Facebook (FB) stock rallied nearly 4% Wednesday, crossing $30 a share for the first time in six months.
The social network sent media invitations late Tuesday for an event at its Menlo Park, Calif. headquarters on January 15. The invitation called for reporters to "Come and see what we're building," fueling speculation that the company will make a major product announcement.
Hitting $30.28 Wednesday, the highest level since mid-July, shares of Facebook are MOREHibah Yousuf - Jan 9, 2013 12:48 PM ET
SolarCity (SCTY) is shining on its first day of trading.
In its debut on Nasdaq (NDAQ) Friday, SolarCity closed 47% above its $8-a-share initial public offering price.
To get that pop, SolarCity was forced to scale back its expectations. The company had originally tried to price its offering between $13 and $15, which would have given it a valuation close to $1 billion, and raised $141 million.
Even though the company upped MOREMaureen Farrell - Dec 13, 2012 12:50 PM ET
YY, the first Chinese company to brave the U.S. initial public offering market since April, was expected to meet a wary investor base Wednesday. Yet YY's (YY) stock managed to rise 10% in its debut on Nasdaq (NDAQ).
A Chinese Internet social media platform with a focus on gaming and video chats, YY, priced its offering at $10.50, the low end of its expected range. The company raised $82 million for MOREMaureen Farrell - Nov 21, 2012 11:04 AM ET
Shares of home furnishing retailer Restoration Hardware (RH) surged in their debut on the New York Stock Exchange Friday morning.
The retailer raised $122 million in its IPO, which priced at $24 a share -- the high end of its estimated range. It will use the bulk of the proceeds to pay down debt and pay management fees to its private equity owners -- Catterton, Tower Three and Glenhill -- MOREMaureen Farrell - Nov 2, 2012 12:35 PM ET
Massachusetts regulators on Friday fined a Citigroup unit $2 million for failing to prevent analysts from illegally leaking confidential information about Facebook's initial public offering.
Citigroup (C) was one of several banks that competed to underwrite Facebook's (FB) IPO, along with lead underwriter Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC) and others.
Under U.S. securities law, IPO underwriters are not allowed to publish research on a company until MOREBen Rooney - Oct 26, 2012 11:11 AM ET
Share of Workday soared 74% as they made their stock market debut on the New York Stock Exchange.
The company provides a cloud-based software for companies to manage human resources functions like payrolls, time tracking and employee expense management. It raised $637 million in its initial public offering after pricing 22.8 million shares at $28 a piece, $2 above the high end of its estimated range. That makes it the largest MOREHibah Yousuf - Oct 12, 2012 5:40 PM ET
Investors are making a bold gamble that the housing rebound will be steep and swift with the initial public offering of Realogy.
Realogy, which owns Century 21, Coldwell Banker, Corcoran and Sotheby's International Realty, raised more than $1 billion through its initial public offering that priced Wednesday night at $27 a share -- the high end of its estimated range. It's the third-largest IPO of the year behind Facebook (FB) and MOREMaureen Farrell - Oct 11, 2012 11:54 AM ET
LifeLock hasn't found much security in the public markets yet.
Shares of the maker of identity theft protection services, which began trading Wednesday under the ticker "LOCK" (LOCK), fell nearly 7% in their New York Stock Exchange (NYX) debut.
LifeLock was poised for an inauspicious kickoff. The company's underwriters priced the 15.7 million shares sold in the IPO at $9 -- below the expected range of $9.50 to $11.50. The IPO generated MOREMaureen Farrell - Oct 3, 2012 11:06 AM ET
Since its botched initial public offering in May, investors have heatedly discussed the following question about Facebook (FB): How low can it go?
After surging last week to a recent high of above $23 a share from its all-time low of $17.55, it looked like the Facebook fans finally had reason to celebrate. But Facebook's stock plummeted more than 9% Monday after an article appeared in Barron's over the weekend which MOREMaureen Farrell - Sep 24, 2012 1:03 PM ET
Nasdaq defended its proposed $62 million compensation plan for firms hurt by its botched IPO of Facebook (FB).
In a letter sent to the Securities and Exchange Commission late Wednesday, Nasdaq (NDAQ) called the payout "fair and equitable."
The exchange operator told the SEC that, by law, it only owes trading firms, or so-called market makers, $500,000 based on SEC limits. "The proposed accommodation pool goes well beyond what is required under current MOREMaureen Farrell - Sep 20, 2012 2:17 PM ET
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