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Jul 8, 2011

IPO view: Toys R Us IPO taking shape slowly, now seen in 2012

NEW YORK (Reuters) – Selling Barbie dolls and Hot Wheels to children may prove far easier than hawking Toys R Us TOY.UL to investors.

The New Jersey-based company behind the iconic dolls and model cars filed its IPO paperwork in May 2010 but is now not expected to go public until 2012, two sources told Reuters.

Jul 8, 2011

Toys R Us IPO taking shape slowly, now seen in 2012

NEW YORK, July 8 (Reuters) – Selling Barbie dolls and Hot
Wheels to children may prove far easier than hawking Toys R Us
[TOY.UL] to investors.

The New Jersey-based company behind the iconic dolls and
model cars filed its IPO paperwork in May 2010 but is now not
expected to go public until 2012, two sources told Reuters.

Jul 8, 2011

Audit watchdog chief sees 2012 China deal

NEW YORK (Reuters) – The United States and China will likely agree by February to allow joint inspections of China-based audit firms that review U.S.-listed companies, the head of the main U.S. audit watchdog group said on Friday in response to a wave of accounting scandals.

“There is every reason to think we could by January or February of 2012 have in place an arrangement that would provide for true joint inspections in China in which the PCAOB inspection teams would be inspecting audits as we do in 30 other countries, with 30 other foreign regulators and that this is an arrangement which could become permanent and continuous,” James Doty, chairman of the Public Company Accounting Oversight Board, told Reuters Insider in an interview.

Jul 7, 2011

Analysis:U.S.-China audit talks seen making only modest progress

NEW YORK (Reuters) – U.S. and Chinese securities regulators may soon strike a deal that would allow the Americans some access to Chinese auditors, but it is likely to be more superficial than Washington wants.

A string of accounting scandals at U.S.-listed Chinese companies has increased pressure on regulators in both nations to toughen oversight of Chinese auditors.

Jul 5, 2011

Audit watchdog, SEC plan Beijing visit

NEW YORK (Reuters) – U.S. regulators will talk to authorities in Beijing about the oversight of China-based auditors amid growing concern about a highly publicized string of alleged accounting scandals.

U.S. audit watchdog PCAOB and the SEC both confirmed meetings would take place. Neither said when. Bloomberg News reported from Beijing they would take place on July 11 and 12.

Jul 5, 2011

U.S. audit watchdog, SEC plan Beijing visit

NEW YORK, July 5 (Reuters) – U.S. regulators will talk to
authorities in Beijing about the oversight of China-based
auditors amid growing concern about a highly publicized string
of alleged accounting scandals.

U.S. audit watchdog PCAOB and the SEC both confirmed
meetings would take place. Neither said when. Bloomberg News
reported from Beijing they would take place on July 11 and 12.

Jul 1, 2011

Zynga files for IPO of up to $1 billion

NEW YORK (Reuters) – Online game company Zynga Inc filed for an initial public offering hoping to raise up to $1 billion, the latest hot Internet startup to tap investor interest in Internet social media companies.

The company, which makes popular games that people play on the Facebook social network, did not say how many shares it was planning to sell or give an expected price range, according to a U.S. government filing on Friday.

Jun 30, 2011

Macroeconomic worries could slow equity capital markets activity

NEW YORK (Reuters) – Nearly 80 percent more has been raised on U.S. equity capital markets this year than in the same period in 2010, but macroeconomic concerns could trigger a slowdown through the rest of the year, bankers say.

So far this year 409 U.S. equity capital markets deals have raised $136.8 billion, up from the 378 deals that raised $76.5 billion a year ago, according to Thomson Reuters data. The data includes all initial public offerings, follow-on share sales and convertible issuance in the United States as of June 29.

Jun 30, 2011

Macroeconomic worries could slow H2 U.S. ECM activity

NEW YORK, June 30 (Reuters) – Nearly 80 percent more has
been raised on U.S. equity capital markets this year than in the
same period in 2010, but macroeconomic concerns could trigger a
slowdown through the rest of the year, bankers say.

So far this year 409 U.S. equity capital markets deals have
raised $136.8 billion, up from the 378 deals that raised $76.5
billion a year ago, according to Thomson Reuters data. The data
includes all initial public offerings, follow-on share sales and
convertible issuance in the United States as of June 29.

Jun 25, 2011

Has Renren suffered enough from China stocks phobia?

NEW YORK, June 24 (Reuters) – Renren Inc (RENN.N: Quote, Profile, Research, Stock Buzz) was hyped
as the “Facebook” of China, a company that had access to the
world’s largest Internet market, and a good way to ride the
buzz surrounding social media IPOs — but investors who
believed the story are nursing big wounds.

In the two months since its IPO, Renren’s stock has lost
more than half of its value. The company and its owners sold
shares at $14 apiece in early May but since then the stock has
sunk to close at just $6.23 on Friday.

    • 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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