Posts Tagged: ‘IPO’
Last year, Chris and I did a TechStuff episode about Facebook’s IPO and the controversy surrounding it. Facebook’s opening stock price during its IPO was $38 per share. In theory, a company’s stock price should reflect the value (and potential value) of that company. You take the number of shares that exist, multiply it by the share price and you’ve got a rough estimate of a company’s value. In Facebook’s case, that value amounted to a whopping $16 billion. But questions about Facebook’s real value began to pop up shortly after the IPO and that’s where we run into trouble.
Pandora Radio launched an initial public offering (IPO) of company stock this morning, with some success. According to Wired’s Sam Gustin, the company priced the offering at $16 per share, which would value the company at about $2.6 billion. As it turned out, the stock opened at $20. From there it went up to $26, and dropped somewhat. At the end of the day when markets closed, Pandora ended up at $17.42 per share.
News broke today that Groupon has filed for an initial public offering (IPO). The paperwork indicates that Groupon is looking for up to $750 million in this IPO. The filing reveals other interesting information: Groupon employs 7,000 people. It claims 83 million subscribers. In the first quarter of 2011, Groupon earned over $640 million in revenue. Earlier this year, Bloomberg reported that Groupon was discussing a valuation of the company with several banks — a valuation that may have been as high as $25 billion.
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