Private Equity
(Reuters) - Online radio company Pandora Media (NYSE: P) priced shares in its initial public offering above an already raised range on Tuesday, the latest company to take advantage of red-hot valuations for Internet companies. The venture-backed company priced its shares at $16 each, according to a source familiar with the deal. The company raised $235 million based on 14.7 million shares it planned to sell, according to a government filing. Late last week, Pandora increased its price target range to
3 min read · 15 June 2011
4 min read · 14 June 2011
3 min read · 14 June 2011
(Reuters) - On an overcast day in May, a clutch of the world's most powerful investors gathered in a 19th-century mansion in Moscow to hear a proposition from Vladimir Putin: invest in Russia, and we will invest with you. For forty minutes at the government's Vozdvizhenka guest house, the prime minister addressed private equity and sovereign wealth funds representing a combined $2 trillion of wealth. He was pitching a plan to launch a $10 billion state-backed fund that Russia hopes can win over those foreign investors who still regard the country as a no-go zone. There was "a lot of back and forth and some tough
7 min read · 14 June 2011
(Reuters) - Shares of Fusion-io Inc. (NYSE: FIO), which makes storage memory hardware and software for data centers, soared 34 percent in their market debut, as the rush to snap up technology startups showed no signs of waning. Fusion-io's shares sold for an IPO price of $19 apiece, but Thursday's opening price of $25 a share values the company at about $1.95 billion. The company had originally planned to sell shares in the $16-$18 range. UPDATE: The company's shares ended the day at $22.50, up 18% from their IPO price. As of 2:43 p.m. EST, the company's shares were trading for $22.89 each. New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company’s most recent S-1 filing. NEA’s 25.93 million shares are worth more than $593 $583 million at $22.89 $22.50 per share, while Lightspeed’s 8.82 million shares are worth more than $201 $198 million. (Note: Updated with closing share price.)
3 min read · 09 June 2011
1 min read · 09 June 2011
(Reuters) - Fusion-io (NYSE: FIO), which makes storage memory hardware and software for data centers, priced its initial public offering on Wednesday at $19 per share, above its previously announced range, according to a market source. The offering, which consisted of 12.3 million shares, raised $233.7 million. The company had earlier planned to sell shares for $16 to $18 apiece. New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company's most recent S-1 filing. NEA's 25.93 million shares would be worth $493 million at $19 per share, while Lightspeed's 8.82 million shares would be worth
2 min read · 09 June 2011
Cycle Capital Management has invested $2.5 million in American Aerogel Corp. Rochester, N.Y.-based AAC develops and makes aerogel-based insulation products.
3 min read · 08 June 2011
3 min read · 08 June 2011
2 min read · 07 June 2011
