Posts Tagged ‘business’

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Epic Tech IPOs: 3 Triumphs, a Travesty, and a Tragedy

A youngster with a disdain for wealth, distrustful of Wall Street bankers, suddenly scores millions of dollars for himself and his hacker friends. Ah, Bill Gates was quite the story back in 1986. As Facebook winds down its first day of trading , here’s a look back on the drama of some of tech’s other—sometimes eerily similar—classic IPOs

Published by on May 18th, 2012 at 01:05 pm
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Nine Things You Should Know About Facebook’s IPO

Facebook could be worth nearly $140 billion by today’s market close The social network  priced its shares at $38 apiece, valuing the company at $104 billion. The average first-day “pop” for a technology company is 32 percent ; if Facebook follows that trend, it’ll be worth $137 billion by day’s end.

Published by on May 18th, 2012 at 04:05 am
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The Hubris of Jamie Dimon

Jamie Dimon has the silver mane and piercing, gray-blue eyes of a chief executive officer from central casting, but he talks like one of his own charged-up traders. His blunt words tumble out in a New York hurry. Unlike other financial chieftains, the CEO of JPMorgan Chase ( JPM ) seems to relish using those words to berate the lawmakers and regulators that hold his bank’s fate in their hands

Published by on May 17th, 2012 at 05:05 am

How Did the Original J.P. Morgan Do It?

The United States emerged as the world’s leading industrial nation between the Civil War and the First World War. The towering heights of American capital were dominated by a handful of investment banks, with the most prestigious firm being J.P. Morgan & Co.

Published by on May 15th, 2012 at 03:05 am

STOCKS NEWS SINGAPORE-Vessel-builder STX OSV up, preferred bidder eyed

Tue May 15, 2012 12:05am EDT Shares of offshore vessel builder STX OSV Holdings Ltd extended their gain from the previous day on expectation that its parent company will soon announce a preferred bidder for a stake sale in the Singapore-listed firm. STX OSV shares rose as much as 5.2 percent to S$1.63 on Tuesday, the highest since May 3. The volume was 7.8 million shares, 1.2 times the average full-day volume traded over the past 30 days.

Published by on May 14th, 2012 at 09:05 pm
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