Bain Capital related stories
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- Slideshow: Top 10 Biggest Winners in LinkedIn's Moon-Shot IPO
Remember when I speculated that the LinkedIn IPO might not make Reid Hoffman a billionaire /login.php?p=/94166/maybe-reid-hoffman-won%E2%80%99t-be-an-instant-billionaire/ Open mouth, insert foot. With LinkedIn's initial public offering today, Herr Hoffman is a billionaire two times over (at least at LNKD's intraday share price of more than $100). But the LinkedIn co-founder isn't the only one who has made out like a bandit in the IPO. Four venture firms -- Bain Capital, Bessemer Venture Partners, Greylock Partners and Sequoia Capital -- as a group hold shares worth in excess of $4 billion. Following is a slideshow of the top 10 biggest winners in the IPO -- based on LNKD's price of $107.00 per share at 12:27 p.m. EDT. Given that the stock zoomed from an opening price of $80 to as much as $122.70 today, it is anyone's guess as to where it will finally close at the end of the day. Still, that won't affect our rankings.
- LinkedIn Prices At $45 a Share, Raises $352.8 Mln--UPDATED
UPDATE: LinkedIn came in at the top of its expected price range, raising $352.8 million. The social network for professionals sold 7.84 million shares at $45 each http://press.linkedin.com/press_center/?id=222 the top of its $42 to $45 price range, which had been increased earlier this week. It's previous price range was $32 to $35 a share. The Wall Street Journal said LinkedIn will begin trading http://blogs.wsj.com/deals/2011/05/18/the-linkedin-ipo-millionaires-club/ tomorrow with a market value of $4.3 billion.
- ABILITY Network Seals $27M from Bain
Web-based healthcare company ABILITY Network Inc. has sealed $27 million from Bain Capital Ventures, the venture and growth affiliate of Bain Capital, and existing investor Lemhi Ventures. The money will help support the company’s network, which is designed to to improve administrative efficiency and patient care. ABILITY Network is based in Minneapolis.
- LinkedIn Sees IPO of Up to $274M
Business networking company LinkedIn will offer 7.84 million shares in its initial public offering, pricing the shares between $32 and $35 apiece, Reuters reported. At the high end, LinkedIn could raise up to $274 million in the IPO. The company is offering 4.8 million shares, and the rest by stockholders including Goldman Sachs, McGraw-Hill Companies Inc. and Bain Capital.
- Lee, Bain Make 2X Money With Warner Music Investment
Warner Music was a very good deal for Thomas H. Lee and Bain Capital. Today, Access Industries agreed to buy http://www.businessweek.com/news/2011-05-06/blavatnik-agrees-to-buy-warner-music-group-for-1-3-billion.html Warner Music in a $3.3 billion deal. Access beat out a bid from Tom and Alec Gores’ Platinum Equity/Gores Group. Access also trumped an offer from Sony which partnered with Guggenheim Partners and investor Ron Perelman. The deal may not be done; the Gores brothers are reportedly considering boosting their offer http://www.bloomberg.com/news/2011-05-06/gores-said-to-weigh-raising-warner-music-bid-to-trump-blavatnik-s-takeover.html for Warner.