NEW YORK/LOS ANGELES (Reuters) – Private equity giant Carlyle Group CYL.UL is moving closer to an initial public offering, with banks making pitches this week to underwrite the deal, two sources familiar with the process said on Wednesday.
An offering could be around $1 billion, based on what banks are pitching, one of the sources said. The second source said an offering of around $1 billion would be a reasonable size for Carlyle to target.
NEW YORK (Reuters) – Online radio company Pandora Media Inc raised the proposed value of its initial public offering by almost 50 percent, hoping to catch the investor fever that has taken Internet companies such as LinkedIn to new heights.
The Oakland, California-based company wants to raise about $161.5 million, representing 14,684,000 shares priced at $10 to $12 each.
NEW YORK (Reuters) – Ally Financial, an auto and mortgage lender majority owned by the U.S. government, is delaying a $6 billion IPO due to bad market conditions, two sources familiar with the situation told Reuters.
The roadshow for the initial public offering was expected to launch late this week or early next week, which would have brought the company public before the U.S. July 4 holiday.
NEW YORK (Reuters) – Ally Financial, the auto and mortgage lender majority-owned by the U.S. government, is delaying its initial public offering due to bad market conditions, two sources familiar with the situation told Reuters.
The IPO roadshow was expected to launch late this week or early next week, which would have brought the company public before the U.S. July 4 holiday.
NEW YORK, June 9 (Reuters) – Shares of China-based Taomee
Holdings Ltd (TAOM.N: Quote, Profile, Research, Stock Buzz), which operates a website for children,
fell 6 percent in their stock market debut on Thursday as
U.S.-listed Chinese companies come under more scrutiny
following a series of accounting scandals.
The company, which disclosed major gaps in its internal
financial controls, priced at the bottom of its anticipated
range. Its shares were at $8.46 — 6 percent below their $9 IPO
price — in midday trading on the New York Stock Exchange.
NEW YORK, June 8 (Reuters) – A Chinese company operating a
website for children, which plans to sell shares in an initial
public offering on Wednesday night, has disclosed its auditors
found major gaps in its internal controls.
The admission from Taomee Holdings Limited (TAOM.N: Quote, Profile, Research, Stock Buzz), in its
offering prospectus under the risk factors section, comes at a
time when heightened scrutiny of many U.S.-listed Chinese
companies and the reliability of their accounts has caused
investors to flee their shares.
NEW YORK (Reuters) – Carlyle Group CYL.UL plans to take HCR ManorCare public soon in an offering that could raise roughly $500 million, sources familiar with the matter said.
The initial public offering, which would be the latest of several from private equity owned healthcare companies, could give the nursing home and assisted living facility operator an enterprise value, which includes debt, of up to $2 billion, one of the sources said.
NEW YORK, June 3 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) is the
lead underwriter for Groupon’s initial public offering, which
could be good news for short-term investors and bad news for
the online coupon company.
So far this year, the major tech company IPOs on which
Morgan Stanley has been the lead underwriter have surged on
their first day of trading, suggesting that the shares may have
been priced too modestly.
NEW YORK, June 1 (Reuters) – Three academics say that using
a model they have designed, they have determined definitively
that there was a bubble in LinkedIn Corp’s (LNKD.N: Quote, Profile, Research, Stock Buzz) shares
during the first four days of its trading.
The three have devised a model they say can establish in
real time whether prices in a market are doomed to collapse.
NEW YORK (Reuters) – Rolls-Royce Motor Cars is adding dealers in the United States as the economy recovers and demand for ultra-luxury vehicles returns, the company’s chief executive told Reuters in an interview on Wednesday.
Rolls-Royce ultimately expects to have 38 U.S. dealers and is considering several new locations, including one in the San Francisco Bay Area, CEO Torsten Muller-Otvos said.