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Tag: ipo
Safeway owner says it has postponed IPO
2015-10-15 22:20:32| Grocery - Topix.net
The principal owner of Pleasanton-based Safeway, Albertsons Cos., said Thursday it has formally decided to delay its initial public offering of stock, blaming the postponement on market conditions. "Given the recent market volatility, Albertsons Cos.
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Deezer launches EUR 300 million IPO
2015-10-15 12:16:00| Telecompaper Headlines
(Telecompaper) French music streaming company Deezer has launched an IPO of 8.24 million shares priced at between EUR 36.40 and EUR 49.24 per share. The initial size of the global offering is EUR 300 million, based on the low end of the price range. An over-allotment option allows the sale of up to 1.24 million existing shares by DC Music, Idinvest Partners, CMCIC Capital, Daniel Marhely, Thomas Erhel and Xavier Niel for EUR 45 million, based on the low end of the price range. The subscription period for the French public offering is expected to close on 26 October and a day later for the international offering. The price will be set on 27 October. The shares are due to start trading on 30 October. Deezer will use the proceeds to develop and enlarge its subscriber base by investing in marketing, leveraging its ad-supported service and customer relationship management, offering promotions in markets participating in direct web and mobile marketing, and through distribution partnerships with telecom operators and other partners.
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Square files for IPO
2015-10-15 09:20:00| Telecompaper Headlines
(Telecompaper) Mobile payments provider Square has filed with the US Securities and Exchange Commission for an initial public offering of shares on the New York Stock Exchange. While the company has yet to set a price range for the share sale, for the purposes of paying a registration fee to the SEC it set the maximum proceeds from the IPO at USD 275 million. The company has no immediate plans for the proceeds and sees the IPO as a way to create a market for its stock. Started in 2009 by Twitter co-founder Jack Dorsey, Square offers a system for small businesses to accept card payments using a smartphone. Dorsey is still the largest shareholder with 24.4 percent of shares and is expected to reduce his stake in the IPO. After selling the software and hardware for a nominal fee, Square receives a small commission on each transaction using its system. Square generated revenues of USD 560.6 million in the first half of this year, up 51 percent from a year earlier, while its net loss was little changed over the same period, at USD 77.6 million versus USD 79.4 million a year ago. Adjusted revenue, which excludes its payment processing agreement with Starbucks, totaled USD 276.3 million last year, an increase of 73 percent from the prior year. Square said it expects to end the agreement with Starbucks within the next year.
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square
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square files
Vodafone leaning towards India IPO
2015-10-14 02:00:00| Total Telecom industry news
CEO Vittorio Colao says listing will depend on market conditions; urges regulators to think of more than revenue when planning spectrum auctions.
Tags: india
vodafone
ipo
leaning
4 Reasons I'm Avoiding The Albertsons Companies IPO
2015-10-13 12:44:49| Grocery - Topix.net
With over 2,200 stores in 33 states, Albertsons Companies Inc. is the second largest supermarket chain in North America behind Kroger . Taken private by Cerberus Capital Management, ABS is coming back to the market to raise just under $2 billion to help pay down their debt.
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avoiding
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