Since its Initial Public Offering in August 2008, Rackspace Hosting’s share value has grown almost 6 times its original value. This is primarily because of the company’s growth in terms of earnings per share, revenue, and subscriber base. The cloud service provider is currently trading with an impressive profit-to-earnings ratio and analysts are warning investors…
If you think there’s already way too many *aaSes in the market, you should be prepared because there’s more on the way. Venture capitalists are currently enamored with cloud based startups, and are investing heavily in the cloud computing industry, so new services will be coming their way to you very soon. According to statistics…
Groupon, Facebook, and Zynga are currently having difficulties since their initial public offerings. Their losses can go as much as 70%. Currently, public cloud computing companies are not affected. This is primarily because companies like NetSuite and Salesforce.com have already proven themselves since they’ve been around since late 1990s. These companies have already proven that…
Zynga, the San Francisco based company which specializes in Facebook games, priced its initial public offering late Thursday at $10 per share, raising $1 billion with a company value of about $7 billion. This offering makes it the largest Internet-related IPO since Google went public in 2004 with $1.4 billion. The price was at the top of expectation which…
After much anticipation, the date for Groupon’s IPO is set for November 4th where the company seeks to raise $621 million from the offering, valuing it at $11.4 billion. Groupon is planning to offer only 5% of its shares to the public for a price between $16 and $18, listed on the Nasdaq under the…
Silicon Valley is waiting for next IPOs to happen, but the candidates are keeping their exact dates secret – or better flexible. Now there are rumors that Zynga will file for an IPO as early as tomorrow with a valuation between $15 billion and $20 billion. Zynga would raise between $1.5 and $2 billion in…
Pandora, which lets users create their own web personalized “stations” and then makes recommendations based on users’ tastes, traded on the stock market today for the first time. With an IPO price of $16 a share and a $2.6 Billion valuation, Pandora’s stock opened today at $20 and then immediately soared to $26, an increase…
LinkedIn (LNKD: NYSE) and its investors are selling $352.8 million worth of stock in its IPO, marking the Facebook-for-work as the biggest U.S. Internet IPO since Google. According to data provider Capital IQ, the amount of money LinkedIn is raising makes it the fifth-biggest-ever U.S. IPO in the Internet software and services sector. Just for…