More interesting times have arrived for holders of Facebook stock. The stock, which has been brutally beaten down from its IPO price, faces new challenges as the “lockup” restrictions (which have been in place since the IPO) began to expire on August 16. This means that a significant number of Facebook shareholders are now able… Continue Reading
Category Archives: IPOs
Subscribe to IPOs RSS FeedWhere to list: NYSE or Nasdaq?
Posted in IPOsCoke vs. Pepsi. Apple vs. Microsoft. Energizer vs. Duracell. All are great brand rivalries. Today we look at one of the biggest rivalries in the capital markets space: NYSE vs. Nasdaq. And ever since the Nasdaq debacle with the Facebook IPO, the rivalry has only intensified. Companies going public face lots of decisions including where… Continue Reading
Submissions of draft registration statements under the JOBS Act
Posted in IPOsThe SEC has announced that it will phase out the secure email system currently being used to submit confidential draft registration statements for emerging growth companies under the JOBS Act. A new EDGAR-based system will be implemented soon. We will keep you posted on the change when it happens.
The Facebook IPO – From Sure Thing to Big Mess
Posted in IPOs, Technology Company IssuesFacebook’s IPO seemed like a sure thing only a short time ago. This iconic leader in the technology space led by a charismatic CEO seemed destined to have a blockbuster IPO. The IPO encountered a number of substantial problems and challenges, however, and the stock’s post-IPO performance has been far less than stellar, with none… Continue Reading
Got questions about the JOBS Act? SEC answers 17 common ones
Posted in IPOsOn April 16th, the Securities and Exchange Commission’s Division of Corporation Finance issued 17 Frequently Asked Questions pertaining to Title I of the JOBS Act. The FAQs address some of the threshold questions on how to apply the JOBS Act to emerging growth companies such as how to determine if your company is deemed an… Continue Reading
SEC’s No-Action Letter is good news for pre-IPO companies
Posted in IPOs, Technology Company IssuesOn February 13, 2012, the Securities and Exchange Commission issued a No-Action Letter to the Fenwick & West LLP law firm. This No-Action Letter is good news for private companies that are approaching the statutory 500 shareholder limit (which would generally require them to register as public reporting companies under Section 12(g) of the Securities… Continue Reading
Missed in Facebook IPO frenzy: they had to go public. Here are 6 ways private companies can remain private
Posted in IPOsAs reported in the Wall Street Journal, Facebook, Inc. filed a registration statement with the SEC late Wednesday to register to go public. This continues the recent trend of established technology companies going public since the beginning of last year. Whether the stock price ultimately supports its expected lofty valuation remains to be seen. While… Continue Reading
Technology IPOs – Where Do We Go From Here?
Posted in IPOs, Technology Company IssuesSome of the best known names in technology were able to conduct initial public offerings during 2011. These included technology companies like LinkedIn, Pandora, Groupon, Zillow, Demand Media and others. This will likely continue tomorrow as one of the most highly anticipated technology company offerings of the year (Zynga, a developer of online games for… Continue Reading
NASDAQ Proposes Rule Change to Initial Listing Standards
Posted in IPOsNASDAQ recently filed a proposed rule change with the SEC. Upon taking effect, the rule will change the way total assets and shareholders’ equity are calculated for listing purposes on the NASDAQ Global Select Market. To conform with NYSE’s treatment under their comparable standard, NASDAQ proposes to delete the requirement that total assets be demonstrated… Continue Reading