2011

Two U.S. IPOs price, four others postponed

NEW YORK (Reuters) – SandRidge Permian Trust raised about $540 million in its initial public offering but had to price its shares a dollar under the expected price range, according to an underwriter.

The Trust, which is promising investors a cut of its proceeds from selling oil, natural gas and natural gas liquids, sold 30 million shares at $18 per share. It had planned to sell 31.5 million units for $19 to $21 each.

Aug 10, 2011

One U.S. IPO prices, three others postponed

NEW YORK (Reuters) – Carbonite, which sells Web-based computer backup products, priced shares in its initial public offering at the bottom of a lowered range on Wednesday, the first company to complete an IPO in what has turned into a dramatic market rout.

Carbonite and its owners raised $62.5 million by selling 6.25 million shares at $10 each, according to an underwriter. The company earlier on Wednesday lowered its expected price range to $10 to $11 per share from $15 to $17 per share.

    • 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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